Vestcor Inc Lowers Stake in Option Care Health, Inc. (NASDAQ:OPCH)

Vestcor Inc cut its holdings in Option Care Health, Inc. (NASDAQ:OPCH) by 12.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,724 shares of the company’s stock after selling 1,680 shares during the quarter. Vestcor Inc’s holdings in Option Care Health were worth $410,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Public Employees Retirement System of Ohio increased its position in Option Care Health by 21.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,870 shares of the company’s stock valued at $43,000 after acquiring an additional 332 shares during the period. State of Michigan Retirement System grew its stake in shares of Option Care Health by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 40,759 shares of the company’s stock valued at $1,425,000 after purchasing an additional 500 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Option Care Health by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 47,700 shares of the company’s stock valued at $1,667,000 after purchasing an additional 500 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Option Care Health by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 19,931 shares of the company’s stock worth $696,000 after purchasing an additional 525 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Option Care Health by 1.1% during the fourth quarter. Mackenzie Financial Corp now owns 49,579 shares of the company’s stock worth $1,150,000 after purchasing an additional 556 shares during the period. 98.05% of the stock is owned by hedge funds and other institutional investors.

Option Care Health Stock Down 3.7%

OPCH stock opened at $28.26 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The company’s 50-day moving average price is $31.04 and its 200 day moving average price is $32.00. Option Care Health, Inc. has a 52 week low of $21.39 and a 52 week high of $35.53. The company has a market cap of $4.59 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.79 and a beta of 0.79.

Option Care Health (NASDAQ:OPCH) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.35 billion. Option Care Health had a net margin of 3.93% and a return on equity of 17.53%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period last year, the firm earned $0.30 EPS. On average, research analysts expect that Option Care Health, Inc. will post 1.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on OPCH. UBS Group upgraded shares of Option Care Health from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $38.00 to $40.00 in a research report on Wednesday, April 30th. JMP Securities lifted their target price on shares of Option Care Health from $36.00 to $38.00 and gave the company a “market outperform” rating in a report on Thursday. Barrington Research reiterated an “outperform” rating and set a $38.00 price target on shares of Option Care Health in a research note on Thursday, July 10th. Finally, Citigroup restated an “outperform” rating on shares of Option Care Health in a research report on Thursday. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Option Care Health currently has a consensus rating of “Moderate Buy” and an average price target of $35.75.

Option Care Health 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.