Option Care Health, Inc. $OPCH Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 43.8% during the third quarter, Holdings Channel.com reports. The firm owned 1,270,685 shares of the company’s stock after buying an additional 387,281 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Option Care Health were worth $35,274,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. increased its position in shares of Option Care Health by 110.7% during the 1st quarter. Raymond James Financial Inc. now owns 184,074 shares of the company’s stock valued at $6,433,000 after purchasing an additional 96,719 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Option Care Health by 1,492.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 892 shares of the company’s stock worth $31,000 after buying an additional 836 shares during the period. Ieq Capital LLC purchased a new stake in shares of Option Care Health in the 1st quarter valued at approximately $252,000. Quarry LP lifted its holdings in shares of Option Care Health by 38.3% in the first quarter. Quarry LP now owns 3,529 shares of the company’s stock valued at $123,000 after purchasing an additional 977 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Option Care Health by 20.7% during the first quarter. Royal Bank of Canada now owns 231,161 shares of the company’s stock valued at $8,078,000 after buying an additional 39,661 shares during the period. Institutional investors and hedge funds own 98.05% of the company’s stock.

Insider Activity

In other Option Care Health news, Director Harry M. Jansen Kraemer, Jr. acquired 38,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of $25.98 per share, for a total transaction of $987,240.00. Following the completion of the acquisition, the director owned 413,390 shares of the company’s stock, valued at approximately $10,739,872.20. This trade represents a 10.12% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barrington Research restated an “outperform” rating and set a $38.00 price objective on shares of Option Care Health in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Option Care Health from $31.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Option Care Health in a research report on Monday, December 22nd. Wall Street Zen downgraded shares of Option Care Health from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. Finally, Citizens Jmp decreased their target price on shares of Option Care Health from $38.00 to $36.00 and set a “market outperform” rating for the company in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.27.

Option Care Health Price Performance

NASDAQ OPCH opened at $32.19 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $5.11 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 2.20 and a beta of 0.79. Option Care Health, Inc. has a 12-month low of $22.46 and a 12-month high of $35.53. The company has a 50 day moving average price of $29.92 and a two-hundred day moving average price of $29.37.

Option Care Health 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.