Wedge Capital Management L L P NC Buys 38,856 Shares of Option Care Health, Inc. $OPCH

Wedge Capital Management L L P NC increased its stake in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 25.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,257 shares of the company’s stock after buying an additional 38,856 shares during the quarter. Wedge Capital Management L L P NC owned about 0.12% of Option Care Health worth $3,990,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Durable Capital Partners LP boosted its position in shares of Option Care Health by 134.2% during the 2nd quarter. Durable Capital Partners LP now owns 8,237,577 shares of the company’s stock worth $267,557,000 after acquiring an additional 4,720,988 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Option Care Health by 12.1% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 6,958,800 shares of the company’s stock worth $221,707,000 after purchasing an additional 752,058 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Option Care Health by 6.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,248,425 shares of the company’s stock valued at $135,355,000 after purchasing an additional 247,118 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Option Care Health by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,876,856 shares of the company’s stock valued at $104,368,000 after purchasing an additional 36,208 shares during the last quarter. Finally, Southpoint Capital Advisors LP boosted its position in Option Care Health by 20.0% in the first quarter. Southpoint Capital Advisors LP now owns 3,600,000 shares of the company’s stock valued at $96,912,000 after buying an additional 600,000 shares in the last quarter. Institutional investors own 98.05% of the company’s stock.

Option Care Health Stock Up 1.0%

Shares of NASDAQ:OPCH opened at $24.07 on Friday. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 1.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.47 and a quick ratio of 0.98. The business’s 50-day moving average is $22.03 and its 200-day moving average is $25.99. Option Care Health, Inc. has a 1 year low of $18.01 and a 1 year high of $36.80.

Option Care Health (NASDAQ:OPCH) last released its earnings results on Wednesday, July 29th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Option Care Health had a return on equity of 18.74% and a net margin of 3.68%.The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share. Option Care Health has set its FY 2026 guidance at 1.850-1.920 EPS. Equities research analysts predict that Option Care Health, Inc. will post 1.69 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on OPCH shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $24.00 target price (down from $26.00) on shares of Option Care Health in a research report on Thursday, July 30th. JPMorgan Chase & Co. lowered their price objective on Option Care Health from $40.00 to $33.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. TD Cowen dropped their price objective on shares of Option Care Health from $37.00 to $23.00 and set a “hold” rating for the company in a report on Friday, May 1st. Barrington Research cut their target price on shares of Option Care Health from $42.00 to $32.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Finally, Stephens reissued an “equal weight” rating and set a $24.00 target price (down from $30.00) on shares of Option Care Health in a report on Friday, July 17th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.92.

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.