Option Care Health, Inc. (NASDAQ:OPCH) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC decreased its stake in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 43.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,367 shares of the company’s stock after selling 11,099 shares during the quarter. Avior Wealth Management LLC’s holdings in Option Care Health were worth $502,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its stake in Option Care Health by 21.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,870 shares of the company’s stock valued at $43,000 after purchasing an additional 332 shares in the last quarter. Cornerstone Investment Partners LLC boosted its holdings in shares of Option Care Health by 3.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 9,544 shares of the company’s stock valued at $221,000 after acquiring an additional 333 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Option Care Health by 2.0% in the 4th quarter. Assetmark Inc. now owns 24,976 shares of the company’s stock valued at $579,000 after acquiring an additional 487 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Option Care Health by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 19,931 shares of the company’s stock valued at $696,000 after acquiring an additional 525 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of Option Care Health by 1.1% in the 4th quarter. Mackenzie Financial Corp now owns 49,579 shares of the company’s stock valued at $1,150,000 after acquiring an additional 556 shares during the last quarter. Institutional investors and hedge funds own 98.05% of the company’s stock.

Wall Street Analyst Weigh In

OPCH has been the topic of several recent research reports. Barrington Research reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of Option Care Health in a report on Wednesday, April 30th. UBS Group raised shares of Option Care Health from a “neutral” rating to a “buy” rating and upped their price objective for the company from $38.00 to $40.00 in a report on Wednesday, April 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $36.00 price objective on shares of Option Care Health in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Option Care Health from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.50.

Option Care Health Stock Performance

Shares of OPCH stock opened at $31.53 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.02 and a debt-to-equity ratio of 0.82. Option Care Health, Inc. has a 12-month low of $21.39 and a 12-month high of $35.53. The business’s 50 day moving average is $32.08 and its two-hundred day moving average is $30.58. The company has a market capitalization of $5.16 billion, a P/E ratio of 25.43, a P/E/G ratio of 1.90 and a beta of 0.74.

Option Care Health (NASDAQ:OPCH) last announced its earnings results on Tuesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Option Care Health had a return on equity of 16.90% and a net margin of 4.12%. The business’s revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. Analysts expect that Option Care Health, Inc. will post 1.22 EPS for the current fiscal year.

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.