Option Care Health, Inc. $OPCH Shares Sold by Swedbank AB

Swedbank AB trimmed its position in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 3.1% during the fourth quarter, HoldingsChannel reports. The fund owned 1,726,000 shares of the company’s stock after selling 55,532 shares during the quarter. Swedbank AB’s holdings in Option Care Health were worth $54,990,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of Option Care Health during the fourth quarter worth about $25,000. Cornerstone Planning Group LLC increased its stake in shares of Option Care Health by 7,621.4% during the third quarter. Cornerstone Planning Group LLC now owns 1,081 shares of the company’s stock worth $30,000 after acquiring an additional 1,067 shares during the period. McIlrath & Eck LLC acquired a new position in Option Care Health during the second quarter worth about $37,000. Advisory Services Network LLC acquired a new position in Option Care Health during the third quarter worth about $35,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Option Care Health during the third quarter worth about $38,000. 98.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Timothy P. Sullivan bought 24,154 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average price of $20.69 per share, for a total transaction of $499,746.26. Following the completion of the transaction, the director owned 73,383 shares in the company, valued at $1,518,294.27. The trade was a 49.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John Charles Rademacher bought 12,500 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were purchased at an average price of $21.18 per share, for a total transaction of $264,750.00. Following the transaction, the chief executive officer owned 695,152 shares of the company’s stock, valued at $14,723,319.36. The trade was a 1.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 73,264 shares of company stock worth $1,548,316 over the last ninety days. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OPCH. Weiss Ratings lowered shares of Option Care Health from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Morgan Stanley set a $28.00 target price on shares of Option Care Health in a research report on Wednesday, May 6th. Truist Financial set a $30.00 target price on shares of Option Care Health in a research report on Friday, May 1st. Barrington Research lowered their target price on shares of Option Care Health from $42.00 to $32.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Finally, National Bank Financial set a $37.00 target price on shares of Option Care Health in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $31.25.

Option Care Health Price Performance

OPCH stock opened at $20.93 on Monday. The company’s 50 day simple moving average is $25.96 and its 200-day simple moving average is $30.05. The firm has a market capitalization of $3.29 billion, a PE ratio of 16.22, a P/E/G ratio of 1.16 and a beta of 0.68. Option Care Health, Inc. has a 12 month low of $18.01 and a 12 month high of $36.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.64 and a quick ratio of 1.07.

Option Care Health (NASDAQ:OPCH) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.39 billion. Option Care Health had a net margin of 3.64% and a return on equity of 18.17%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 earnings per share. Option Care Health has set its FY 2026 guidance at 1.820-1.920 EPS. Equities analysts expect that Option Care Health, Inc. will post 1.64 earnings per share for the current fiscal year.

About Option Care Health

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.