California Public Employees Retirement System Trims Stake in Option Care Health, Inc. (NASDAQ:OPCH)

California Public Employees Retirement System lessened its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 24.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 229,792 shares of the company's stock after selling 72,802 shares during the period. California Public Employees Retirement System owned 0.14% of Option Care Health worth $5,331,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in OPCH. Arrowstreet Capital Limited Partnership increased its position in Option Care Health by 121.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 142,441 shares of the company's stock worth $3,305,000 after purchasing an additional 78,240 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of Option Care Health by 12.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 32,885 shares of the company's stock worth $763,000 after purchasing an additional 3,738 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Option Care Health during the 4th quarter worth about $148,000. Norges Bank acquired a new stake in shares of Option Care Health during the 4th quarter valued at about $60,219,000. Finally, Loomis Sayles & Co. L P raised its position in shares of Option Care Health by 2.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,050,549 shares of the company's stock valued at $24,372,000 after purchasing an additional 28,790 shares during the period. 98.05% of the stock is owned by institutional investors and hedge funds.

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Option Care Health Trading Up 0.8 %

OPCH traded up $0.24 during trading on Monday, hitting $31.79. 86,313 shares of the stock traded hands, compared to its average volume of 1,771,602. 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 $5.22 billion, a P/E ratio of 26.69, a price-to-earnings-growth ratio of 2.30 and a beta of 1.07. The firm has a 50-day moving average of $33.24 and a 200 day moving average of $28.58.

Insider Activity

In related news, insider Michael Bavaro sold 30,996 shares of the stock in a transaction dated 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

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

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.