Gabelli Funds LLC Acquires 5,000 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Gabelli Funds LLC raised its holdings in Option Care Health, Inc. (NASDAQ:OPCH) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 525,142 shares of the company’s stock after buying an additional 5,000 shares during the quarter. Gabelli Funds LLC owned about 0.30% of Option Care Health worth $14,546,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Park Place Capital Corp lifted its holdings 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 buying an additional 372 shares during the period. Blue Trust Inc. lifted its stake 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 valued at $81,000 after purchasing an additional 377 shares during the period. Parallel Advisors LLC boosted its position in shares of Option Care Health by 130.2% during the fourth quarter. Parallel Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after purchasing an additional 478 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Option Care Health by 5.4% in the second quarter. Nisa Investment Advisors LLC now owns 13,581 shares of the company’s stock worth $376,000 after purchasing an additional 690 shares during the period. Finally, Principal Securities Inc. purchased a new position in Option Care Health during the fourth quarter valued at $27,000. 98.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OPCH has been the subject of several research reports. 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 price target for the company. Barrington Research lifted their target price on shares of Option Care Health from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, August 1st.

Option Care Health Price Performance

OPCH opened at $31.79 on Tuesday. The firm has a market cap of $5.53 billion, a PE ratio of 20.91, a P/E/G ratio of 2.46 and a beta of 1.29. The stock has a 50-day moving average price of $31.23 and a 200-day moving average price of $30.44. Option Care Health, Inc. has a 1 year low of $26.11 and a 1 year high of $34.63. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.76 and a quick ratio of 1.36.

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

Insider Buying and Selling

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

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.