Retirement Systems of Alabama decreased its holdings in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 61.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 207,753 shares of the company's stock after selling 329,677 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Option Care Health worth $6,503,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of OPCH. UMB Bank n.a. boosted its stake in Option Care Health by 937.5% during the 3rd quarter. UMB Bank n.a. now owns 830 shares of the company's stock valued at $26,000 after acquiring an additional 750 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Option Care Health by 110.6% during the third quarter. GAMMA Investing LLC now owns 897 shares of the company's stock worth $28,000 after purchasing an additional 471 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of 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 worth $47,000 after purchasing an additional 1,446 shares during the last quarter. International Assets Investment Management LLC grew its stake in Option Care Health by 3,029.7% in 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 in the last quarter. Finally, Blue Trust Inc. increased its holdings in Option Care Health by 14.8% in the second quarter. Blue Trust Inc. now owns 2,931 shares of the company's stock valued at $81,000 after buying an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 98.05% of the company's stock.
Option Care Health Stock Performance
Shares of OPCH traded down $0.17 during midday trading on Thursday, hitting $22.61. 1,674,192 shares of the stock traded hands, compared to its average volume of 1,572,313. The business's 50 day moving average price is $24.96 and its two-hundred day moving average price is $28.29. The firm has a market capitalization of $3.85 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33. 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 1-year low of $21.39 and a 1-year high of $34.63.
Insider Buying and Selling at Option Care Health
In related news, Director Harry M. Jansen Kraemer, Jr. purchased 43,000 shares of the company's stock in a transaction on Friday, November 8th. The shares were bought at an average cost of $22.54 per share, for a total transaction of $969,220.00. Following the transaction, the director now owns 326,334 shares of the company's stock, valued at $7,355,568.36. This represents a 15.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.64% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of research analysts have commented on the company. UBS Group assumed 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. Jefferies Financial Group cut Option Care Health from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $38.00 to $26.00 in a research note on Thursday, October 31st. Barrington Research decreased their price objective 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. Truist Financial dropped their target price on shares of 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, JMP Securities lifted their price target 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $30.14.
Check Out Our Latest Research Report on OPCH
Option Care Health Profile
(
Free Report)
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.
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