Ensign Peak Advisors Inc Cuts Position in Option Care Health, Inc. (NASDAQ:OPCH)

Ensign Peak Advisors Inc trimmed its position in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 8.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,833 shares of the company’s stock after selling 4,925 shares during the period. Ensign Peak Advisors Inc’s holdings in Option Care Health were worth $1,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of OPCH. Vanguard Group Inc. increased its position in Option Care Health by 1.6% in the fourth 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 increased its holdings in shares of Option Care Health by 157.1% in the 4th quarter. Wellington Management Group LLP now owns 7,445,556 shares of the company’s stock worth $250,841,000 after buying an additional 4,549,164 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Option Care Health by 9.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 5,459,119 shares of the company’s stock valued at $151,218,000 after buying an additional 455,310 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of Option Care Health by 15.4% in the 1st quarter. Westfield Capital Management Co. LP now owns 5,171,385 shares of the company’s stock valued at $173,448,000 after acquiring an additional 688,653 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Option Care Health by 6.5% in the second 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. 98.05% of the stock is currently owned by institutional investors.

Option Care Health Trading Up 0.8 %

OPCH opened at $31.42 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.76. The stock’s 50 day moving average price is $31.29 and its 200-day moving average price is $30.42. Option Care Health, Inc. has a one year low of $26.11 and a one year high of $34.63. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 2.42 and a beta of 1.29.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. JMP Securities began coverage on Option Care Health in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 price objective for the company. Barrington Research raised their price target on Option Care Health from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st.

Insider Activity at Option Care Health

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

Option Care Health 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.