Gabelli Funds LLC Increases Stake in Option Care Health, Inc. $OPCH

Gabelli Funds LLC grew its stake in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 493,310 shares of the company’s stock after buying an additional 20,000 shares during the period. Gabelli Funds LLC owned 0.31% of Option Care Health worth $13,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of OPCH. Teton Advisors Inc. grew its stake in Option Care Health by 2.2% during the second quarter. Teton Advisors Inc. now owns 17,368 shares of the company’s stock valued at $564,000 after acquiring an additional 368 shares in the last quarter. State of Wyoming lifted its stake in Option Care Health by 1.8% in the 2nd quarter. State of Wyoming now owns 25,135 shares of the company’s stock worth $816,000 after purchasing an additional 436 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Option Care Health by 1.1% during the 3rd quarter. Arizona State Retirement System now owns 48,472 shares of the company’s stock valued at $1,346,000 after purchasing an additional 540 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Option Care Health by 24.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,093 shares of the company’s stock valued at $86,000 after purchasing an additional 600 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of Option Care Health by 13.7% during the second quarter. Parkside Financial Bank & Trust now owns 5,753 shares of the company’s stock valued at $187,000 after purchasing an additional 695 shares in the last quarter. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on OPCH shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Option Care Health in a report on Monday, December 29th. Morgan Stanley increased their price target on Option Care Health from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Wall Street Zen cut Option Care Health from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Stephens raised Option Care Health to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Truist Financial set a $40.00 price objective on Option Care Health in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Option Care Health currently has a consensus rating of “Moderate Buy” and an average price target of $37.27.

Option Care Health Stock Down 2.0%

Shares of NASDAQ OPCH opened at $29.84 on Monday. The company has a current ratio of 1.53, a quick ratio of 0.96 and a debt-to-equity ratio of 0.87. Option Care Health, Inc. has a 12-month low of $24.24 and a 12-month high of $36.80. The firm’s 50-day moving average price is $33.83 and its 200-day moving average price is $30.69. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 23.31, a P/E/G ratio of 1.67 and a beta of 0.85.

Option Care Health (NASDAQ:OPCH) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. Option Care Health had a return on equity of 18.57% and a net margin of 3.67%.The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business posted $0.44 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. On average, equities research analysts anticipate that Option Care Health, Inc. will post 1.22 EPS for the current fiscal year.

Option Care Health Company Profile

Option Care Health (NASDAQ: OPCH) is a leading provider of home and alternate site infusion services in the United States. The company specializes in the administration of injectable therapies, including antibiotics, nutrition, hydration, immunoglobulin, pain management and specialty pharmaceuticals. Through its nationwide network of infusion pharmacies and nursing professionals, Option Care Health delivers customized care plans and in-home nursing visits to patients managing complex or chronic conditions outside of a hospital setting.

Option Care Health traces its current structure to the completion of its merger with BioScrip in early 2021, combining two of the industry’s most experienced home infusion businesses.