Central Pacific Bank Trust Division Grows Stock Holdings in Option Care Health, Inc. (NASDAQ:OPCH)

Central Pacific Bank Trust Division raised its stake in Option Care Health, Inc. (NASDAQ:OPCH) by 25.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,429 shares of the company’s stock after buying an additional 1,931 shares during the period. Central Pacific Bank Trust Division’s holdings in Option Care Health were worth $295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in Option Care Health by 130.2% in the 4th quarter. Parallel Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after buying an additional 478 shares during the period. TFO Wealth Partners LLC lifted its position in shares of Option Care Health by 24,625.0% in the 4th quarter. TFO Wealth Partners LLC now owns 989 shares of the company’s stock worth $33,000 after purchasing an additional 985 shares during the period. Park Place Capital Corp lifted its position in shares of Option Care Health by 48.4% in the 1st 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. SageView Advisory Group LLC purchased a new stake in shares of Option Care Health in the 1st quarter worth approximately $85,000. Finally, Blue Trust Inc. lifted 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 purchasing an additional 377 shares during the period. 98.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OPCH has been the subject of several research reports. Barrington Research upped their price target on shares of Option Care Health from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. JMP Securities upped their price target on shares of Option Care Health from $36.00 to $37.00 and gave the stock a “market outperform” rating in a research report on Monday.

Insider Activity at Option Care Health

In other Option Care Health news, CFO Michael H. Shapiro sold 23,217 shares of the company’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 transaction of $718,566.15. Following the transaction, the chief financial officer now owns 247,317 shares in the company, valued at approximately $7,654,461.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Option Care Health news, 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 transaction, the director now owns 21,339 shares in the company, valued at approximately $663,429.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael H. Shapiro sold 23,217 shares of the company’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 transaction of $718,566.15. Following the transaction, the chief financial officer now owns 247,317 shares in the company, 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 corporate insiders.

Option Care Health Trading Down 2.0 %

NASDAQ:OPCH opened at $29.28 on Friday. Option Care Health, Inc. has a 52 week low of $26.11 and a 52 week high of $34.63. The firm has a 50 day moving average of $31.21 and a 200 day moving average of $30.38. The company has a quick ratio of 1.36, a current ratio of 1.76 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 2.42 and a beta of 1.29.

Option Care Health (NASDAQ:OPCH) last posted 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. Option Care Health had a net margin of 4.60% and a return on equity of 14.82%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. Option Care Health’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, sell-side 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.