Massachusetts Financial Services Co. MA Has $78.84 Million Position in Option Care Health, Inc. (NASDAQ:OPCH)

Massachusetts Financial Services Co. MA raised its position in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,518,923 shares of the company's stock after purchasing an additional 63,955 shares during the period. Massachusetts Financial Services Co. MA owned 1.48% of Option Care Health worth $78,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its position in shares of Option Care Health by 4,432.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,621,593 shares of the company's stock valued at $50,756,000 after buying an additional 1,585,818 shares during the last quarter. Magnetar Financial LLC lifted its stake in shares of Option Care Health by 124.8% in the 2nd quarter. Magnetar Financial LLC now owns 2,481,935 shares of the company's stock worth $68,750,000 after acquiring an additional 1,377,929 shares during the period. Duquesne Family Office LLC lifted its stake in shares of Option Care Health by 172.8% in the 2nd quarter. Duquesne Family Office LLC now owns 1,871,818 shares of the company's stock worth $51,849,000 after acquiring an additional 1,185,613 shares during the period. Geneva Capital Management LLC acquired a new stake in shares of Option Care Health in the 3rd quarter worth $24,679,000. Finally, Hood River Capital Management LLC lifted its stake in shares of Option Care Health by 77.2% in the 2nd quarter. Hood River Capital Management LLC now owns 1,729,029 shares of the company's stock worth $47,894,000 after acquiring an additional 753,208 shares during the period. 98.05% of the stock is owned by hedge funds and other institutional investors.

Option Care Health Stock Up 1.3 %

Shares of NASDAQ:OPCH traded up $0.30 during midday trading on Monday, reaching $23.43. The company had a trading volume of 523,830 shares, compared to its average volume of 1,536,739. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.73 and a quick ratio of 1.32. The stock's fifty day moving average price is $27.62 and its 200-day moving average price is $29.09. The stock has a market capitalization of $3.99 billion, a P/E ratio of 19.44, a PEG ratio of 2.39 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.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OPCH shares. The Goldman Sachs Group cut shares of Option Care Health from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $38.00 to $27.00 in a research note on Monday, November 4th. Bank of America downgraded shares of Option Care Health from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $43.00 to $29.00 in a report on Wednesday, October 30th. Barrington Research lowered their price target on shares of Option Care Health from $40.00 to $32.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Jefferies Financial Group downgraded shares of Option Care Health from a "buy" rating to a "hold" rating and lowered their price target for the stock from $38.00 to $26.00 in a report on Thursday, October 31st. Finally, JMP Securities boosted their target price on shares of Option Care Health from $36.00 to $37.00 and gave the company a "market outperform" rating in a report on Monday, September 30th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $30.83.

Insider Buying and Selling at Option Care Health

In related news, Director Harry M. Jansen Kraemer, Jr. acquired 43,000 shares of Option Care Health stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average price of $22.54 per share, with a total value of $969,220.00. Following the completion of the acquisition, the director now directly owns 326,334 shares of the company's stock, valued at $7,355,568.36. This trade represents a 15.18 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is owned by insiders.

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.