Pinebridge Investments L.P. Acquires 18,265 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Pinebridge Investments L.P. grew its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 42.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,059 shares of the company’s stock after buying an additional 18,265 shares during the quarter. Pinebridge Investments L.P.’s holdings in Option Care Health were worth $1,417,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of OPCH. Murphy & Mullick Capital Management Corp bought a new stake in Option Care Health during the fourth quarter worth about $26,000. UMB Bank n.a. raised its stake in shares of Option Care Health by 41.7% during the 4th quarter. UMB Bank n.a. now owns 1,176 shares of the company’s stock worth $27,000 after purchasing an additional 346 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Option Care Health by 487.9% in the 4th quarter. Signaturefd LLC now owns 1,211 shares of the company’s stock valued at $28,000 after buying an additional 1,005 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Option Care Health by 172.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,735 shares of the company’s stock valued at $40,000 after buying an additional 1,099 shares during the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Option Care Health by 638.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,954 shares of the company’s stock valued at $69,000 after buying an additional 2,554 shares in the last quarter. 98.05% of the stock is currently owned by institutional investors and hedge funds.

Option Care Health Price Performance

Option Care Health stock opened at $32.90 on Monday. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 2.30 and a beta of 1.07. The stock’s 50 day moving average is $33.36 and its 200-day moving average is $28.76. The company has a current ratio of 1.73, a quick ratio of 1.32 and a debt-to-equity ratio of 0.77. Option Care Health, Inc. has a 12 month low of $21.39 and a 12 month high of $35.53.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Option Care Health from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Barrington Research reiterated an “outperform” rating and issued a $38.00 target price on shares of Option Care Health in a research note on Monday, April 21st. Jefferies Financial Group upgraded Option Care Health from a “hold” rating to a “buy” rating and lifted their price target for the stock from $26.00 to $35.00 in a report on Thursday, January 23rd. Bank of America upgraded Option Care Health from a “neutral” rating to a “buy” rating and upped their price objective for the company from $26.00 to $33.00 in a research note on Monday, January 13th. Finally, JMP Securities reiterated a “market outperform” rating and set a $36.00 target price on shares of Option Care Health in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.75.

Insider Buying and Selling at Option Care Health

In other news, insider Michael Bavaro sold 30,996 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $33.26, for a total value of $1,030,926.96. Following the completion of the sale, the insider now owns 44,974 shares of the company’s stock, valued at approximately $1,495,835.24. The trade was a 40.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.64% of the company’s stock.

About Option Care Health

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.