Option Care Health, Inc. (NASDAQ:OPCH) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 27.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,380 shares of the company’s stock after selling 2,387 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Option Care Health were worth $178,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Principal Securities Inc. purchased a new stake in Option Care Health during the 4th quarter worth approximately $27,000. Parallel Advisors LLC increased its stake in shares of Option Care Health by 130.2% in the fourth quarter. Parallel Advisors LLC now owns 845 shares of the company’s stock worth $28,000 after buying an additional 478 shares during the last quarter. TFO Wealth Partners LLC raised its holdings in Option Care Health by 24,625.0% in the fourth quarter. TFO Wealth Partners LLC now owns 989 shares of the company’s stock valued at $33,000 after acquiring an additional 985 shares in the last quarter. Park Place Capital Corp boosted its stake in Option Care Health by 48.4% during the 1st quarter. Park Place Capital Corp now owns 1,140 shares of the company’s stock valued at $38,000 after acquiring an additional 372 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Option Care Health by 14.8% during the 2nd quarter. Blue Trust Inc. now owns 2,931 shares of the company’s stock worth $81,000 after acquiring an additional 377 shares in the last quarter. Institutional investors and hedge funds own 98.05% of the company’s stock.

Analysts Set New Price Targets

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

Option Care Health Trading Up 1.1 %

Option Care Health stock opened at $31.90 on Friday. Option Care Health, Inc. has a 1 year low of $26.11 and a 1 year high of $34.63. The firm’s 50-day moving average is $31.20 and its 200-day moving average is $30.47. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.76. The company has a market cap of $5.54 billion, a P/E ratio of 20.99, a PEG ratio of 2.46 and a beta of 1.29.

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

Insider Buying and Selling

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

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.