Teacher Retirement System of Texas lowered its position in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 54.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,213 shares of the company's stock after selling 75,850 shares during the quarter. Teacher Retirement System of Texas' holdings in Option Care Health were worth $1,443,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. FMR LLC boosted its holdings in Option Care Health by 134.0% during the third quarter. FMR LLC now owns 7,516,448 shares of the company's stock worth $235,265,000 after purchasing an additional 4,304,896 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Option Care Health by 15.5% in the 3rd quarter. Wellington Management Group LLP now owns 9,924,915 shares of the company's stock valued at $310,650,000 after acquiring an additional 1,328,326 shares in the last quarter. Victory Capital Management Inc. raised its holdings 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 worth $49,310,000 after acquiring an additional 503,840 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Option Care Health during the fourth quarter valued at approximately $6,932,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Option Care Health by 171.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 394,019 shares of the company's stock valued at $9,141,000 after purchasing an additional 248,762 shares in the last quarter. 98.05% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, insider Michael Bavaro sold 30,996 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $33.26, for a total transaction of $1,030,926.96. Following the transaction, the insider now directly owns 44,974 shares of the company's stock, valued at approximately $1,495,835.24. This trade represents a 40.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.64% of the stock is owned by insiders.
Option Care Health Stock Performance
OPCH stock traded up $0.22 during trading hours on Monday, hitting $34.95. 1,527,150 shares of the stock were exchanged, compared to its average volume of 1,713,078. Option Care Health, Inc. has a 12 month low of $21.39 and a 12 month high of $35.53. The company has a current ratio of 1.73, a quick ratio of 1.32 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $5.74 billion, a P/E ratio of 29.37, a P/E/G ratio of 2.30 and a beta of 1.33. The company has a 50-day simple moving average of $32.47 and a two-hundred day simple moving average of $28.38.
Analyst Ratings Changes
OPCH has been the subject of several recent analyst reports. Bank of America raised Option Care Health from a "neutral" rating to a "buy" rating and increased their price objective for the company from $26.00 to $33.00 in a report on Monday, January 13th. Jefferies Financial Group upgraded shares of Option Care Health from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $26.00 to $35.00 in a research note on Thursday, January 23rd. UBS Group initiated coverage on Option Care Health in a report on Thursday, December 5th. They set a "neutral" rating and a $26.00 price target for the company. Barrington Research raised their price objective on Option Care Health from $33.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, JMP Securities reissued 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.00.
Get Our Latest Analysis on Option Care Health
Option Care Health Company 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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