77,162 Shares in Option Care Health, Inc. (NASDAQ:OPCH) Bought by Jump Financial LLC

Jump Financial LLC purchased a new position in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 77,162 shares of the company's stock, valued at approximately $1,790,000.

A number of other institutional investors have also added to or reduced their stakes in OPCH. Murphy & Mullick Capital Management Corp purchased a new stake in Option Care Health during the fourth quarter valued at about $26,000. UMB Bank n.a. grew its holdings in Option Care Health by 41.7% in the fourth quarter. UMB Bank n.a. now owns 1,176 shares of the company's stock worth $27,000 after purchasing an additional 346 shares during the period. Signaturefd LLC grew its holdings in Option Care Health by 487.9% in the fourth quarter. Signaturefd LLC now owns 1,211 shares of the company's stock worth $28,000 after purchasing an additional 1,005 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Option Care Health by 172.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,735 shares of the company's stock valued at $40,000 after buying an additional 1,099 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in Option Care Health by 638.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,954 shares of the company's stock valued at $69,000 after purchasing an additional 2,554 shares during the period. 98.05% of the stock is owned by institutional investors and hedge funds.

Option Care Health Stock Performance

Shares of OPCH traded up $0.18 during trading hours on Thursday, reaching $32.29. 792,013 shares of the company's stock traded hands, compared to its average volume of 1,780,188. The business's fifty day simple moving average is $33.33 and its two-hundred day simple moving average is $28.70. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 2.30 and a beta of 1.07. Option Care Health, Inc. has a twelve month low of $21.39 and a twelve month high of $35.53. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.73 and a quick ratio of 1.32.

Insider Activity

In other news, insider Michael Bavaro sold 30,996 shares of the firm's 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 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 trade represents a 40.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on OPCH shares. Jefferies Financial Group upgraded shares of Option Care Health from a "hold" rating to a "buy" rating and increased their price target for the stock from $26.00 to $35.00 in a research report on Thursday, January 23rd. Barrington Research reiterated an "outperform" rating and issued a $38.00 price target on shares of Option Care Health in a report on Monday. JPMorgan Chase & Co. increased their price objective on Option Care Health from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Thursday, March 6th. JMP Securities reissued a "market outperform" rating and issued a $36.00 price objective on shares of Option Care Health in a research report on Tuesday. Finally, Bank of America upgraded Option Care Health from a "neutral" rating to a "buy" rating and lifted their price target for the company from $26.00 to $33.00 in a research report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.75.

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.