Option Care Health, Inc. (NASDAQ:OPCH – Get Rating) was the target of a significant growth in short interest during the month of December. As of December 30th, there was short interest totalling 3,520,000 shares, a growth of 26.2% from the December 15th total of 2,790,000 shares. Currently, 2.3% of the company's stock are sold short. Based on an average trading volume of 1,130,000 shares, the short-interest ratio is currently 3.1 days.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Option Care Health by 20.7% during the third quarter. BlackRock Inc. now owns 19,187,400 shares of the company's stock worth $603,829,000 after purchasing an additional 3,290,272 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of 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 valued at $35,432,000 after acquiring an additional 1,224,700 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Option Care Health by 8.1% in the 3rd quarter. Vanguard Group Inc. now owns 15,269,619 shares of the company's stock worth $480,534,000 after purchasing an additional 1,147,767 shares during the period. Marshall Wace LLP raised its position in Option Care Health by 27.1% in the third quarter. Marshall Wace LLP now owns 5,000,053 shares of the company's stock valued at $157,355,000 after purchasing an additional 1,066,480 shares during the period. Finally, FMR LLC increased its stake in Option Care Health by 4.9% during the 2nd quarter. FMR LLC now owns 19,738,359 shares of the company's stock worth $548,530,000 after buying an additional 918,277 shares during the period. Institutional investors and hedge funds own 97.63% of the company's stock.
Get Option Care Health alerts:Option Care Health Price Performance
OPCH traded down $0.69 on Friday, reaching $27.99. 1,197,053 shares of the company's stock were exchanged, compared to its average volume of 845,940. Option Care Health has a twelve month low of $21.32 and a twelve month high of $35.87. The stock has a market cap of $5.09 billion, a PE ratio of 28.56, a P/E/G ratio of 2.21 and a beta of 1.17. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.62 and a quick ratio of 1.22. The stock's fifty day moving average price is $29.47 and its 200-day moving average price is $31.25.
Option Care Health (NASDAQ:OPCH – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.21 EPS for the quarter, hitting analysts' consensus estimates of $0.21. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $994.38 million. Option Care Health had a return on equity of 11.80% and a net margin of 4.64%. Sell-side analysts expect that Option Care Health will post 0.79 EPS for the current year.Analysts Set New Price Targets
Separately, Barrington Research raised their price objective on 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.
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