Charles Schwab Investment Management Inc. Has $73.96 Million Holdings in Option Care Health, Inc. (NASDAQ:OPCH)

Charles Schwab Investment Management Inc. trimmed its position in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,363,077 shares of the company's stock after selling 45,826 shares during the period. Charles Schwab Investment Management Inc. owned about 1.39% of Option Care Health worth $73,964,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Option Care Health by 2.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,518,923 shares of the company's stock worth $78,842,000 after buying an additional 63,955 shares during the period. Intech Investment Management LLC lifted its holdings in Option Care Health by 72.4% during the 3rd quarter. Intech Investment Management LLC now owns 63,113 shares of the company's stock valued at $1,975,000 after purchasing an additional 26,513 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Option Care Health by 438.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,257 shares of the company's stock valued at $4,547,000 after acquiring an additional 118,292 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its stake in Option Care Health by 108.3% in the third quarter. Global Alpha Capital Management Ltd. now owns 49,818 shares of the company's stock worth $1,559,000 after purchasing an additional 25,905 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in Option Care Health by 26.6% during the 3rd quarter. Jennison Associates LLC now owns 472,274 shares of the company's stock worth $14,782,000 after acquiring an additional 99,139 shares during the last quarter. 98.05% of the stock is currently owned by institutional investors and hedge funds.

Option Care Health Stock Performance

Shares of OPCH stock traded up $0.04 during midday trading on Friday, hitting $23.80. 792,365 shares of the company were exchanged, compared to its average volume of 1,549,915. The firm has a market capitalization of $4.05 billion, a P/E ratio of 19.97, a PEG ratio of 2.46 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.32 and a current ratio of 1.73. Option Care Health, Inc. has a 52 week low of $21.39 and a 52 week high of $34.63. The firm's 50 day moving average price is $27.00 and its two-hundred day moving average price is $28.93.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JMP Securities raised their price target on Option Care Health from $36.00 to $37.00 and gave the company a "market outperform" rating in a report on Monday, September 30th. Bank of America cut Option Care Health from a "buy" rating to a "neutral" rating and cut their price objective for the company from $43.00 to $29.00 in a report on Wednesday, October 30th. Truist Financial dropped their price target on Option Care Health from $41.00 to $34.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Barrington Research reduced their target price 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. Finally, Jefferies Financial Group downgraded Option Care Health from a "buy" rating to a "hold" rating and decreased their price target for the company from $38.00 to $26.00 in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Option Care Health has an average rating of "Moderate Buy" and a consensus price target of $30.83.

Insider Transactions 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 on 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 acquisition, the director now directly owns 326,334 shares of the company's stock, valued at approximately $7,355,568.36. This trade represents a 15.18 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.64% of the company's stock.

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.