Bank of New York Mellon Corp Sells 21,152 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Bank of New York Mellon Corp decreased its position in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,307,430 shares of the company's stock after selling 21,152 shares during the period. Bank of New York Mellon Corp owned 0.77% of Option Care Health worth $30,332,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OPCH. Wellington Management Group LLP boosted its stake in shares of Option Care Health by 15.5% in the 3rd quarter. Wellington Management Group LLP now owns 9,924,915 shares of the company's stock valued at $310,650,000 after purchasing an additional 1,328,326 shares during the last quarter. FMR LLC lifted its holdings in Option Care Health by 134.0% in the third quarter. FMR LLC now owns 7,516,448 shares of the company's stock valued at $235,265,000 after buying an additional 4,304,896 shares during the period. Westfield Capital Management Co. LP boosted its stake 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 valued at $203,204,000 after acquiring an additional 599,589 shares during the last quarter. State Street Corp boosted its stake in Option Care Health by 1.4% in the third quarter. State Street Corp now owns 6,257,172 shares of the company's stock valued at $195,849,000 after acquiring an additional 83,395 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Option Care Health by 7.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,863,930 shares of the company's stock worth $183,541,000 after acquiring an additional 404,811 shares during the period. 98.05% of the stock is currently owned by institutional investors and hedge funds.

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Option Care Health Stock Down 1.6 %

OPCH stock traded down $0.52 during mid-day trading on Wednesday, hitting $32.90. 1,615,854 shares of the company were exchanged, compared to its average volume of 1,606,676. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.32 and a current ratio of 1.73. Option Care Health, Inc. has a 1-year low of $21.39 and a 1-year high of $34.85. The firm's 50 day simple moving average is $30.25 and its 200 day simple moving average is $28.19. The firm has a market cap of $5.44 billion, a P/E ratio of 27.64, a P/E/G ratio of 2.30 and a beta of 1.33.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Jefferies Financial Group raised Option Care Health from a "hold" rating to a "buy" rating and increased their price target for the company from $26.00 to $35.00 in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on Option Care Health from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. Bank of America upgraded Option Care Health from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $26.00 to $33.00 in a research report on Monday, January 13th. Barrington Research lifted their price objective on shares of Option Care Health from $33.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, UBS Group started coverage on shares of Option Care Health in a report on Thursday, December 5th. They set a "neutral" rating and a $26.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $33.00.

Insider Buying and Selling

In related news, insider Michael Bavaro sold 30,996 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $33.26, for a total value of $1,030,926.96. Following the completion of the transaction, the insider now directly owns 44,974 shares of the company's stock, valued at approximately $1,495,835.24. This represents a 40.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is currently owned by company insiders.

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.