Option Care Health, Inc. (NASDAQ:OPCH) Shares Purchased by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. grew its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 108.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,818 shares of the company's stock after acquiring an additional 25,905 shares during the period. Global Alpha Capital Management Ltd.'s holdings in Option Care Health were worth $1,559,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. UMB Bank n.a. raised its holdings in shares of Option Care Health by 937.5% in the third quarter. UMB Bank n.a. now owns 830 shares of the company's stock valued at $26,000 after purchasing an additional 750 shares during the last quarter. GAMMA Investing LLC grew its position in Option Care Health by 110.6% in the third quarter. GAMMA Investing LLC now owns 897 shares of the company's stock worth $28,000 after acquiring an additional 471 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Option Care Health by 3,362.8% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,489 shares of the company's stock valued at $47,000 after purchasing an additional 1,446 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Option Care Health by 3,029.7% during the third quarter. International Assets Investment Management LLC now owns 2,848 shares of the company's stock worth $91,000 after purchasing an additional 2,757 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Option Care Health by 14.8% in the 2nd quarter. Blue Trust Inc. now owns 2,931 shares of the company's stock worth $81,000 after purchasing an additional 377 shares in the last quarter. Institutional investors and hedge funds own 98.05% of the company's stock.

Insider Buying and Selling

In other Option Care Health news, CFO Michael H. Shapiro sold 23,217 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $30.95, for a total transaction of $718,566.15. Following the completion of the sale, the chief financial officer now directly owns 247,317 shares of the company's stock, valued at approximately $7,654,461.15. This represents a 8.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Harry M. Jansen Kraemer, Jr. bought 43,000 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average cost of $22.54 per share, with a total value of $969,220.00. Following the transaction, the director now directly owns 326,334 shares of the company's stock, valued at $7,355,568.36. The trade was a 15.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.64% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OPCH. Bank of America cut Option Care Health from a "buy" rating to a "neutral" rating and dropped their target price for the company from $43.00 to $29.00 in a report on Wednesday, October 30th. JMP Securities upped their target price on shares of Option Care Health from $36.00 to $37.00 and gave the stock a "market outperform" rating in a research report on Monday, September 30th. Jefferies Financial Group lowered 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 research report on Thursday, October 31st. Truist Financial lowered their price target on Option Care Health from $41.00 to $34.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Finally, The Goldman Sachs Group lowered shares of Option Care Health from a "buy" rating to a "neutral" rating and decreased their target price for the company from $38.00 to $27.00 in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $30.83.

Option Care Health Price Performance

OPCH stock traded up $0.06 during trading on Wednesday, reaching $21.88. The company's stock had a trading volume of 2,327,161 shares, compared to its average volume of 1,537,458. The company has a quick ratio of 1.32, a current ratio of 1.73 and a debt-to-equity ratio of 0.77. Option Care Health, Inc. has a 1 year low of $21.39 and a 1 year high of $34.63. The company's fifty day moving average is $28.20 and its 200-day moving average is $29.26. The company has a market capitalization of $3.72 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 2.27 and a beta of 1.32.

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.