Mutual of America Capital Management LLC Trims Holdings in Option Care Health, Inc. (NASDAQ:OPCH)

Mutual of America Capital Management LLC decreased its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 5.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,596 shares of the company’s stock after selling 9,229 shares during the period. Mutual of America Capital Management LLC owned 0.10% of Option Care Health worth $4,809,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Park Place Capital Corp grew its stake in Option Care Health by 48.4% in the first quarter. Park Place Capital Corp now owns 1,140 shares of the company’s stock worth $38,000 after purchasing an additional 372 shares during the period. Blue Trust Inc. grew its position in shares of Option Care Health by 14.8% in the 2nd quarter. Blue Trust Inc. now owns 2,931 shares of the company’s stock worth $81,000 after buying an additional 377 shares during the period. Parallel Advisors LLC increased its stake in shares of Option Care Health by 130.2% in the 4th quarter. Parallel Advisors LLC now owns 845 shares of the company’s stock worth $28,000 after acquiring an additional 478 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Option Care Health by 5.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,581 shares of the company’s stock valued at $376,000 after acquiring an additional 690 shares during the period. Finally, Principal Securities Inc. bought a new stake in Option Care Health during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

Several research firms have recently issued reports on OPCH. JMP Securities initiated coverage on shares of Option Care Health in a report on Tuesday, July 16th. They set an “outperform” rating and a $36.00 target price for the company. Barrington Research increased their target price on Option Care Health from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st.

Option Care Health Price Performance

Shares of NASDAQ OPCH opened at $31.90 on Friday. The company has a 50 day moving average of $31.20 and a 200 day moving average of $30.46. The company has a quick ratio of 1.36, a current ratio of 1.76 and a debt-to-equity ratio of 0.78. Option Care Health, Inc. has a twelve month low of $26.11 and a twelve month high of $34.63. The firm 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 announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. Option Care Health had a return on equity of 14.82% and a net margin of 4.60%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, research analysts expect that Option Care Health, Inc. will post 1.22 EPS 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.