Intech Investment Management LLC Acquires 1,808 Shares of Option Care Health, Inc. $OPCH

Intech Investment Management LLC raised its stake in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 1.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 122,000 shares of the company’s stock after acquiring an additional 1,808 shares during the period. Intech Investment Management LLC’s holdings in Option Care Health were worth $3,963,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. USA Financial Formulas bought a new position in shares of Option Care Health during the second quarter worth $26,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 valued at $31,000 after purchasing an additional 836 shares during the last quarter. Brooklyn Investment Group grew its holdings in Option Care Health by 186.6% during the 1st quarter. Brooklyn Investment Group now owns 1,198 shares of the company’s stock valued at $42,000 after buying an additional 780 shares in the last quarter. Wealthquest Corp bought a new position in shares of Option Care Health during the 1st quarter valued at approximately $66,000. Finally, Allworth Financial LP lifted its position in Option Care Health by 126.6% during the second quarter. Allworth Financial LP now owns 2,237 shares of the company’s stock valued at $73,000 after purchasing an additional 1,250 shares during the last quarter. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OPCH. JMP Securities set a $36.00 target price on Option Care Health in a report on Friday, October 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Option Care Health in a report on Thursday, November 13th. Citizens Jmp dropped their price target 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. TD Cowen reduced their price objective on shares of Option Care Health from $30.00 to $27.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. Finally, Wall Street Zen downgraded shares of Option Care Health from a “buy” rating to a “hold” rating in a research note on Saturday. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.67.

Insider Activity at Option Care Health

In other Option Care Health news, Director Norman L. Wright acquired 3,411 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average cost of $29.31 per share, with a total value of $99,976.41. Following the completion of the purchase, the director directly owned 15,501 shares in the company, valued at $454,334.31. The trade was a 28.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy P. Sullivan bought 20,000 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were acquired at an average price of $27.51 per share, for a total transaction of $550,200.00. Following the completion of the acquisition, the director owned 49,229 shares in the company, valued at $1,354,289.79. This represents a 68.43% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 61,411 shares of company stock worth $1,637,416 over the last three months. 0.64% of the stock is owned by corporate insiders.

Option Care Health Trading Up 0.6%

OPCH opened at $28.28 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.52 and a debt-to-equity ratio of 0.81. The stock’s fifty day moving average is $27.72 and its two-hundred day moving average is $29.51. The company has a market capitalization of $4.49 billion, a P/E ratio of 22.62, a PEG ratio of 1.74 and a beta of 0.88. Option Care Health, Inc. has a 52 week low of $21.39 and a 52 week high of $35.53.

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.