Prescott Group Capital Management L.L.C. Purchases 20,000 Shares of Option Care Health, Inc. $OPCH

Prescott Group Capital Management L.L.C. purchased a new position in shares of Option Care Health, Inc. (NASDAQ:OPCH) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 20,000 shares of the company’s stock, valued at approximately $450,000.

Several other institutional investors and hedge funds have also modified their holdings of OPCH. Dimensional Fund Advisors LP grew its position in Option Care Health by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,876,856 shares of the company’s stock valued at $104,368,000 after acquiring an additional 36,208 shares during the last quarter. Southpoint Capital Advisors LP raised its stake in Option Care Health by 20.0% during the first quarter. Southpoint Capital Advisors LP now owns 3,600,000 shares of the company’s stock worth $96,912,000 after acquiring an additional 600,000 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Option Care Health in the first quarter worth about $70,287,000. Bank of America Corp DE lifted its holdings in shares of Option Care Health by 14.6% in the first quarter. Bank of America Corp DE now owns 1,945,015 shares of the company’s stock worth $52,360,000 after acquiring an additional 247,766 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Option Care Health by 2.1% in the first quarter. The Manufacturers Life Insurance Company now owns 1,804,871 shares of the company’s stock worth $48,587,000 after acquiring an additional 36,906 shares during the last quarter. 98.05% of the stock is currently owned by institutional investors.

Option Care Health Stock Up 0.3%

NASDAQ:OPCH opened at $31.77 on Wednesday. Option Care Health, Inc. has a one year low of $18.01 and a one year high of $36.80. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.47 and a quick ratio of 0.98. The company has a market cap of $4.76 billion, a PE ratio of 23.89, a P/E/G ratio of 1.93 and a beta of 0.47. The firm’s 50 day simple moving average is $26.83 and its 200 day simple moving average is $26.44.

Wall Street Analysts Forecast Growth

OPCH has been the topic of several research reports. William Blair lowered shares of Option Care Health from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 6th. JPMorgan Chase & Co. cut shares of Option Care Health from an “overweight” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research report on Wednesday, October 7th. Wall Street Zen raised shares of Option Care Health from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Citizens Jmp lowered shares of Option Care Health from a “market outperform” rating to a “hold” rating in a research report on Wednesday, October 7th. Finally, Morgan Stanley set a $32.05 target price on shares of Option Care Health in a research note on Monday, October 12th. Two analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $29.48.

Option Care Health Company Profile

Option Care Health, Inc is an independent provider of home and alternate-site infusion services in the United States. The company coordinates and delivers infusion therapy outside traditional hospital settings, including patients’ homes, ambulatory infusion suites and other outpatient locations.

Its services include administration of anti-infective therapies, immune globulin, nutrition support, inotropic therapies and medications used in the treatment of chronic and complex conditions.