First Eagle Investment Management LLC Acquires 54,200 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

First Eagle Investment Management LLC lifted its stake in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 57.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,987 shares of the company's stock after purchasing an additional 54,200 shares during the quarter. First Eagle Investment Management LLC owned about 0.08% of Option Care Health worth $5,019,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Principal Securities Inc. purchased a new stake in Option Care Health in the 4th quarter valued at approximately $27,000. Headlands Technologies LLC boosted its stake in shares of Option Care Health by 5,796.7% in the third quarter. Headlands Technologies LLC now owns 1,769 shares of the company's stock valued at $57,000 after buying an additional 1,739 shares in the last quarter. Fifth Third Bancorp grew its holdings in Option Care Health by 219.6% during the third quarter. Fifth Third Bancorp now owns 2,723 shares of the company's stock worth $88,000 after acquiring an additional 1,871 shares during the period. Parkside Financial Bank & Trust raised its position in Option Care Health by 24,250.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,922 shares of the company's stock worth $98,000 after acquiring an additional 2,910 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Option Care Health by 1,513.7% in the fourth quarter. International Assets Investment Management LLC now owns 3,066 shares of the company's stock valued at $103,000 after acquiring an additional 2,876 shares during the period. 98.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Option Care Health

In related news, Director Harry M. Jansen Kraemer, Jr. bought 35,000 shares of Option Care Health stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average price of $31.55 per share, with a total value of $1,104,250.00. Following the purchase, the director now owns 269,528 shares in the company, valued at $8,503,608.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of Option Care Health from $36.00 to $38.00 and gave the company a "buy" rating in a report on Monday, March 4th. Barrington Research restated an "outperform" rating and set a $38.00 target price on shares of Option Care Health in a research report on Wednesday, April 24th.

Option Care Health Price Performance

OPCH traded down $0.06 during trading on Friday, reaching $29.78. 819,207 shares of the stock were exchanged, compared to its average volume of 1,710,608. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.77 and a quick ratio of 1.39. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 1.45 and a beta of 1.26. Option Care Health, Inc. has a 1 year low of $26.17 and a 1 year high of $35.74. The business's 50 day moving average price is $31.20 and its two-hundred day moving average price is $31.42.

Option Care Health (NASDAQ:OPCH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. The firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.10 billion. Option Care Health had a net margin of 6.15% and a return on equity of 18.92%. The firm's revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 EPS. As a group, equities research analysts anticipate that Option Care Health, Inc. will post 1.19 earnings per share for the current year.

Option Care Health Profile

Option Care Health, Inc offers home and alternate site infusion services in the United States. The company provides anti-infective therapies; home infusion services to treat heart failures; home parenteral nutrition and enteral nutrition support services for numerous acute and chronic conditions, such as stroke, cancer, and gastrointestinal diseases; immunoglobulin infusion therapies for the treatment of immune deficiencies; and treatments for chronic inflammatory disorders, including crohn's disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders.