TD Private Client Wealth LLC Raises Holdings in Option Care Health, Inc. $OPCH

TD Private Client Wealth LLC raised its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 16.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,000 shares of the company’s stock after purchasing an additional 1,133 shares during the period. TD Private Client Wealth LLC’s holdings in Option Care Health were worth $260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Option Care Health by 30.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 4,204,481 shares of the company’s stock worth $146,947,000 after buying an additional 989,048 shares during the last quarter. Durable Capital Partners LP purchased a new position in shares of Option Care Health in the 1st quarter worth $122,905,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Option Care Health by 4.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,609,705 shares of the company’s stock worth $91,209,000 after buying an additional 99,574 shares during the last quarter. Nuveen LLC purchased a new position in shares of Option Care Health in the 1st quarter worth $70,965,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Option Care Health by 8.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,651,489 shares of the company’s stock worth $57,720,000 after buying an additional 133,497 shares during the last quarter. 98.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup restated an “outperform” rating on shares of Option Care Health in a research note on Thursday, July 31st. JMP Securities raised their price target on Option Care Health from $36.00 to $38.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 31st. Finally, Barrington Research reiterated an “outperform” rating and set a $38.00 target price on shares of Option Care Health in a research report on Tuesday, September 23rd. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.75.

Insider Activity at Option Care Health

In other news, Director Harry M. Jansen Kraemer, Jr. bought 36,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were bought at an average price of $27.15 per share, for a total transaction of $977,400.00. Following the purchase, the director owned 375,390 shares in the company, valued at $10,191,838.50. This represents a 10.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, 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 stock was bought at an average price of $27.51 per share, for a total transaction of $550,200.00. Following the purchase, the director owned 49,229 shares in the company, valued at approximately $1,354,289.79. This represents a 68.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 59,411 shares of company stock worth $1,627,576. 0.64% of the stock is owned by corporate insiders.

Option Care Health Stock Up 1.8%

OPCH opened at $27.30 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.52. Option Care Health, Inc. has a fifty-two week low of $21.39 and a fifty-two week high of $35.53. The firm’s fifty day moving average is $28.57 and its 200 day moving average is $31.01. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 1.66 and a beta of 0.83.

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

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.