Option Care Health, Inc. (NASDAQ:OPCH) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its position in Option Care Health, Inc. (NASDAQ:OPCH) by 54.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 62,213 shares of the company’s stock after selling 75,850 shares during the period. Teacher Retirement System of Texas’ holdings in Option Care Health were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Xponance Inc. increased its holdings in shares of Option Care Health by 3.9% in the fourth quarter. Xponance Inc. now owns 25,056 shares of the company’s stock valued at $581,000 after purchasing an additional 944 shares during the period. Signaturefd LLC boosted its position in Option Care Health by 487.9% in the fourth quarter. Signaturefd LLC now owns 1,211 shares of the company’s stock valued at $28,000 after buying an additional 1,005 shares during the last quarter. Cibc World Markets Corp acquired a new position in Option Care Health in the 4th quarter worth approximately $373,000. Madison Investment Advisors LLC purchased a new position in Option Care Health during the 4th quarter worth approximately $4,135,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Option Care Health by 171.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 394,019 shares of the company’s stock worth $9,141,000 after buying an additional 248,762 shares during the last quarter. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Insider Transactions at Option Care Health

In related news, insider Michael Bavaro sold 30,996 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $33.26, for a total value of $1,030,926.96. Following the completion of the sale, the insider now owns 44,974 shares of the company’s stock, valued at approximately $1,495,835.24. The trade was a 40.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Bank of America upgraded shares of Option Care Health from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $33.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. increased their price target on Option Care Health from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. JMP Securities reissued a “market outperform” rating and issued a $30.00 price objective (down previously from $31.00) on shares of Option Care Health in a report on Friday, January 10th. Jefferies Financial Group raised Option Care Health from a “hold” rating to a “buy” rating and raised their target price for the stock from $26.00 to $35.00 in a report on Thursday, January 23rd. Finally, UBS Group initiated coverage on Option Care Health in a research report on Thursday, December 5th. They set a “neutral” rating and a $26.00 price target for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Option Care Health currently has an average rating of “Moderate Buy” and a consensus price target of $33.00.

Option Care Health Stock Performance

Shares of OPCH stock opened at $34.73 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.32 and a debt-to-equity ratio of 0.77. Option Care Health, Inc. has a 12-month low of $21.39 and a 12-month high of $35.53. The business’s 50 day moving average is $32.47 and its two-hundred day moving average is $28.44. The company has a market capitalization of $5.70 billion, a P/E ratio of 29.18, a P/E/G ratio of 2.30 and a beta of 1.33.

Option Care Health Company Profile

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.