HighTower Advisors LLC Purchases 67,021 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

HighTower Advisors LLC lifted its holdings in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 468,082 shares of the company's stock after buying an additional 67,021 shares during the period. HighTower Advisors LLC owned about 0.28% of Option Care Health worth $10,860,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of OPCH. FMR LLC boosted its position in shares of Option Care Health by 134.0% in the third quarter. FMR LLC now owns 7,516,448 shares of the company's stock worth $235,265,000 after buying an additional 4,304,896 shares during the period. Wellington Management Group LLP boosted its position in Option Care Health by 15.5% during the third quarter. Wellington Management Group LLP now owns 9,924,915 shares of the company's stock valued at $310,650,000 after purchasing an additional 1,328,326 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in Option Care Health by 10.2% during the third quarter. Westfield Capital Management Co. LP now owns 6,492,152 shares of the company's stock valued at $203,204,000 after purchasing an additional 599,589 shares during the last quarter. Victory Capital Management Inc. boosted its position in Option Care Health by 31.1% during the fourth quarter. Victory Capital Management Inc. now owns 2,125,433 shares of the company's stock valued at $49,310,000 after purchasing an additional 503,840 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Option Care Health by 7.4% during the third quarter. Thrivent Financial for Lutherans now owns 5,863,930 shares of the company's stock valued at $183,541,000 after purchasing an additional 404,811 shares during the last quarter. Institutional investors and hedge funds own 98.05% of the company's stock.

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Option Care Health Stock Performance

Shares of Option Care Health stock traded down $0.23 during trading on Thursday, reaching $34.29. The company's stock had a trading volume of 1,803,896 shares, compared to its average volume of 1,626,420. 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 business's fifty day moving average price is $31.43 and its 200-day moving average price is $28.29. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth ratio of 2.30 and a beta of 1.33. Option Care Health, Inc. has a one year low of $21.39 and a one year high of $35.00.

Analyst Ratings Changes

OPCH has been the subject of a number of research reports. Jefferies Financial Group raised Option Care Health from a "hold" rating to a "buy" rating and lifted their price objective for the company from $26.00 to $35.00 in a research report on Thursday, January 23rd. Bank of America upgraded Option Care Health from a "neutral" rating to a "buy" rating and raised their target price for the company from $26.00 to $33.00 in a report on Monday, January 13th. UBS Group initiated coverage on Option Care Health in a report on Thursday, December 5th. They set a "neutral" rating and a $26.00 target price on the stock. JPMorgan Chase & Co. raised their target price on Option Care Health from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. Finally, JMP Securities restated a "market outperform" rating and set a $30.00 target price (down from $31.00) on shares of Option Care Health in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $33.00.

Insider Transactions at Option Care Health

In other news, insider Michael Bavaro sold 30,996 shares of Option Care Health stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $33.26, for a total value of $1,030,926.96. Following the transaction, the insider now directly owns 44,974 shares in the company, valued at approximately $1,495,835.24. The trade was a 40.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

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.