SG Americas Securities LLC Sells 51,064 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

SG Americas Securities LLC reduced its stake in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 84.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,292 shares of the company’s stock after selling 51,064 shares during the period. SG Americas Securities LLC’s holdings in Option Care Health were worth $291,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Park Place Capital Corp raised 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 acquiring an additional 372 shares in the last quarter. Blue Trust Inc. raised 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 acquiring an additional 377 shares in the last quarter. SageView Advisory Group LLC bought a new position in shares of Option Care Health in the 1st quarter worth about $85,000. Headlands Technologies LLC acquired a new stake in shares of Option Care Health in the 2nd quarter valued at about $137,000. Finally, MeadowBrook Investment Advisors LLC grew its stake in shares of Option Care Health by 36.1% in the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 6,610 shares of the company’s stock valued at $183,000 after buying an additional 1,755 shares during the period. 98.05% of the stock is 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 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 completion of the transaction, the chief financial officer now owns 247,317 shares in the company, valued at approximately $7,654,461.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 stock was sold at an average price of $31.09, for a total value of $1,477,738.79. Following the transaction, the director now owns 21,339 shares in the company, valued at $663,429.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael H. Shapiro sold 23,217 shares of the business’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 transaction, the chief financial officer now owns 247,317 shares in the company, valued at $7,654,461.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Barrington Research raised their target price on 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 raised their target price on Option Care Health from $36.00 to $37.00 and gave the company a “market outperform” rating in a research note on Monday, September 30th.

Option Care Health Price Performance

OPCH stock opened at $31.64 on Monday. The company has a market capitalization of $5.50 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 2.21 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.76. Option Care Health, Inc. has a 52-week low of $26.11 and a 52-week high of $34.63. The business has a 50-day simple moving average of $31.09 and a two-hundred day simple moving average of $30.13.

Option Care Health (NASDAQ:OPCH) last released 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. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. Option Care Health had a return on equity of 14.82% and a net margin of 4.60%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. 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.