Metropolitan Life Insurance Co NY decreased its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH – Get Rating) by 84.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,734 shares of the company's stock after selling 52,197 shares during the quarter. Metropolitan Life Insurance Co NY's holdings in Option Care Health were worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in OPCH. State Street Corp lifted its holdings in Option Care Health by 8.4% during the 4th quarter. State Street Corp now owns 4,406,306 shares of the company's stock worth $125,315,000 after purchasing an additional 341,158 shares in the last quarter. Marshall Wace LLP bought a new position in Option Care Health in the fourth quarter valued at $85,991,000. Nuveen Asset Management LLC raised its position in Option Care Health by 1.8% during the fourth quarter. Nuveen Asset Management LLC now owns 2,937,263 shares of the company's stock valued at $83,536,000 after purchasing an additional 53,279 shares in the last quarter. Geode Capital Management LLC lifted its stake in Option Care Health by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 2,688,710 shares of the company's stock worth $76,466,000 after purchasing an additional 177,890 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Option Care Health by 8.2% during the 1st quarter. JPMorgan Chase & Co. now owns 2,200,320 shares of the company's stock valued at $62,840,000 after purchasing an additional 167,399 shares during the last quarter. Hedge funds and other institutional investors own 92.58% of the company's stock.
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Analyst Ratings Changes
Several analysts have issued reports on the company. Lake Street Capital upped their target price on Option Care Health from $35.00 to $45.00 in a research note on Thursday, July 28th. Barrington Research increased their target price on shares of Option Care Health from $33.00 to $37.00 and gave the company an "outperform" rating in a report on Thursday, July 28th. The Goldman Sachs Group lifted their price target on Option Care Health from $31.00 to $40.00 and gave the stock a "buy" rating in a research note on Monday, August 22nd. Finally, TheStreet upgraded shares of Option Care Health from a "c+" rating to a "b" rating in a report on Monday, June 6th.
Insider Transactions at Option Care Health
In other Option Care Health news, major shareholder Walgreens Boots Alliance, Inc. sold 11,000,000 shares of the company's stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $33.01, for a total value of $363,110,000.00. Following the sale, the insider now owns 26,247,092 shares in the company, valued at $866,416,506.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director R Carter Pate sold 1,923 shares of Option Care Health stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $33.37, for a total value of $64,170.51. Following the completion of the transaction, the director now owns 99,381 shares of the company's stock, valued at approximately $3,316,343.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Walgreens Boots Alliance, Inc. sold 11,000,000 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $33.01, for a total transaction of $363,110,000.00. Following the sale, the insider now directly owns 26,247,092 shares in the company, valued at $866,416,506.92. The disclosure for this sale can be found here. Insiders have sold 11,003,846 shares of company stock valued at $363,231,861 in the last three months. 0.22% of the stock is currently owned by company insiders.
Option Care Health Trading Up 2.4 %
OPCH opened at $32.50 on Thursday. Option Care Health, Inc. has a one year low of $21.32 and a one year high of $35.57. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.16. The business has a 50 day simple moving average of $31.91 and a two-hundred day simple moving average of $29.20. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 2.86 and a beta of 1.34.
Option Care Health (NASDAQ:OPCH – Get Rating) last announced its earnings results on Wednesday, July 27th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). The business had revenue of $980.80 million for the quarter, compared to the consensus estimate of $940.93 million. Option Care Health had a net margin of 4.71% and a return on equity of 12.11%. Option Care Health's revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 EPS. Analysts predict that Option Care Health, Inc. will post 0.78 EPS for the current year.
Option Care Health Profile
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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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