Option Care Health (NASDAQ:OPCH) Stock Rating Reaffirmed by Barrington Research

Option Care Health (NASDAQ:OPCH)‘s stock had its “outperform” rating reiterated by equities researchers at Barrington Research in a research report issued on Wednesday, Benzinga reports. They currently have a $40.00 price objective on the stock. Barrington Research’s target price points to a potential upside of 34.41% from the company’s previous close.

Separately, JMP Securities lifted their price objective on Option Care Health from $36.00 to $37.00 and gave the stock a “market outperform” rating in a research report on Monday, September 30th.

Option Care Health Stock Performance

NASDAQ:OPCH opened at $29.76 on Wednesday. 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 has a fifty-two week low of $26.11 and a fifty-two week high of $34.63. The business has a 50 day moving average price of $31.07 and a 200-day moving average price of $30.11. The firm has a market cap of $5.17 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.21 and a beta of 1.29.

Option Care Health (NASDAQ:OPCH) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. Option Care Health had a net margin of 4.60% and a return on equity of 14.82%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. Equities research analysts predict that Option Care Health will post 1.22 earnings per share for the current year.

Insider Activity at Option Care Health

In related news, Director Elizabeth Quadros Betten sold 47,531 shares of Option Care Health stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $31.09, for a total transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Michael H. Shapiro sold 23,217 shares of the business’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 value of $718,566.15. Following the completion of the transaction, the chief financial officer now directly owns 247,317 shares in the company, valued at $7,654,461.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Elizabeth Quadros Betten sold 47,531 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 21,339 shares of the company’s stock, valued at $663,429.51. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.64% of the stock is owned by corporate insiders.

Institutional Trading of Option Care Health

A number of institutional investors have recently made changes to their positions in OPCH. Park Place Capital Corp raised its stake in Option Care Health by 48.4% during 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 during the period. State of Michigan Retirement System lifted its holdings in shares of Option Care Health by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 43,459 shares of the company’s stock worth $1,458,000 after buying an additional 1,000 shares during the period. Lifestyle Asset Management Inc. bought a new position in shares of Option Care Health during the 1st quarter worth $211,000. Norden Group LLC lifted its stake in Option Care Health by 1,043.1% in the first quarter. Norden Group LLC now owns 121,592 shares of the company’s stock worth $4,078,000 after acquiring an additional 110,955 shares during the period. Finally, Diversify Advisory Services LLC bought a new position in Option Care Health during the 1st quarter worth about $307,000. Hedge funds and other institutional investors own 98.05% of the company’s stock.

About Option Care Health

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.