1,781,532 Shares in Option Care Health, Inc. $OPCH Bought by Swedbank AB

by · The Markets Daily

Swedbank AB bought a new stake in Option Care Health, Inc. (NASDAQ:OPCH – Free Report) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 1,781,532 shares of the company’s stock, valued at approximately $49,455,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new stake in shares of Option Care Health during the 3rd quarter valued at about $770,000. Riverbridge Partners LLC increased its holdings in Option Care Health by 14.3% during the third quarter. Riverbridge Partners LLC now owns 1,446,956 shares of the company’s stock valued at $40,168,000 after buying an additional 181,277 shares during the last quarter. Trust Point Inc. raised its position in Option Care Health by 10.7% in the third quarter. Trust Point Inc. now owns 8,705 shares of the company’s stock worth $242,000 after acquiring an additional 838 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of Option Care Health by 6.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 142,324 shares of the company’s stock worth $3,951,000 after acquiring an additional 8,935 shares during the last quarter. Finally, Sanders Morris Harris LLC bought a new stake in shares of Option Care Health during the 3rd quarter valued at $278,000. 98.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OPCH. Citizens Jmp decreased their target price on Option Care Health from $38.00 to $36.00 and set a “market outperform” rating on the stock in a report on Friday, October 31st. TD Cowen decreased their price objective on Option Care Health from $30.00 to $27.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Citigroup reaffirmed an “outperform” rating on shares of Option Care Health in a research report on Friday, October 31st. Stephens upgraded Option Care Health to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Option Care Health in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Option Care Health currently has an average rating of “Moderate Buy” and a consensus price target of $36.27.

Check Out Our Latest Stock Analysis on OPCH

Insiders Place Their Bets

In related news, Director Harry M. Jansen Kraemer, Jr. acquired 38,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average cost of $25.98 per share, with a total value of $987,240.00. Following the acquisition, the director directly owned 413,390 shares in the company, valued at $10,739,872.20. This represents a 10.12% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.64% of the stock is owned by insiders.

Option Care Health Stock Performance

NASDAQ OPCH opened at $32.36 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.85. Option Care Health, Inc. has a twelve month low of $22.46 and a twelve month high of $35.53. The business has a 50-day moving average price of $29.64 and a 200-day moving average price of $29.38. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 2.16 and a beta of 0.80.

About Option Care Health

(Free Report)

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.

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