Wellington Management Group LLP Buys 1,328,326 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Wellington Management Group LLP increased its stake in Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 15.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,924,915 shares of the company's stock after purchasing an additional 1,328,326 shares during the period. Wellington Management Group LLP owned 5.83% of Option Care Health worth $310,650,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OPCH. Westfield Capital Management Co. LP grew its position in shares of Option Care Health by 10.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 6,492,152 shares of the company's stock worth $203,204,000 after buying an additional 599,589 shares during the period. Global Alpha Capital Management Ltd. grew its holdings in Option Care Health by 108.3% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 49,818 shares of the company's stock worth $1,559,000 after acquiring an additional 25,905 shares during the period. Victory Capital Management Inc. raised its position in shares of Option Care Health by 4,432.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,621,593 shares of the company's stock valued at $50,756,000 after acquiring an additional 1,585,818 shares during the last quarter. Edgestream Partners L.P. lifted its stake in shares of Option Care Health by 96.8% in the 2nd quarter. Edgestream Partners L.P. now owns 351,476 shares of the company's stock valued at $9,736,000 after purchasing an additional 172,845 shares during the period. Finally, Geneva Capital Management LLC bought a new position in shares of Option Care Health in the 3rd quarter worth $24,679,000. Institutional investors and hedge funds own 98.05% of the company's stock.

Wall Street Analysts Forecast Growth

OPCH has been the topic of several analyst reports. The Goldman Sachs Group lowered Option Care Health from a "buy" rating to a "neutral" rating and cut their target price for the company from $38.00 to $27.00 in a research note on Monday, November 4th. 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 reduced their price target on shares of Option Care Health from $41.00 to $34.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Jefferies Financial Group cut shares of Option Care Health from a "buy" rating to a "hold" rating and lowered their price objective for the company from $38.00 to $26.00 in a research report on Thursday, October 31st. Finally, UBS Group assumed coverage on Option Care Health in a report on Thursday. They issued a "neutral" rating and a $26.00 price target for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Option Care Health presently has an average rating of "Hold" and an average target price of $30.14.

Insider Activity at Option Care Health

In related news, Director Harry M. Jansen Kraemer, Jr. purchased 43,000 shares of the stock in a transaction on Friday, November 8th. The shares were purchased at an average price 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. This trade represents a 15.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is owned by insiders.

Option Care Health Stock Up 0.6 %

Shares of NASDAQ OPCH traded up $0.13 during midday trading on Friday, reaching $22.85. The company's stock had a trading volume of 1,166,475 shares, compared to its average volume of 2,120,894. The stock has a 50 day simple moving average of $26.04 and a 200-day simple moving average of $28.66. 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 stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.45 and a beta of 1.33. Option Care Health, Inc. has a fifty-two week low of $21.39 and a fifty-two week high of $34.63.

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.