GAMMA Investing LLC Has $81,000 Stock Position in Option Care Health, Inc. $OPCH

GAMMA Investing LLC lowered its stake in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 21.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,493 shares of the company’s stock after selling 699 shares during the period. GAMMA Investing LLC’s holdings in Option Care Health were worth $81,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Option Care Health by 1,492.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 892 shares of the company’s stock worth $31,000 after acquiring an additional 836 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Option Care Health by 186.6% in the 1st quarter. Brooklyn Investment Group now owns 1,198 shares of the company’s stock worth $42,000 after buying an additional 780 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Option Care Health by 21.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,870 shares of the company’s stock worth $43,000 after buying an additional 332 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Option Care Health by 62.3% in the 1st quarter. Bessemer Group Inc. now owns 1,560 shares of the company’s stock worth $54,000 after buying an additional 599 shares during the last quarter. Finally, Wealthquest Corp purchased a new position in shares of Option Care Health in the 1st quarter worth about $66,000. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OPCH. Barrington Research reiterated an “outperform” rating and issued a $38.00 target price on shares of Option Care Health in a research note on Tuesday, September 23rd. TD Cowen began coverage on shares of Option Care Health in a report on Thursday. They set a “hold” rating and a $30.00 price objective on the stock. JMP Securities upped their price target on shares of Option Care Health from $36.00 to $38.00 and gave the company a “market outperform” rating in a research note on Thursday, July 31st. Citigroup restated an “outperform” rating on shares of Option Care Health in a research note on Thursday, July 31st. Finally, Cowen began coverage on Option Care Health in a research report on Thursday. They set a “hold” rating on the stock. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Option Care Health has a consensus rating of “Moderate Buy” and a consensus price target of $35.11.

Insider Activity at Option Care Health

In other Option Care Health news, Director Harry M. Jansen Kraemer, Jr. purchased 36,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were purchased at an average cost of $27.15 per share, with a total value of $977,400.00. Following the completion of the purchase, the director owned 375,390 shares of the company’s stock, valued at $10,191,838.50. The trade was a 10.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy P. Sullivan purchased 20,000 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were acquired at an average cost of $27.51 per share, for a total transaction of $550,200.00. Following the completion of the purchase, the director directly owned 49,229 shares of the company’s stock, valued at approximately $1,354,289.79. This represents a 68.43% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 59,411 shares of company stock valued at $1,627,576. Corporate insiders own 0.64% of the company’s stock.

Option Care Health Stock Performance

NASDAQ OPCH opened at $27.84 on Friday. Option Care Health, Inc. has a 1 year low of $21.39 and a 1 year high of $35.53. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.52 and a quick ratio of 1.00. The stock has a market capitalization of $4.52 billion, a PE ratio of 22.27, a P/E/G ratio of 1.65 and a beta of 0.88. The company’s 50 day simple moving average is $28.41 and its two-hundred day simple moving average is $30.89.

Option Care Health (NASDAQ:OPCH) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Option Care Health had a return on equity of 17.53% and a net margin of 3.93%.The company’s revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 EPS. Option Care Health has set its FY 2025 guidance at 1.650-1.720 EPS. Analysts predict that Option Care Health, Inc. will post 1.22 earnings per share for the current fiscal year.

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.