Bridges Investment Management Inc. Has $487,000 Stock Holdings in Option Care Health, Inc. (NASDAQ:OPCH)

Bridges Investment Management Inc. raised its stake in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 87.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 21,012 shares of the company's stock after buying an additional 9,822 shares during the period. Bridges Investment Management Inc.'s holdings in Option Care Health were worth $487,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. UMB Bank n.a. raised its holdings in shares of Option Care Health by 41.7% during the fourth quarter. UMB Bank n.a. now owns 1,176 shares of the company's stock valued at $27,000 after acquiring an additional 346 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Option Care Health by 3,029.7% during the third quarter. International Assets Investment Management LLC now owns 2,848 shares of the company's stock valued at $91,000 after acquiring an additional 2,757 shares during the last quarter. Quarry LP raised its holdings in shares of Option Care Health by 327.7% during the third quarter. Quarry LP now owns 3,430 shares of the company's stock valued at $107,000 after acquiring an additional 2,628 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Option Care Health by 16.9% during the fourth quarter. Blue Trust Inc. now owns 4,703 shares of the company's stock valued at $109,000 after acquiring an additional 681 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Option Care Health by 2,621.3% during the fourth quarter. Venturi Wealth Management LLC now owns 4,735 shares of the company's stock valued at $110,000 after acquiring an additional 4,561 shares during the last quarter. Hedge funds and other institutional investors own 98.05% of the company's stock.

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Insider Transactions at Option Care Health

In other Option Care Health news, insider Michael Bavaro sold 30,996 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $33.26, for a total transaction of $1,030,926.96. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

OPCH has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Option Care Health from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Thursday. Jefferies Financial Group upgraded Option Care Health from a "hold" rating to a "buy" rating and upped their price target for the company from $26.00 to $35.00 in a research report on Thursday, January 23rd. JMP Securities restated a "market outperform" rating and issued a $30.00 price target (down from $31.00) on shares of Option Care Health in a research report on Friday, January 10th. Barrington Research upped their price target 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 upped their price target for the company from $26.00 to $33.00 in a research report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Option Care Health presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.00.

Option Care Health Price Performance

Shares of NASDAQ OPCH traded down $0.05 during midday trading on Thursday, hitting $34.55. The company had a trading volume of 644,984 shares, compared to its average volume of 1,584,527. The company has a quick ratio of 1.32, a current ratio of 1.73 and a debt-to-equity ratio of 0.77. Option Care Health, Inc. has a twelve month low of $21.39 and a twelve month high of $34.85. The business has a 50-day simple moving average of $29.38 and a two-hundred day simple moving average of $28.14. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 2.30 and a beta of 1.33.

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.