Option Care Health, Inc. (NASDAQ:OPCH) Shares Sold by Southpoint Capital Advisors LP

Southpoint Capital Advisors LP lessened its stake in Option Care Health, Inc. (NASDAQ:OPCH) by 90.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 257,900 shares of the company’s stock after selling 2,492,100 shares during the quarter. Southpoint Capital Advisors LP owned approximately 0.15% of Option Care Health worth $8,072,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of OPCH. FMR LLC grew its stake in Option Care Health by 134.0% during the 3rd quarter. FMR LLC now owns 7,516,448 shares of the company’s stock valued at $235,265,000 after acquiring an additional 4,304,896 shares in the last quarter. Westfield Capital Management Co. LP grew its position in shares of Option Care Health by 10.2% in the third quarter. Westfield Capital Management Co. LP now owns 6,492,152 shares of the company’s stock valued at $203,204,000 after purchasing an additional 599,589 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Option Care Health by 7.4% in the third quarter. Thrivent Financial for Lutherans now owns 5,863,930 shares of the company’s stock valued at $183,541,000 after purchasing an additional 404,811 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Option Care Health by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,605,271 shares of the company’s stock worth $99,870,000 after buying an additional 218,844 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Option Care Health by 2.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,518,923 shares of the company’s stock worth $78,842,000 after buying an additional 63,955 shares during the last quarter. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Option Care Health Stock Performance

NASDAQ:OPCH opened at $23.80 on Friday. Option Care Health, Inc. has a fifty-two week low of $21.39 and a fifty-two week high of $34.63. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.32 and a current ratio of 1.73. The company has a 50 day moving average price of $26.84 and a 200 day moving average price of $28.89. The stock has a market capitalization of $4.05 billion, a P/E ratio of 20.00, a PEG ratio of 2.46 and a beta of 1.32.

Analysts Set New Price Targets

A number of analysts have issued reports on OPCH shares. Barrington Research cut their target price on Option Care Health from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. JMP Securities lifted their target price on shares of Option Care Health from $36.00 to $37.00 and gave the stock a “market outperform” rating in a research note on Monday, September 30th. The Goldman Sachs Group cut shares of Option Care Health from a “buy” rating to a “neutral” rating and dropped their price target for the company from $38.00 to $27.00 in a research note on Monday, November 4th. Jefferies Financial Group lowered shares of Option Care Health from a “buy” rating to a “hold” rating and reduced their price target for the company from $38.00 to $26.00 in a research report on Thursday, October 31st. Finally, Truist Financial lowered their price objective on Option Care Health from $41.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.83.

Insiders Place Their Bets

In other Option Care Health news, Director Harry M. Jansen Kraemer, Jr. purchased 43,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were bought at an average cost of $22.54 per share, for a total transaction of $969,220.00. Following the completion of the purchase, the director now directly owns 326,334 shares of the company’s stock, valued at approximately $7,355,568.36. This trade represents a 15.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is owned by insiders.

Option Care Health Company 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.