Option Care Health, Inc. (NASDAQ:OPCH) Shares Sold by Arizona State Retirement System

Arizona State Retirement System cut its position in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,284 shares of the company’s stock after selling 900 shares during the quarter. Arizona State Retirement System’s holdings in Option Care Health were worth $1,694,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BlackRock Inc. increased its position in Option Care Health by 8.5% during the 1st quarter. BlackRock Inc. now owns 21,444,169 shares of the company’s stock worth $681,281,000 after purchasing an additional 1,671,783 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Option Care Health by 11.8% during the 3rd quarter. Vanguard Group Inc. now owns 19,319,352 shares of the company’s stock valued at $624,981,000 after acquiring an additional 2,037,162 shares in the last quarter. State Street Corp increased its holdings in Option Care Health by 1.0% in the 2nd quarter. State Street Corp now owns 5,497,168 shares of the company’s stock valued at $178,603,000 after purchasing an additional 52,404 shares in the last quarter. Third Point LLC raised its position in Option Care Health by 55.7% in the third quarter. Third Point LLC now owns 5,450,659 shares of the company’s stock valued at $176,329,000 after purchasing an additional 1,950,659 shares during the period. Finally, FMR LLC lifted its stake in shares of Option Care Health by 10.8% during the third quarter. FMR LLC now owns 3,717,299 shares of the company’s stock worth $120,255,000 after purchasing an additional 362,828 shares in the last quarter. 98.05% of the stock is currently owned by hedge funds and other institutional investors.

Option Care Health Price Performance

Shares of OPCH stock opened at $30.42 on Friday. The firm has a market cap of $5.29 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.78 and a beta of 1.22. The firm has a fifty day moving average of $32.38 and a two-hundred day moving average of $31.64. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.77 and a quick ratio of 1.33. Option Care Health, Inc. has a 1-year low of $24.23 and a 1-year high of $35.74.

Option Care Health (NASDAQ:OPCH) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. Option Care Health had a return on equity of 18.78% and a net margin of 6.21%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company earned $0.26 earnings per share. Option Care Health’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, research analysts anticipate that Option Care Health, Inc. will post 1.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Option Care Health from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Barrington Research lifted their target price on Option Care Health from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd.

Insider Activity at Option Care Health

In other Option Care Health news, Director Harry M. Jansen Kraemer, Jr. bought 35,000 shares of the stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $31.55 per share, for a total transaction of $1,104,250.00. Following the completion of the purchase, the director now directly owns 269,528 shares in the company, valued at $8,503,608.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.38% of the company’s stock.

About Option Care Health

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.