Teachers Retirement System of The State of Kentucky reduced its holdings in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 375,808 shares of the company's stock after selling 15,113 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.22% of Option Care Health worth $8,718,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC grew its position in Option Care Health by 180.1% during the third quarter. Barclays PLC now owns 310,194 shares of the company's stock worth $9,708,000 after buying an additional 199,454 shares in the last quarter. Central Pacific Bank Trust Division grew its position in Option Care Health by 6.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 10,079 shares of the company's stock worth $234,000 after buying an additional 650 shares in the last quarter. Nordea Investment Management AB grew its position in Option Care Health by 6.0% during the fourth quarter. Nordea Investment Management AB now owns 94,641 shares of the company's stock worth $2,165,000 after buying an additional 5,365 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Option Care Health by 2.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 213,155 shares of the company's stock worth $4,945,000 after buying an additional 5,595 shares in the last quarter. Finally, Graypoint LLC acquired a new stake in Option Care Health during the fourth quarter worth about $1,161,000. 98.05% of the stock is owned by institutional investors and hedge funds.
Option Care Health Price Performance
Shares of NASDAQ:OPCH traded up $0.72 during trading on Friday, reaching $32.90. The stock had a trading volume of 1,560,649 shares, compared to its average volume of 1,776,860. Option Care Health, Inc. has a 52 week low of $21.39 and a 52 week high of $35.53. The business's 50-day moving average price is $33.36 and its 200 day moving average price is $28.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.73 and a quick ratio of 1.32. The stock has a market capitalization of $5.40 billion, a PE ratio of 27.65, a P/E/G ratio of 2.30 and a beta of 1.07.
Insider Buying and Selling
In other news, insider Michael Bavaro sold 30,996 shares of Option Care Health stock in a transaction on Friday, February 28th. The stock was sold at an average price of $33.26, for a total value of $1,030,926.96. Following the completion of the sale, the insider now directly owns 44,974 shares of the company's stock, valued at approximately $1,495,835.24. This trade represents a 40.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. JMP Securities restated a "market outperform" rating and set a $36.00 price target on shares of Option Care Health in a research note on Tuesday, April 22nd. Bank of America upgraded shares of Option Care Health from a "neutral" rating to a "buy" rating and raised their price target for the stock from $26.00 to $33.00 in a research note on Monday, January 13th. Barrington Research restated an "outperform" rating and set a $38.00 price target on shares of Option Care Health in a research note on Monday, April 21st. Jefferies Financial Group upgraded shares of Option Care Health from a "hold" rating to a "buy" rating and raised their price target for the stock from $26.00 to $35.00 in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Option Care Health from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $33.75.
Get Our Latest Stock Report on OPCH
Option Care Health Company Profile
(
Free Report)
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.
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