SG Americas Securities LLC Acquires 13,779 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

SG Americas Securities LLC lifted its stake in shares of Option Care Health, Inc. (NASDAQ:OPCHGet Rating) by 107.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,635 shares of the company’s stock after buying an additional 13,779 shares during the period. SG Americas Securities LLC’s holdings in Option Care Health were worth $761,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Hillsdale Investment Management Inc. increased its holdings in shares of Option Care Health by 4.1% during the first quarter. Hillsdale Investment Management Inc. now owns 241,800 shares of the company’s stock worth $6,906,000 after buying an additional 9,500 shares in the last quarter. Comerica Bank increased its holdings in shares of Option Care Health by 1.1% during the first quarter. Comerica Bank now owns 64,017 shares of the company’s stock worth $1,924,000 after buying an additional 690 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Option Care Health by 2.0% during the first quarter. Louisiana State Employees Retirement System now owns 36,300 shares of the company’s stock worth $1,091,000 after buying an additional 700 shares in the last quarter. Strs Ohio increased its holdings in shares of Option Care Health by 15.7% during the first quarter. Strs Ohio now owns 44,900 shares of the company’s stock worth $1,282,000 after buying an additional 6,100 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Option Care Health by 13.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,268 shares of the company’s stock worth $493,000 after buying an additional 2,009 shares in the last quarter. 98.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OPCH. TheStreet upgraded shares of Option Care Health from a “c+” rating to a “b” rating in a report on Monday, June 6th. Lake Street Capital increased their price objective on Option Care Health from $35.00 to $45.00 in a report on Thursday, July 28th. Barrington Research increased their price objective on Option Care Health from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, July 28th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Option Care Health from $32.00 to $39.00 in a report on Friday, April 29th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $36.25.

Option Care Health Stock Performance

Shares of Option Care Health stock opened at $33.86 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average price of $29.46 and a two-hundred day moving average price of $27.48. Option Care Health, Inc. has a 1-year low of $20.20 and a 1-year high of $34.26. The company has a market cap of $6.10 billion, a P/E ratio of 34.91, a PEG ratio of 3.15 and a beta of 1.32.

Option Care Health (NASDAQ:OPCHGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). Option Care Health had a return on equity of 12.11% and a net margin of 4.71%. The business had revenue of $980.80 million for the quarter, compared to analyst estimates of $940.93 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. As a group, analysts anticipate that Option Care Health, Inc. will post 0.78 EPS for the current year.

Insiders Place Their Bets

In other Option Care Health news, COO Harriet Booker sold 6,000 shares of the stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $28.81, for a total transaction of $172,860.00. Following the completion of the sale, the chief operating officer now directly owns 81,511 shares in the company, valued at approximately $2,348,331.91. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, COO Harriet Booker sold 6,000 shares of the stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $28.81, for a total transaction of $172,860.00. Following the transaction, the chief operating officer now owns 81,511 shares of the company’s stock, valued at approximately $2,348,331.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R Carter Pate sold 1,923 shares of the stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $30.00, for a total transaction of $57,690.00. Following the transaction, the director now directly owns 101,304 shares in the company, valued at approximately $3,039,120. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,846 shares of company stock worth $470,778. Company insiders own 0.22% of the company’s stock.

Option Care Health Company Profile

(Get Rating)

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.

Read More

Want to see what other hedge funds are holding OPCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Option Care Health, Inc. (NASDAQ:OPCHGet Rating).

Institutional Ownership by Quarter for Option Care Health (NASDAQ:OPCH)

Want More Great Investing Ideas?

Receive News & Ratings for Option Care Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Option Care Health and related companies with MarketBeat.com's FREE daily email newsletter.