Teachers Retirement System of The State of Kentucky reduced its position in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 375,808 shares of the company's stock after selling 15,113 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.22% of Option Care Health worth $8,718,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new position in Option Care Health in the fourth quarter valued at $26,000. UMB Bank n.a. raised its position in Option Care Health by 41.7% in the 4th quarter. UMB Bank n.a. now owns 1,176 shares of the company's stock valued at $27,000 after purchasing an additional 346 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Option Care Health by 487.9% in the 4th quarter. Signaturefd LLC now owns 1,211 shares of the company's stock valued at $28,000 after buying an additional 1,005 shares during the period. Quadrant Capital Group LLC grew its position in shares of Option Care Health by 172.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,735 shares of the company's stock worth $40,000 after buying an additional 1,099 shares in the last quarter. Finally, Sterling Capital Management LLC increased its stake in shares of Option Care Health by 638.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,954 shares of the company's stock worth $69,000 after buying an additional 2,554 shares during the period. 98.05% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Option Care Health
In related news, insider Michael Bavaro sold 30,996 shares of Option Care Health stock in a transaction on Friday, February 28th. The shares were 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 $1,495,835.24. This trade represents a 40.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.64% of the company's stock.
Analyst Ratings Changes
OPCH has been the subject of several analyst reports. Bank of America upgraded shares of Option Care Health from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $26.00 to $33.00 in a report on Monday, January 13th. JMP Securities reissued a "market outperform" rating and issued a $36.00 target price on shares of Option Care Health in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on Option Care Health from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Thursday, March 6th. Barrington Research reaffirmed an "outperform" rating and set a $38.00 price objective on shares of Option Care Health in a research report on Monday. Finally, Jefferies Financial Group upgraded Option Care Health from a "hold" rating to a "buy" rating and boosted their target price for the stock from $26.00 to $35.00 in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $33.75.
Check Out Our Latest Stock Report on OPCH
Option Care Health Stock Performance
Shares of Option Care Health stock traded up $0.07 during trading on Thursday, reaching $32.18. The company's stock had a trading volume of 1,703,635 shares, compared to its average volume of 1,779,448. Option Care Health, Inc. has a fifty-two week low of $21.39 and a fifty-two week 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 cap of $5.29 billion, a PE ratio of 27.04, a P/E/G ratio of 2.30 and a beta of 1.07. The company has a 50-day moving average price of $33.34 and a two-hundred day moving average price of $28.73.
About Option Care Health
(
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.
Featured Stories
Before you consider Option Care Health, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Option Care Health wasn't on the list.
While Option Care Health currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
