Option Care Health, Inc. $OPCH is Teca Partners LP’s 3rd Largest Position

Teca Partners LP lifted its position in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 50.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 614,208 shares of the company’s stock after buying an additional 206,670 shares during the quarter. Option Care Health comprises 10.8% of Teca Partners LP’s holdings, making the stock its 3rd biggest position. Teca Partners LP’s holdings in Option Care Health were worth $17,050,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its holdings in Option Care Health by 7,621.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,081 shares of the company’s stock valued at $30,000 after acquiring an additional 1,067 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Option Care Health during the second quarter worth $37,000. Hantz Financial Services Inc. grew its position in shares of Option Care Health by 987.7% in the third quarter. Hantz Financial Services Inc. now owns 1,414 shares of the company’s stock valued at $39,000 after purchasing an additional 1,284 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Option Care Health in the second quarter valued at $40,000. Finally, EverSource Wealth Advisors LLC lifted its position in Option Care Health by 528.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,407 shares of the company’s stock worth $46,000 after buying an additional 1,183 shares during the period. Institutional investors and hedge funds own 98.05% of the company’s stock.

Option Care Health Trading Down 1.1%

NASDAQ:OPCH traded down $0.32 on Friday, hitting $29.07. 208,018 shares of the stock were exchanged, compared to its average volume of 1,903,317. The stock has a fifty day moving average of $33.64 and a 200-day moving average of $30.70. The stock has a market cap of $4.55 billion, a PE ratio of 22.62, a PEG ratio of 1.67 and a beta of 0.85. 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 fifty-two week low of $24.24 and a fifty-two week high of $36.80.

Option Care Health (NASDAQ:OPCH) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.46 earnings per share for the quarter, meeting 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the company posted $0.44 EPS. The company’s revenue was up 8.8% compared to the same quarter last year. As a group, equities analysts expect that Option Care Health, Inc. will post 1.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on OPCH. Weiss Ratings reissued a “hold (c)” rating on shares of Option Care Health in a research note on Monday, December 29th. Citigroup reiterated an “outperform” rating on shares of Option Care Health in a report on Tuesday, January 13th. TD Cowen reissued a “hold” rating on shares of Option Care Health in a research report on Tuesday, January 27th. Barrington Research boosted their target price on shares of Option Care Health from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, January 16th. Finally, Stephens raised shares of Option Care Health to a “strong-buy” rating in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Option Care Health presently has an average rating of “Moderate Buy” and a consensus target price of $37.27.

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.