Vanguard Group Inc. Sells 330,939 Shares of Option Care Health, Inc. $OPCH

Vanguard Group Inc. lowered its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 1.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,686,712 shares of the company’s stock after selling 330,939 shares during the period. Vanguard Group Inc. owned about 11.14% of Option Care Health worth $490,983,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. State of New Jersey Common Pension Fund D raised its stake in Option Care Health by 29.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 76,403 shares of the company’s stock worth $2,121,000 after acquiring an additional 17,237 shares in the last quarter. HighTower Advisors LLC increased its position in Option Care Health by 4.9% during the 3rd quarter. HighTower Advisors LLC now owns 436,147 shares of the company’s stock worth $12,107,000 after purchasing an additional 20,302 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in Option Care Health by 48.5% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 123,574 shares of the company’s stock worth $3,430,000 after purchasing an additional 40,358 shares in the last quarter. MQS Management LLC bought a new position in Option Care Health in the 3rd quarter valued at approximately $203,000. Finally, Bryce Point Capital LLC acquired a new stake in Option Care Health in the third quarter valued at approximately $687,000. 98.05% of the stock is owned by institutional investors and hedge funds.

Option Care Health Trading Down 0.6%

NASDAQ:OPCH opened at $33.60 on Thursday. The firm’s fifty day moving average is $34.00 and its 200-day moving average is $30.53. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.53. Option Care Health, Inc. has a 52 week low of $24.24 and a 52 week high of $36.80. The firm has a market cap of $5.33 billion, a P/E ratio of 26.25, a P/E/G ratio of 2.02 and a beta of 0.84.

Option Care Health (NASDAQ:OPCH) last announced its earnings results on Tuesday, February 24th. The company reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. Option Care Health had a net margin of 3.67% and a return on equity of 18.57%. Option Care Health’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 earnings per share. Equities analysts expect that Option Care Health, Inc. will post 1.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Morgan Stanley increased their price target on Option Care Health from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. TD Cowen reiterated a “hold” rating on shares of Option Care Health in a research report on Tuesday, January 27th. Citigroup restated an “outperform” rating on shares of Option Care Health in a report on Tuesday, January 13th. National Bank Financial set a $37.00 price objective on Option Care Health in a research note on Tuesday, January 27th. Finally, Stephens upgraded shares of Option Care Health to a “strong-buy” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Option Care Health currently has an average rating of “Moderate Buy” and a consensus price target of $37.58.

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.