Villere ST Denis J & Co. LLC boosted its stake in Option Care Health, Inc. (NASDAQ:OPCH – Free Report) by 17.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 913,012 shares of the company’s stock after buying an additional 132,753 shares during the quarter. Option Care Health comprises 2.1% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 15th largest holding. Villere ST Denis J & Co. LLC’s holdings in Option Care Health were worth $20,534,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Reyes Financial Architecture Inc. purchased a new position in shares of Option Care Health in the 3rd quarter worth $28,000. Covestor Ltd increased its position in Option Care Health by 254.2% in the third quarter. Covestor Ltd now owns 1,445 shares of the company’s stock worth $33,000 after buying an additional 1,037 shares in the last quarter. Harbor Investment Advisory LLC purchased a new stake in Option Care Health in the 2nd quarter worth approximately $48,000. Nykredit A S purchased a new position in Option Care Health during the second quarter valued at approximately $56,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Option Care Health in the second quarter worth approximately $66,000. 98.05% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
OPCH has been the topic of several analyst reports. Wall Street Zen raised Option Care Health from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings upgraded shares of Option Care Health from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 20th. William Blair downgraded shares of Option Care Health from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 6th. Jefferies Financial Group lowered shares of Option Care Health from a “buy” rating to a “hold” rating and raised their target price for the stock from $28.00 to $32.05 in a report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. cut shares of Option Care Health from an “overweight” rating to a “neutral” rating and set a $33.00 price target for the company. in a research note on Wednesday, October 7th. Two equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, Option Care Health currently has an average rating of “Hold” and a consensus target price of $29.48.
Check Out Our Latest Analysis on Option Care Health
Option Care Health Stock Performance
NASDAQ OPCH opened at $31.69 on Tuesday. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.92 and a beta of 0.47. The stock has a 50-day moving average of $27.45 and a 200 day moving average of $26.35. The company has a current ratio of 1.54, a quick ratio of 0.98 and a debt-to-equity ratio of 0.87. Option Care Health, Inc. has a twelve month low of $18.01 and a twelve month high of $36.80.
Option Care Health (NASDAQ:OPCH – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.48 billion. Option Care Health had a return on equity of 19.06% and a net margin of 3.74%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 EPS. Sell-side analysts anticipate that Option Care Health, Inc. will post 1.70 EPS for the current fiscal year.
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.
The company serves patients and health care providers across the United States.
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