Option Care Health, Inc. (NASDAQ:OPCH) Stake Lessened by American International Group Inc.

American International Group Inc. trimmed its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCHFree Report) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 321,169 shares of the company’s stock after selling 15,682 shares during the period. American International Group Inc. owned approximately 0.18% of Option Care Health worth $10,820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of OPCH. Nicholas Company Inc. increased its holdings in shares of Option Care Health by 11.9% in the 4th quarter. Nicholas Company Inc. now owns 203,690 shares of the company’s stock valued at $6,862,000 after purchasing an additional 21,690 shares during the period. RK Capital Management LLC grew its position in Option Care Health by 3.9% during the fourth quarter. RK Capital Management LLC now owns 256,200 shares of the company’s stock valued at $8,631,000 after purchasing an additional 9,500 shares in the last quarter. NEOS Investment Management LLC acquired a new position in Option Care Health in the 4th quarter valued at approximately $258,000. The Manufacturers Life Insurance Company lifted its position in Option Care Health by 0.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,386,537 shares of the company’s stock worth $46,712,000 after buying an additional 10,056 shares in the last quarter. Finally, Axiom Investors LLC DE boosted its stake in shares of Option Care Health by 141.1% during the 4th quarter. Axiom Investors LLC DE now owns 394,125 shares of the company’s stock valued at $13,278,000 after buying an additional 230,650 shares during the period. 98.05% of the stock is owned by hedge funds and other institutional investors.

Option Care Health Trading Up 0.3 %

Option Care Health stock opened at $29.19 on Friday. Option Care Health, Inc. has a one year low of $26.17 and a one year high of $35.74. The company’s fifty day moving average price is $30.26 and its two-hundred day moving average price is $31.46. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.77 and a quick ratio of 1.39. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 1.41 and a beta of 1.31.

Option Care Health (NASDAQ:OPCHGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Option Care Health had a return on equity of 18.92% and a net margin of 6.15%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts forecast that Option Care Health, Inc. will post 1.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OPCH. Barrington Research reaffirmed an “outperform” rating and issued a $38.00 price target on shares of Option Care Health in a research note on Wednesday, April 24th. Jefferies Financial Group upped their target price on Option Care Health from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, March 4th.

Check Out Our Latest Stock Analysis on Option Care Health

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.

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

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