Option Care Health, Inc. $OPCH Position Reduced by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC trimmed its stake in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 2.8% during the second quarter, HoldingsChannel reports. The fund owned 881,383 shares of the company’s stock after selling 25,375 shares during the quarter. Option Care Health comprises approximately 2.8% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 14th largest position. Villere ST Denis J & Co. LLC’s holdings in Option Care Health were worth $28,627,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. USA Financial Formulas bought a new position in Option Care Health during the 2nd quarter valued at $26,000. Northwestern Mutual Wealth Management Co. boosted its stake in Option Care Health by 1,492.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 892 shares of the company’s stock valued at $31,000 after acquiring an additional 836 shares during the last quarter. Brooklyn Investment Group boosted its stake in Option Care Health by 186.6% during the 1st quarter. Brooklyn Investment Group now owns 1,198 shares of the company’s stock valued at $42,000 after acquiring an additional 780 shares during the last quarter. Bessemer Group Inc. boosted its stake in Option Care Health by 62.3% during the 1st quarter. Bessemer Group Inc. now owns 1,560 shares of the company’s stock valued at $54,000 after acquiring an additional 599 shares during the last quarter. Finally, Wealthquest Corp bought a new position in Option Care Health during the 1st quarter valued at $66,000. 98.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on OPCH shares. Citigroup reiterated an “outperform” rating on shares of Option Care Health in a research note on Thursday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of Option Care Health in a research report on Wednesday. Cowen assumed coverage on shares of Option Care Health in a research report on Thursday, October 2nd. They issued a “hold” rating on the stock. Barrington Research restated an “outperform” rating and issued a $38.00 price target on shares of Option Care Health in a research report on Tuesday, September 23rd. Finally, JMP Securities raised their price target on shares of Option Care Health from $36.00 to $38.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Option Care Health currently has a consensus rating of “Moderate Buy” and an average target price of $35.11.

Option Care Health Stock Down 0.3%

OPCH stock opened at $26.71 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.52 and a debt-to-equity ratio of 0.81. Option Care Health, Inc. has a fifty-two week low of $21.39 and a fifty-two week high of $35.53. The firm’s 50-day simple moving average is $28.10 and its 200 day simple moving average is $30.57. The stock has a market cap of $4.33 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.63 and a beta of 0.88.

Option Care Health (NASDAQ:OPCH) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Option Care Health had a net margin of 3.93% and a return on equity of 17.53%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the company earned $0.30 EPS. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. Option Care Health has set its FY 2025 guidance at 1.650-1.720 EPS. As a group, sell-side analysts predict that Option Care Health, Inc. will post 1.22 EPS for the current year.

Insider Buying and Selling

In other news, Director Timothy P. Sullivan acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were acquired at an average price of $27.51 per share, with a total value of $550,200.00. Following the acquisition, the director directly owned 49,229 shares in the company, valued at approximately $1,354,289.79. The trade was a 68.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Norman L. Wright acquired 3,411 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average cost of $29.31 per share, for a total transaction of $99,976.41. Following the acquisition, the director owned 15,501 shares in the company, valued at approximately $454,334.31. This trade represents a 28.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 59,411 shares of company stock valued at $1,627,576 in the last quarter. Company insiders own 0.64% of the company’s stock.

Option Care Health Profile

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.