Comerica Bank grew its position in Option Care Health, Inc. (NASDAQ:OPCH – Get Rating) by 9.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,382 shares of the company's stock after purchasing an additional 6,000 shares during the quarter. Comerica Bank's holdings in Option Care Health were worth $2,360,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of OPCH. Victory Capital Management Inc. grew its position in Option Care Health by 2,435.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,274,994 shares of the company's stock worth $35,432,000 after purchasing an additional 1,224,700 shares during the last quarter. HMS Capital Management LLC acquired a new position in Option Care Health during the third quarter worth about $437,000. Coliseum Capital Management LLC acquired a new position in Option Care Health during the second quarter worth about $10,840,000. Jag Capital Management LLC acquired a new position in shares of Option Care Health in the second quarter valued at approximately $243,000. Finally, James Investment Research Inc. acquired a new position in shares of Option Care Health in the second quarter valued at approximately $182,000. 97.63% of the stock is currently owned by institutional investors and hedge funds.
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Option Care Health Stock Performance
Shares of OPCH opened at $28.36 on Thursday. The firm has a 50-day moving average price of $29.61 and a 200 day moving average price of $31.28. The firm has a market capitalization of $5.16 billion, a PE ratio of 28.94, a P/E/G ratio of 2.28 and a beta of 1.17. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.79. Option Care Health, Inc. has a 52-week low of $21.32 and a 52-week high of $35.87.
Option Care Health (NASDAQ:OPCH – Get Rating) last announced its earnings results on Thursday, October 27th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $994.38 million. Option Care Health had a net
margin of 4.64% and a return on equity of 11.80%. On average, sell-side analysts anticipate that Option Care Health, Inc. will post 0.79 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, Barrington Research boosted their price objective on shares of Option Care Health from $37.00 to $38.00 and gave the stock an "outperform" rating in a research note on Friday, October 28th.
Option Care Health Company 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.
Further Reading
- Get a free copy of the StockNews.com research report on Option Care Health (OPCH)
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