Park Place Capital Corp Purchases 372 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Park Place Capital Corp lifted its position in Option Care Health, Inc. (NASDAQ:OPCH) by 48.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,140 shares of the company’s stock after purchasing an additional 372 shares during the quarter. Park Place Capital Corp’s holdings in Option Care Health were worth $38,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rheos Capital Works Inc. grew its position in Option Care Health by 9.8% during the first quarter. Rheos Capital Works Inc. now owns 357,600 shares of the company’s stock worth $11,994,000 after buying an additional 32,000 shares in the last quarter. Congress Asset Management Co. MA boosted its position in shares of Option Care Health by 26.5% during the 1st quarter. Congress Asset Management Co. MA now owns 257,580 shares of the company’s stock valued at $8,639,000 after acquiring an additional 54,011 shares during the last quarter. Compass Wealth Management LLC bought a new stake in shares of Option Care Health during the 1st quarter valued at about $2,283,000. Kapitalo Investimentos Ltda bought a new stake in shares of Option Care Health during the 4th quarter valued at about $108,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Option Care Health by 17.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 29,374 shares of the company’s stock valued at $990,000 after acquiring an additional 4,350 shares during the last quarter. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Option Care Health Stock Performance

Shares of NASDAQ OPCH opened at $27.34 on Tuesday. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 1.35 and a beta of 1.24. The company has a current ratio of 1.77, a quick ratio of 1.39 and a debt-to-equity ratio of 0.74. Option Care Health, Inc. has a 1-year low of $26.17 and a 1-year high of $35.74. The stock’s 50-day moving average is $29.20 and its 200 day moving average is $31.24.

Option Care Health (NASDAQ:OPCH) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Option Care Health had a return on equity of 18.92% and a net margin of 6.15%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm posted $0.21 EPS. Option Care Health’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Option Care Health, Inc. will post 1.19 EPS for the current fiscal year.

Analyst Ratings Changes

OPCH has been the subject of a number of research analyst reports. Barrington Research reiterated an “outperform” rating and set a $38.00 price target on shares of Option Care Health in a research report on Wednesday, April 24th. Jefferies Financial Group lifted their price target on Option Care Health from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, March 4th.

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.