Victory Capital Management Inc. Has $991,000 Holdings in Option Care Health, Inc. (NASDAQ:OPCH)

Victory Capital Management Inc. trimmed its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 53.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,775 shares of the company’s stock after selling 41,066 shares during the quarter. Victory Capital Management Inc.’s holdings in Option Care Health were worth $991,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Westfield Capital Management Co. LP boosted its stake in shares of 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 acquiring an additional 735,344 shares in the last quarter. Schroder Investment Management Group boosted its position in 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 worth $47,759,000 after purchasing an additional 96,587 shares during the period. Congress Asset Management Co. MA boosted 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 worth $6,858,000 after purchasing an additional 55,233 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Option Care Health by 317.9% during the second quarter. Harbor Capital Advisors Inc. now owns 96,375 shares of the company’s stock valued at $2,670,000 after purchasing an additional 73,312 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of Option Care Health by 40.9% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 394,254 shares of the company’s stock valued at $13,282,000 after purchasing an additional 114,509 shares during the period. 98.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Option Care Health

In other Option Care Health news, CFO Michael H. Shapiro sold 23,217 shares of the firm’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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Elizabeth Quadros Betten sold 47,531 shares of the company’s stock in a transaction dated 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 owns 21,339 shares of the company’s stock, valued at $663,429.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael H. Shapiro sold 23,217 shares of the 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 transaction, 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. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

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

Option Care Health Trading Up 1.1 %

Shares of 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 company’s fifty day simple moving average is $31.20 and its 200-day simple moving average is $30.47. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 2.46 and a beta of 1.29. The company has a current ratio of 1.76, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78.

Option Care Health (NASDAQ:OPCH) last posted its quarterly earnings data 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 company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. The business’s revenue was up 14.8% compared to the same quarter last year. As a group, sell-side analysts expect that Option Care Health, Inc. will post 1.22 EPS for the current year.

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.