Advantage Alpha Capital Partners LP Increases Stake in Option Care Health, Inc. (NASDAQ:OPCH)

Advantage Alpha Capital Partners LP boosted its holdings in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 26.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 120,091 shares of the company's stock after purchasing an additional 25,070 shares during the quarter. Advantage Alpha Capital Partners LP owned about 0.07% of Option Care Health worth $2,786,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its position in shares of Option Care Health by 134.0% in the 3rd quarter. FMR LLC now owns 7,516,448 shares of the company's stock worth $235,265,000 after purchasing an additional 4,304,896 shares in the last quarter. Wellington Management Group LLP raised its stake in Option Care Health by 15.5% during the third quarter. Wellington Management Group LLP now owns 9,924,915 shares of the company's stock valued at $310,650,000 after buying an additional 1,328,326 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in Option Care Health by 10.2% in the third quarter. Westfield Capital Management Co. LP now owns 6,492,152 shares of the company's stock worth $203,204,000 after acquiring an additional 599,589 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Option Care Health by 31.1% in the fourth quarter. Victory Capital Management Inc. now owns 2,125,433 shares of the company's stock worth $49,310,000 after acquiring an additional 503,840 shares during the last quarter. Finally, Magnetar Financial LLC increased its holdings in shares of Option Care Health by 23.1% during the fourth quarter. Magnetar Financial LLC now owns 2,350,598 shares of the company's stock valued at $54,534,000 after acquiring an additional 441,265 shares in the last quarter. Hedge funds and other institutional investors own 98.05% of the company's stock.

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Analyst Ratings Changes

OPCH has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on shares of Option Care Health from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Thursday, March 6th. JMP Securities reiterated a "market outperform" rating and set a $30.00 price target (down previously from $31.00) on shares of Option Care Health in a report on Friday, January 10th. Jefferies Financial Group raised shares of Option Care Health from a "hold" rating to a "buy" rating and raised their price target for the company from $26.00 to $35.00 in a research report on Thursday, January 23rd. Barrington Research upped their price objective on Option Care Health from $33.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, Bank of America upgraded Option Care Health from a "neutral" rating to a "buy" rating and increased their target price for the company from $26.00 to $33.00 in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Option Care Health presently has an average rating of "Moderate Buy" and a consensus target price of $33.00.

Insider Activity

In related news, insider Michael Bavaro sold 30,996 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $33.26, for a total transaction of $1,030,926.96. Following the completion of the sale, the insider now owns 44,974 shares in the company, valued at approximately $1,495,835.24. This represents a 40.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.64% of the company's stock.

Option Care Health Stock Performance

Option Care Health stock traded down $0.47 during midday trading on Friday, reaching $34.73. 1,378,809 shares of the company traded hands, compared to its average volume of 1,713,822. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.73 and a quick ratio of 1.32. Option Care Health, Inc. has a 12 month low of $21.39 and a 12 month high of $35.53. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 2.30 and a beta of 1.33. The business has a 50 day moving average of $32.47 and a two-hundred day moving average of $28.44.

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.