Teton Advisors LLC Acquires New Shares in Option Care Health, Inc. $OPCH

Teton Advisors LLC acquired a new position in shares of Option Care Health, Inc. (NASDAQ:OPCH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,368 shares of the company’s stock, valued at approximately $482,000.

A number of other institutional investors and hedge funds have also bought and sold shares of OPCH. Dimensional Fund Advisors LP boosted its stake in shares of Option Care Health by 6.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,796,396 shares of the company’s stock valued at $105,384,000 after purchasing an additional 235,413 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Option Care Health by 129.5% in the third quarter. Victory Capital Management Inc. now owns 383,605 shares of the company’s stock valued at $10,649,000 after buying an additional 216,489 shares during the period. Segall Bryant & Hamill LLC raised its holdings in Option Care Health by 2.3% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 346,813 shares of the company’s stock valued at $9,628,000 after buying an additional 7,853 shares during the last quarter. 111 Capital acquired a new stake in Option Care Health during the 3rd quarter worth approximately $281,000. Finally, Elo Mutual Pension Insurance Co boosted its position in Option Care Health by 81.5% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 46,549 shares of the company’s stock worth $1,292,000 after buying an additional 20,896 shares during the period. Institutional investors and hedge funds own 98.05% of the company’s stock.

Option Care Health Stock Down 2.0%

Option Care Health stock opened at $29.84 on Friday. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 1.70 and a beta of 0.85. Option Care Health, Inc. has a 52-week low of $24.24 and a 52-week high of $36.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.96 and a current ratio of 1.53. The firm has a 50 day moving average price of $33.83 and a two-hundred day moving average price of $30.66.

Option Care Health (NASDAQ:OPCH) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. Option Care Health had a net margin of 3.67% and a return on equity of 18.57%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the firm posted $0.44 EPS. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Equities analysts predict that Option Care Health, Inc. will post 1.22 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on OPCH shares. National Bank Financial set a $37.00 price target on shares of Option Care Health in a research report on Tuesday, January 27th. Morgan Stanley lifted their price target on shares of Option Care Health from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Citizens Jmp reissued a “market outperform” rating and issued a $38.00 price objective (up from $36.00) on shares of Option Care Health in a research note on Tuesday, January 13th. TD Cowen reaffirmed a “hold” rating on shares of Option Care Health in a research report on Tuesday, January 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $37.00 target price on shares of Option Care Health in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.27.

Option Care Health Company Profile

Option Care Health (NASDAQ: OPCH) is a leading provider of home and alternate site infusion services in the United States. The company specializes in the administration of injectable therapies, including antibiotics, nutrition, hydration, immunoglobulin, pain management and specialty pharmaceuticals. Through its nationwide network of infusion pharmacies and nursing professionals, Option Care Health delivers customized care plans and in-home nursing visits to patients managing complex or chronic conditions outside of a hospital setting.

Option Care Health traces its current structure to the completion of its merger with BioScrip in early 2021, combining two of the industry’s most experienced home infusion businesses.