Assenagon Asset Management S.A. Cuts Stock Position in Option Care Health, Inc. (NASDAQ:OPCH)

Assenagon Asset Management S.A. decreased its position in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 84.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,004 shares of the company's stock after selling 693,923 shares during the quarter. Assenagon Asset Management S.A. owned 0.07% of Option Care Health worth $4,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Park Place Capital Corp lifted its holdings in shares of Option Care Health by 48.4% in the 1st quarter. Park Place Capital Corp now owns 1,140 shares of the company's stock valued at $38,000 after acquiring an additional 372 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of Option Care Health by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 43,459 shares of the company's stock worth $1,458,000 after purchasing an additional 1,000 shares during the period. Norden Group LLC increased its position in shares of Option Care Health by 1,043.1% during the 1st quarter. Norden Group LLC now owns 121,592 shares of the company's stock valued at $4,078,000 after purchasing an additional 110,955 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in Option Care Health during the 1st quarter valued at $307,000. Finally, FORA Capital LLC lifted its position in Option Care Health by 109.7% in the first quarter. FORA Capital LLC now owns 23,011 shares of the company's stock worth $772,000 after buying an additional 12,037 shares during the last quarter. 98.05% of the stock is owned by hedge funds and other institutional investors.

Option Care Health Stock Down 20.5 %

OPCH traded down $6.26 during trading on Wednesday, hitting $24.24. The stock had a trading volume of 5,756,775 shares, compared to its average volume of 1,413,148. The stock has a 50 day simple moving average of $30.96 and a two-hundred day simple moving average of $30.06. The company has a market capitalization of $4.15 billion, a PE ratio of 21.01, a PEG ratio of 2.31 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.76. Option Care Health, Inc. has a twelve month low of $23.42 and a twelve month high of $34.63.

Option Care Health (NASDAQ:OPCH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.03. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. Option Care Health had a return on equity of 14.82% and a net margin of 4.60%. The company's revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 earnings per share. On average, research analysts predict that Option Care Health, Inc. will post 1.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JMP Securities increased their price target on Option Care Health from $36.00 to $37.00 and gave the stock a "market outperform" rating in a report on Monday, September 30th. Barrington Research reaffirmed an "outperform" rating and set a $40.00 price target on shares of Option Care Health in a research note on Wednesday, October 23rd.

Insider Activity at Option Care Health

In related news, Director Elizabeth Quadros Betten sold 47,531 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $31.09, for a total value of $1,477,738.79. Following the transaction, the director now owns 21,339 shares in the company, valued at approximately $663,429.51. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Michael H. Shapiro sold 23,217 shares of the business's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $30.95, for a total value of $718,566.15. Following the completion of the transaction, the chief financial officer now directly owns 247,317 shares in the company, valued at $7,654,461.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Elizabeth Quadros Betten sold 47,531 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $31.09, for a total transaction of $1,477,738.79. Following the sale, the director now directly owns 21,339 shares in the company, valued at $663,429.51. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.64% of the stock is owned by insiders.

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.