Option Care Health (NASDAQ:OPCH) Hits New 12-Month High on Analyst Upgrade

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Option Care Health, Inc. (NASDAQ:OPCHGet Rating)’s stock price hit a new 52-week high on Thursday after Lake Street Capital raised their price target on the stock from $35.00 to $45.00. The company traded as high as $33.98 and last traded at $33.04, with a volume of 2795 shares traded. The stock had previously closed at $33.16.

OPCH has been the subject of a number of other research reports. TheStreet upgraded shares of Option Care Health from a “c+” rating to a “b” rating in a research report on Monday, June 6th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Option Care Health from $32.00 to $39.00 in a research report on Friday, April 29th. Finally, Barrington Research increased their target price on shares of Option Care Health from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $36.25.

Insider Transactions at Option Care Health

In other news, COO Harriet Booker sold 6,000 shares of the stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $28.81, for a total value of $172,860.00. Following the sale, the chief operating officer now directly owns 81,511 shares of the company’s stock, valued at $2,348,331.91. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO Harriet Booker sold 6,000 shares of the stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $28.81, for a total value of $172,860.00. Following the sale, the chief operating officer now directly owns 81,511 shares of the company’s stock, valued at $2,348,331.91. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director R Carter Pate sold 1,923 shares of the stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $30.00, for a total transaction of $57,690.00. Following the completion of the sale, the director now directly owns 101,304 shares in the company, valued at $3,039,120. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,846 shares of company stock valued at $470,778. 0.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Option Care Health

A number of institutional investors and hedge funds have recently bought and sold shares of OPCH. New York State Teachers Retirement System raised its stake in Option Care Health by 262.0% in the fourth quarter. New York State Teachers Retirement System now owns 29,464 shares of the company’s stock valued at $838,000 after purchasing an additional 21,325 shares in the last quarter. State of Michigan Retirement System raised its stake in Option Care Health by 1.4% in the fourth quarter. State of Michigan Retirement System now owns 35,100 shares of the company’s stock valued at $998,000 after purchasing an additional 500 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Option Care Health in the fourth quarter valued at approximately $96,743,000. Yousif Capital Management LLC purchased a new stake in Option Care Health in the fourth quarter valued at approximately $2,161,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Option Care Health by 33.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,259 shares of the company’s stock valued at $434,000 after purchasing an additional 3,794 shares in the last quarter. 98.23% of the stock is owned by hedge funds and other institutional investors.

Option Care Health Price Performance

The firm has a market capitalization of $6.05 billion, a PE ratio of 35.00, a P/E/G ratio of 1.54 and a beta of 1.28. The business’s 50 day moving average is $29.35 and its two-hundred day moving average is $27.38. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.59 and a quick ratio of 1.16.

Option Care Health (NASDAQ:OPCHGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). The business had revenue of $980.80 million for the quarter, compared to analysts’ expectations of $940.93 million. Option Care Health had a return on equity of 12.53% and a net margin of 4.81%. The company’s revenue was up 14.0% compared to the same quarter last year. During the same period last year, the business posted $0.18 earnings per share. As a group, research analysts anticipate that Option Care Health, Inc. will post 0.89 EPS for the current year.

About Option Care Health

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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.

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