Pacer Advisors Inc. Buys 11,565 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Pacer Advisors Inc. grew its stake in shares of Option Care Health, Inc. (NASDAQ:OPCHFree Report) by 76.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,618 shares of the company’s stock after acquiring an additional 11,565 shares during the quarter. Pacer Advisors Inc.’s holdings in Option Care Health were worth $897,000 as of its most recent SEC filing.

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

Insider Activity

In related news, Director Harry M. Jansen Kraemer, Jr. acquired 35,000 shares of the stock in a transaction dated Monday, February 26th. The shares were purchased at an average cost of $31.55 per share, with a total value of $1,104,250.00. Following the transaction, the director now directly owns 269,528 shares in the company, valued at $8,503,608.40. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.

Option Care Health Trading Up 0.6 %

Shares of NASDAQ:OPCH opened at $32.17 on Thursday. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 1.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.33 and a current ratio of 1.77. The stock’s 50-day simple moving average is $32.37 and its two-hundred day simple moving average is $31.74. Option Care Health, Inc. has a 52-week low of $24.23 and a 52-week high of $35.74.

Option Care Health (NASDAQ:OPCHGet Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Option Care Health had a return on equity of 18.78% and a net margin of 6.21%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share. Analysts expect that Option Care Health, Inc. will post 1.13 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on OPCH. Jefferies Financial Group lifted their price objective on Option Care Health from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Barrington Research lifted their price objective on Option Care Health from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd.

Get Our Latest Report on Option Care Health

Option Care Health Profile

(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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