Option Care Health, Inc. (NASDAQ:OPCH) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Option Care Health, Inc. (NASDAQ:OPCH) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 47,783 shares of the company’s stock after purchasing an additional 2,872 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Option Care Health were worth $1,610,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Option Care Health by 11.8% in the 3rd quarter. Vanguard Group Inc. now owns 19,319,352 shares of the company’s stock valued at $624,981,000 after purchasing an additional 2,037,162 shares during the last quarter. Third Point LLC grew its position in Option Care Health by 55.7% in the 3rd quarter. Third Point LLC now owns 5,450,659 shares of the company’s stock valued at $176,329,000 after buying an additional 1,950,659 shares during the last quarter. FMR LLC increased its stake in Option Care Health by 10.8% in the 3rd quarter. FMR LLC now owns 3,717,299 shares of the company’s stock valued at $120,255,000 after buying an additional 362,828 shares during the period. Wellington Management Group LLP raised its position in Option Care Health by 15.9% during the 3rd quarter. Wellington Management Group LLP now owns 2,896,392 shares of the company’s stock worth $93,698,000 after buying an additional 397,627 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Option Care Health by 5.1% in the 3rd quarter. Northern Trust Corp now owns 2,477,480 shares of the company’s stock worth $80,146,000 after acquiring an additional 120,212 shares during the period. 98.05% of the stock is owned by hedge funds and other institutional investors.

Option Care Health Stock Performance

Shares of OPCH opened at $29.93 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.77 and a debt-to-equity ratio of 0.74. Option Care Health, Inc. has a 52-week low of $24.23 and a 52-week high of $35.74. The company has a 50-day simple moving average of $32.13 and a 200-day simple moving average of $31.52. The company has a market capitalization of $5.20 billion, a PE ratio of 20.36, a P/E/G ratio of 1.73 and a beta of 1.22.

Option Care Health (NASDAQ:OPCH) last issued its earnings results on Tuesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Option Care Health had a net margin of 6.21% and a return on equity of 18.78%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the company posted $0.21 earnings per share. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities research analysts predict that Option Care Health, Inc. will post 1.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Harry M. Jansen Kraemer, Jr. purchased 35,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was acquired at an average price of $31.55 per share, with a total value of $1,104,250.00. Following the purchase, the director now directly owns 269,528 shares of the company’s stock, valued at approximately $8,503,608.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OPCH. Jefferies Financial Group increased their price target on shares of 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 reissued an “outperform” rating and issued a $38.00 price target on shares of Option Care Health in a report on Wednesday.

About Option Care Health

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.