Boothbay Fund Management LLC Buys 49,588 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Boothbay Fund Management LLC boosted its stake in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 21.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,161 shares of the company's stock after purchasing an additional 49,588 shares during the period. Boothbay Fund Management LLC owned approximately 0.17% of Option Care Health worth $6,523,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Susquehanna Fundamental Investments LLC acquired a new stake in Option Care Health in the 4th quarter valued at $6,631,000. Pinebridge Investments L.P. increased its holdings in shares of Option Care Health by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 61,059 shares of the company's stock valued at $1,417,000 after acquiring an additional 18,265 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Option Care Health in the 4th quarter valued at approximately $1,178,000. Hsbc Holdings PLC grew its stake in Option Care Health by 14.4% during the 4th quarter. Hsbc Holdings PLC now owns 13,681 shares of the company's stock worth $315,000 after buying an additional 1,727 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Option Care Health by 174.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,142 shares of the company's stock worth $258,000 after acquiring an additional 7,082 shares during the period. 98.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Michael Bavaro sold 30,996 shares of the stock in a transaction that occurred 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 $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 available through this link. 0.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OPCH. Bank of America raised Option Care Health from a "neutral" rating to a "buy" rating and increased their price target for the stock from $26.00 to $33.00 in a research note on Monday, January 13th. JMP Securities restated a "market outperform" rating and issued a $36.00 price objective on shares of Option Care Health in a report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their target price on Option Care Health from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. Jefferies Financial Group raised Option Care Health from a "hold" rating to a "buy" rating and increased their price objective for the stock from $26.00 to $35.00 in a research note on Thursday, January 23rd. Finally, Barrington Research reissued an "outperform" rating and issued a $38.00 price objective on shares of Option Care Health in a research note on Monday, April 21st. Two 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 currently has an average rating of "Moderate Buy" and a consensus price target of $33.75.

Option Care Health Stock Down 6.9 %

Shares of NASDAQ OPCH traded down $2.28 during mid-day trading on Tuesday, reaching $30.69. 6,223,955 shares of the company traded hands, compared to its average volume of 1,799,880. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.32 and a current ratio of 1.73. The stock has a market cap of $5.04 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 2.30 and a beta of 1.07. The company's fifty day moving average is $33.34 and its two-hundred day moving average is $28.79. Option Care Health, Inc. has a fifty-two week low of $21.39 and a fifty-two week high of $35.53.

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.