Public Employees Retirement Association of Colorado Cuts Position in Option Care Health, Inc. (NASDAQ:OPCH)

Public Employees Retirement Association of Colorado lowered its position in Option Care Health, Inc. (NASDAQ:OPCH) by 7.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,995 shares of the company’s stock after selling 1,604 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Option Care Health were worth $526,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in OPCH. Vanguard Group Inc. lifted its position in shares of Option Care Health by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 19,626,205 shares of the company’s stock worth $661,207,000 after purchasing an additional 306,853 shares during the last quarter. Wellington Management Group LLP raised its stake in Option Care Health by 157.1% in the fourth quarter. Wellington Management Group LLP now owns 7,445,556 shares of the company’s stock valued at $250,841,000 after buying an additional 4,549,164 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in Option Care Health by 15.4% during the 1st quarter. Westfield Capital Management Co. LP now owns 5,171,385 shares of the company’s stock worth $173,448,000 after buying an additional 688,653 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Option Care Health by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,605,271 shares of the company’s stock worth $99,870,000 after acquiring an additional 218,844 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Option Care Health in the 2nd quarter valued at about $68,003,000. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Option Care Health Stock Performance

Shares of Option Care Health stock opened at $31.17 on Friday. The firm’s fifty day simple moving average is $31.24 and its 200-day simple moving average is $30.43. Option Care Health, Inc. has a 12 month low of $26.11 and a 12 month high of $34.63. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 2.42 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.76 and a quick ratio of 1.36.

Option Care Health (NASDAQ:OPCH) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. Option Care Health had a net margin of 4.60% and a return on equity of 14.82%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business posted $0.63 earnings per share. Option Care Health’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, equities analysts forecast that Option Care Health, Inc. will post 1.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Elizabeth Quadros Betten sold 47,531 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $31.09, for a total value of $1,477,738.79. Following the transaction, the director now owns 21,339 shares of the company’s stock, valued at $663,429.51. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Elizabeth Quadros Betten sold 47,531 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $31.09, for a total transaction of $1,477,738.79. Following the transaction, the director now directly owns 21,339 shares in the company, valued at $663,429.51. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael H. Shapiro sold 23,217 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $30.95, for a total transaction of $718,566.15. Following the transaction, the chief financial officer now directly owns 247,317 shares of the company’s stock, valued at $7,654,461.15. The disclosure for this sale can be found here. 0.64% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OPCH. Barrington Research boosted their target price on Option Care Health from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. JMP Securities began coverage on shares of Option Care Health in a research report on Tuesday, July 16th. They set an “outperform” rating and a $36.00 price objective for the company.

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.