18,414 Shares in Option Care Health, Inc. (NASDAQ:OPCH) Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC bought a new stake in shares of Option Care Health, Inc. (NASDAQ:OPCH) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 18,414 shares of the company’s stock, valued at approximately $427,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OPCH. Vanguard Group Inc. lifted its holdings in shares of Option Care Health by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 19,315,421 shares of the company’s stock worth $448,118,000 after buying an additional 75,313 shares in the last quarter. Wellington Management Group LLP lifted its stake in Option Care Health by 84.6% in the 4th quarter. Wellington Management Group LLP now owns 18,325,123 shares of the company’s stock worth $425,143,000 after purchasing an additional 8,400,208 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Option Care Health by 17.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,988,051 shares of the company’s stock valued at $92,518,000 after purchasing an additional 591,042 shares during the last quarter. Norges Bank purchased a new position in shares of Option Care Health during the fourth quarter valued at about $60,219,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Option Care Health by 6.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,510,131 shares of the company’s stock worth $58,235,000 after buying an additional 147,054 shares in the last quarter. 98.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Option Care Health

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 transaction of $1,030,926.96. Following the completion of the sale, the insider now directly owns 44,974 shares in the company, valued at approximately $1,495,835.24. This trade represents a 40.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. UBS Group raised Option Care Health from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $38.00 to $40.00 in a research note on Wednesday. Barrington Research reaffirmed an “outperform” rating and set a $38.00 price target on shares of Option Care Health in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Option Care Health from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, March 6th. Bank of America upgraded shares of Option Care Health from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $33.00 in a research report on Monday, January 13th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $36.00 price target on shares of Option Care Health in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

Option Care Health Price Performance

OPCH stock opened at $32.95 on Friday. The stock has a market cap of $5.41 billion, a PE ratio of 27.69, a P/E/G ratio of 2.30 and a beta of 1.07. Option Care Health, Inc. has a 12 month low of $21.39 and a 12 month high of $35.53. The company has a 50-day moving average price of $33.35 and a 200 day moving average price of $28.85. The company has a current ratio of 1.73, a quick ratio of 1.32 and a debt-to-equity ratio of 0.77.

Option Care Health (NASDAQ:OPCH) last announced its earnings results on Tuesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. Option Care Health had a return on equity of 15.30% and a net margin of 4.37%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business earned $0.26 earnings per share. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. Equities research analysts anticipate that Option Care Health, Inc. will post 1.22 earnings per share for the current year.

Option Care Health Company Profile

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.