Option Care Health, Inc. (NASDAQ:OPCH) Position Increased by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its position in Option Care Health, Inc. (NASDAQ:OPCH) by 33.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 214,537 shares of the company’s stock after acquiring an additional 53,250 shares during the period. First Eagle Investment Management LLC owned about 0.12% of Option Care Health worth $5,943,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in OPCH. Westfield Capital Management Co. LP grew its position in Option Care Health by 19.6% during the 4th quarter. Westfield Capital Management Co. LP now owns 4,482,732 shares of the company’s stock worth $151,023,000 after purchasing an additional 735,344 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Option Care Health by 7.3% during the fourth quarter. Schroder Investment Management Group now owns 1,417,591 shares of the company’s stock valued at $47,759,000 after buying an additional 96,587 shares in the last quarter. Congress Asset Management Co. MA raised its position in Option Care Health by 37.2% during the fourth quarter. Congress Asset Management Co. MA now owns 203,569 shares of the company’s stock valued at $6,858,000 after buying an additional 55,233 shares during the period. Harbor Capital Advisors Inc. lifted its stake in Option Care Health by 317.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 96,375 shares of the company’s stock worth $2,670,000 after acquiring an additional 73,312 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in Option Care Health by 40.9% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 394,254 shares of the company’s stock worth $13,282,000 after acquiring an additional 114,509 shares during the period. Institutional investors and hedge funds own 98.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on OPCH. JMP Securities started coverage on Option Care Health in a report on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 target price on the stock. Barrington Research boosted their price objective on shares of Option Care Health from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st.

Insider Transactions at Option Care Health

In related news, Director Elizabeth Quadros Betten sold 47,531 shares of Option Care Health stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $31.09, for a total value of $1,477,738.79. Following the completion of the sale, the director now owns 21,339 shares of the company’s stock, valued at approximately $663,429.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Elizabeth Quadros Betten sold 47,531 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $31.09, for a total value of $1,477,738.79. Following the transaction, the director now directly owns 21,339 shares of the company’s stock, valued at approximately $663,429.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael H. Shapiro sold 23,217 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $30.95, for a total value of $718,566.15. Following the sale, the chief financial officer now directly owns 247,317 shares of the company’s stock, valued at approximately $7,654,461.15. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by company insiders.

Option Care Health Stock Performance

Shares of NASDAQ OPCH opened at $31.90 on Friday. Option Care Health, Inc. has a one year low of $26.11 and a one year high of $34.63. The business’s 50-day moving average price is $31.20 and its two-hundred day moving average price is $30.47. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.76 and a quick ratio of 1.36. The company has a market capitalization of $5.54 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 2.46 and a beta of 1.29.

Option Care Health (NASDAQ:OPCH) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Option Care Health had a return on equity of 14.82% and a net margin of 4.60%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 EPS. Analysts anticipate that Option Care Health, Inc. will post 1.22 earnings per share for the current fiscal 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.