Option Care Health (NASDAQ:OPCH) Stock Price Down 9.1% - Time to Sell?

Option Care Health, Inc. (NASDAQ:OPCH - Get Free Report) dropped 9.1% during trading on Tuesday . The company traded as low as $30.66 and last traded at $29.95. Approximately 334,671 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 1,776,668 shares. The stock had previously closed at $32.97.

Analyst Ratings Changes

OPCH has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Option Care Health from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. JMP Securities reaffirmed a "market outperform" rating and set a $36.00 target price on shares of Option Care Health in a research note on Tuesday, April 22nd. Barrington Research reaffirmed an "outperform" rating and set a $38.00 target price on shares of Option Care Health in a research note on Monday, April 21st. Bank of America raised Option Care Health from a "neutral" rating to a "buy" rating and increased their price objective for the company from $26.00 to $33.00 in a research note on Monday, January 13th. Finally, Jefferies Financial Group raised Option Care Health from a "hold" rating to a "buy" rating and increased their price objective for the company from $26.00 to $35.00 in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.75.

Option Care Health Stock Down 6.6 %

The company has a current ratio of 1.73, a quick ratio of 1.32 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 2.30 and a beta of 1.07. The firm's fifty day simple moving average is $33.37 and its two-hundred day simple moving average is $28.78.

Insider Buying and Selling at Option Care Health

In other news, insider Michael Bavaro sold 30,996 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $33.26, for a total value of $1,030,926.96. Following the transaction, the insider now directly owns 44,974 shares in the company, valued at approximately $1,495,835.24. This represents a 40.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Option Care Health

Hedge funds have recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp acquired a new stake in Option Care Health during the 4th quarter worth approximately $26,000. UMB Bank n.a. increased its position in shares of Option Care Health by 41.7% in the 4th quarter. UMB Bank n.a. now owns 1,176 shares of the company's stock valued at $27,000 after purchasing an additional 346 shares during the last quarter. Signaturefd LLC increased its position in shares of Option Care Health by 487.9% in the 4th quarter. Signaturefd LLC now owns 1,211 shares of the company's stock valued at $28,000 after purchasing an additional 1,005 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Option Care Health by 172.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,735 shares of the company's stock valued at $40,000 after purchasing an additional 1,099 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Option Care Health by 21.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,870 shares of the company's stock valued at $43,000 after purchasing an additional 332 shares during the last quarter. 98.05% of the stock is currently owned by institutional investors and hedge funds.

Option Care Health Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.