Option Care Health, Inc. $OPCH Holdings Reduced by Riverbridge Partners LLC

Riverbridge Partners LLC cut its stake in Option Care Health, Inc. (NASDAQ:OPCH) by 6.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 609,930 shares of the company’s stock after selling 40,638 shares during the period. Riverbridge Partners LLC owned approximately 0.41% of Option Care Health worth $13,717,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pinnacle Associates Ltd. increased its holdings in shares of Option Care Health by 1.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 20,355 shares of the company’s stock worth $458,000 after purchasing an additional 354 shares during the period. Ascent Group LLC lifted its stake in shares of Option Care Health by 3.6% in the third quarter. Ascent Group LLC now owns 12,243 shares of the company’s stock valued at $275,000 after buying an additional 423 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Option Care Health by 1.3% in the first quarter. Pacer Advisors Inc. now owns 42,649 shares of the company’s stock valued at $1,148,000 after buying an additional 528 shares during the period. Central Pacific Bank Trust Division lifted its stake in shares of Option Care Health by 3.9% in the third quarter. Central Pacific Bank Trust Division now owns 14,369 shares of the company’s stock valued at $323,000 after buying an additional 540 shares during the period. Finally, State of Michigan Retirement System lifted its stake in shares of Option Care Health by 1.6% in the first quarter. State of Michigan Retirement System now owns 38,159 shares of the company’s stock valued at $1,027,000 after buying an additional 600 shares during the period. 98.05% of the stock is currently owned by institutional investors and hedge funds.

Option Care Health Stock Performance

NASDAQ OPCH opened at $31.65 on Wednesday. Option Care Health, Inc. has a twelve month low of $18.01 and a twelve month high of $36.80. The company has a quick ratio of 1.06, a current ratio of 1.54 and a debt-to-equity ratio of 0.87. The stock has a market cap of $4.74 billion, a P/E ratio of 19.56, a PEG ratio of 1.93 and a beta of 0.47. The company’s 50-day simple moving average is $27.62 and its 200 day simple moving average is $26.32.

Option Care Health (NASDAQ:OPCH) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Option Care Health had a net margin of 3.74% and a return on equity of 19.06%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 earnings per share. As a group, research analysts forecast that Option Care Health, Inc. will post 1.70 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on OPCH. Weiss Ratings upgraded Option Care Health from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 20th. Stephens cut Option Care Health from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $30.00 to $24.00 in a report on Friday, July 17th. Wall Street Zen upgraded Option Care Health from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. UBS Group cut Option Care Health from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $39.00 to $32.05 in a research report on Friday, October 9th. Finally, JPMorgan Chase & Co. lowered Option Care Health from an “overweight” rating to a “neutral” rating and set a $33.00 target price for the company. in a research note on Wednesday, October 7th. Two research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $29.48.

Option Care Health Profile

Option Care Health, Inc. is a U.S. provider of home and alternate-site infusion therapy services. The company coordinates infusion care for patients who need medications or nutritional support administered outside a hospital, including in their homes or at infusion centers. Its services include specialty pharmacy, nursing, care coordination and clinical support. Option Care Health provides therapies for a range of acute and chronic conditions, including immune disorders, infections, bleeding disorders and nutritional needs.