Axiom Investors LLC DE lessened its holdings in Option Care Health, Inc. (NASDAQ:OPCH – Free Report) by 51.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,725 shares of the company’s stock after selling 96,435 shares during the quarter. Axiom Investors LLC DE’s holdings in Option Care Health were worth $2,980,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in OPCH. Fifth Third Bancorp boosted its position in shares of Option Care Health by 120.7% during the 2nd quarter. Fifth Third Bancorp now owns 852 shares of the company’s stock valued at $28,000 after purchasing an additional 466 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Option Care Health by 121.4% in the 1st quarter. Advisors Asset Management Inc. now owns 1,337 shares of the company’s stock valued at $42,000 after acquiring an additional 733 shares in the last quarter. NewEdge Advisors LLC lifted its position in Option Care Health by 1,031.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,562 shares of the company’s stock valued at $50,000 after acquiring an additional 1,424 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Option Care Health by 39.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,236 shares of the company’s stock valued at $70,000 after purchasing an additional 629 shares during the last quarter. Finally, Dupont Capital Management Corp increased its holdings in Option Care Health by 654.8% during the 2nd quarter. Dupont Capital Management Corp now owns 3,321 shares of the company’s stock worth $108,000 after purchasing an additional 2,881 shares in the last quarter. 94.75% of the stock is currently owned by institutional investors and hedge funds.
Option Care Health Stock Performance
Shares of OPCH opened at $29.69 on Tuesday. The stock has a 50 day moving average of $31.28 and a 200 day moving average of $31.55. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.01 and a beta of 1.20. Option Care Health, Inc. has a 12 month low of $24.23 and a 12 month high of $35.74. The company has a current ratio of 1.79, a quick ratio of 1.39 and a debt-to-equity ratio of 0.73.
Insider Activity at Option Care Health
In related news, Director Elizabeth D. Bierbower acquired 3,000 shares of the stock in a transaction on Monday, October 30th. The shares were acquired at an average price of $26.37 per share, with a total value of $79,110.00. Following the completion of the transaction, the director now owns 13,515 shares in the company, valued at approximately $356,390.55. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.38% of the stock is owned by company insiders.
Analyst Ratings Changes
Several research analysts recently issued reports on OPCH shares. Barrington Research cut their target price on Option Care Health from $41.00 to $35.00 and set an “outperform” rating on the stock in a research report on Thursday, October 26th. JPMorgan Chase & Co. cut their price objective on shares of Option Care Health from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, October 18th.
Option Care Health 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.
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