FORA Capital LLC Makes New Investment in Option Care Health, Inc. (NASDAQ:OPCH)

FORA Capital LLC purchased a new position in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 37,630 shares of the company's stock, valued at approximately $1,178,000.

A number of other hedge funds have also recently made changes to their positions in OPCH. CreativeOne Wealth LLC raised its stake in Option Care Health by 21.9% during the third quarter. CreativeOne Wealth LLC now owns 14,380 shares of the company's stock valued at $450,000 after buying an additional 2,585 shares during the last quarter. Townsquare Capital LLC raised its position in shares of Option Care Health by 6.2% in the 3rd quarter. Townsquare Capital LLC now owns 72,675 shares of the company's stock worth $2,275,000 after purchasing an additional 4,258 shares during the last quarter. Advantage Alpha Capital Partners LP bought a new position in Option Care Health in the 3rd quarter worth about $2,974,000. FMR LLC grew its position in Option Care Health by 134.0% during the 3rd quarter. FMR LLC now owns 7,516,448 shares of the company's stock valued at $235,265,000 after purchasing an additional 4,304,896 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Option Care Health during the 3rd quarter valued at about $701,000. 98.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Option Care Health

In other Option Care Health news, Director Harry M. Jansen Kraemer, Jr. acquired 43,000 shares of the business's stock in a transaction dated Friday, November 8th. The stock was purchased at an average price of $22.54 per share, with a total value of $969,220.00. Following the transaction, the director now directly owns 326,334 shares in the company, valued at approximately $7,355,568.36. The trade was a 15.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.64% of the company's stock.

Option Care Health Stock Performance

Shares of NASDAQ OPCH traded up $0.02 during midday trading on Thursday, hitting $23.76. 3,574,851 shares of the stock traded hands, compared to its average volume of 1,553,206. The firm has a market capitalization of $4.04 billion, a P/E ratio of 19.97, a PEG ratio of 2.42 and a beta of 1.32. Option Care Health, Inc. has a one year low of $21.39 and a one year high of $34.63. 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 firm has a 50-day moving average of $27.16 and a two-hundred day moving average of $28.96.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Bank of America downgraded shares of Option Care Health from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $43.00 to $29.00 in a research note on Wednesday, October 30th. JMP Securities upped their price objective on Option Care Health from $36.00 to $37.00 and gave the company a "market outperform" rating in a research report on Monday, September 30th. The Goldman Sachs Group lowered Option Care Health from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $38.00 to $27.00 in a report on Monday, November 4th. Barrington Research lowered their price target on Option Care Health from $40.00 to $32.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Finally, Truist Financial dropped their price objective on Option Care Health from $41.00 to $34.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $30.83.

About Option Care Health

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.