9,000 Shares in Option Care Health, Inc. (NASDAQ:OPCH) Acquired by MQS Management LLC

MQS Management LLC acquired a new stake in Option Care Health, Inc. (NASDAQ:OPCH) during the second quarter, according to its most recent filing with the SEC. The firm acquired 9,000 shares of the company’s stock, valued at approximately $249,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in OPCH. XTX Topco Ltd bought a new position in Option Care Health in the second quarter valued at about $973,000. First Eagle Investment Management LLC boosted its stake in shares of Option Care Health by 33.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 214,537 shares of the company’s stock valued at $5,943,000 after purchasing an additional 53,250 shares during the last quarter. Seven Eight Capital LP boosted its stake in shares of Option Care Health by 100.7% in the 2nd quarter. Seven Eight Capital LP now owns 94,088 shares of the company’s stock valued at $2,606,000 after purchasing an additional 47,217 shares during the last quarter. Blair William & Co. IL grew its position in shares of Option Care Health by 1.5% during the 2nd quarter. Blair William & Co. IL now owns 258,276 shares of the company’s stock worth $7,154,000 after buying an additional 3,932 shares during the period. Finally, Edgestream Partners L.P. raised its stake in shares of Option Care Health by 96.8% during the second quarter. Edgestream Partners L.P. now owns 351,476 shares of the company’s stock worth $9,736,000 after buying an additional 172,845 shares during the last quarter. 98.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 value 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 $7,654,461.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Michael H. Shapiro sold 23,217 shares of Option Care Health 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 transaction, the chief financial officer now owns 247,317 shares in the company, valued at approximately $7,654,461.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 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. 0.64% of the stock is currently owned by company insiders.

Option Care Health Stock Performance

Shares of NASDAQ:OPCH opened at $31.90 on Friday. The firm’s 50 day simple moving average is $31.20 and its 200 day simple moving average is $30.47. Option Care Health, Inc. has a fifty-two week low of $26.11 and a fifty-two week high of $34.63. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 2.46 and a beta of 1.29. 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 posted its earnings results on Wednesday, July 31st. The company reported $0.30 earnings per share 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 analyst estimates of $1.17 billion. During the same period last year, the business posted $0.63 earnings per share. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Option Care Health, Inc. will post 1.22 earnings per share for the current year.

Wall Street Analyst Weigh In

OPCH has been the subject of a number of analyst reports. Barrington Research lifted their target price on shares of Option Care Health from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. JMP Securities started coverage on Option Care Health in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 price target on the stock.

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.