California Public Employees Retirement System Sells 24,288 Shares of Option Care Health, Inc. $OPCH

California Public Employees Retirement System lowered its position in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 8.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 264,662 shares of the company’s stock after selling 24,288 shares during the period. California Public Employees Retirement System owned about 0.17% of Option Care Health worth $7,125,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in Option Care Health in the 4th quarter worth approximately $25,000. McIlrath & Eck LLC bought a new position in shares of Option Care Health in the 2nd quarter worth about $37,000. Advisory Services Network LLC purchased a new position in shares of Option Care Health during the third quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd bought a new stake in Option Care Health in the third quarter worth $38,000. Finally, Employees Retirement System of Texas bought a new stake in Option Care Health during the 4th quarter valued at about $45,000. 98.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

OPCH has been the topic of several research reports. Stephens reissued an “equal weight” rating and issued a $24.00 target price (down from $30.00) on shares of Option Care Health in a research report on Friday, July 17th. Zacks Research raised Option Care Health from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Barrington Research cut their price objective on shares of Option Care Health from $42.00 to $32.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $26.00 target price on shares of Option Care Health in a report on Friday, May 1st. Finally, TD Cowen reduced their price target on shares of Option Care Health from $37.00 to $23.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Option Care Health presently has an average rating of “Moderate Buy” and an average price target of $30.08.

Insider Activity

In other Option Care Health news, Director Harry M. Jansen Kraemer, Jr. bought 36,610 shares of Option Care Health stock in a transaction on Monday, May 4th. The shares were bought at an average price of $21.41 per share, for a total transaction of $783,820.10. Following the completion of the transaction, the director directly owned 450,000 shares of the company’s stock, valued at $9,634,500. This trade represents a 8.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO John Charles Rademacher acquired 12,500 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was acquired at an average price of $21.18 per share, with a total value of $264,750.00. Following the acquisition, the chief executive officer directly owned 695,152 shares of the company’s stock, valued at approximately $14,723,319.36. This represents a 1.83% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 73,264 shares of company stock valued at $1,548,316. 1.70% of the stock is currently owned by company insiders.

Option Care Health Price Performance

OPCH stock opened at $21.66 on Monday. The company has a market capitalization of $3.40 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 1.20 and a beta of 0.65. The firm’s fifty day simple moving average is $21.32 and its 200-day simple moving average is $27.09. Option Care Health, Inc. has a 12 month low of $18.01 and a 12 month high of $36.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.64 and a quick ratio of 1.07.

Option Care Health (NASDAQ:OPCH) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.39 billion. Option Care Health had a return on equity of 18.17% and a net margin of 3.64%.Option Care Health’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. Option Care Health has set its FY 2026 guidance at 1.820-1.920 EPS. As a group, equities research analysts forecast that Option Care Health, Inc. will post 1.64 earnings per share for the current year.

Option Care Health 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.