Option Care Health, Inc. $OPCH Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 129.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 383,605 shares of the company’s stock after buying an additional 216,489 shares during the period. Victory Capital Management Inc. owned about 0.24% of Option Care Health worth $10,649,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Segall Bryant & Hamill LLC boosted its holdings in Option Care Health by 2.3% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 346,813 shares of the company’s stock valued at $9,628,000 after acquiring an additional 7,853 shares during the period. 111 Capital acquired a new stake in shares of Option Care Health during the third quarter worth about $281,000. Elo Mutual Pension Insurance Co boosted its stake in shares of Option Care Health by 81.5% in the third quarter. Elo Mutual Pension Insurance Co now owns 46,549 shares of the company’s stock valued at $1,292,000 after purchasing an additional 20,896 shares during the period. Sierra Summit Advisors LLC purchased a new position in shares of Option Care Health in the third quarter valued at approximately $730,000. Finally, Intech Investment Management LLC grew its holdings in shares of Option Care Health by 54.2% in the third quarter. Intech Investment Management LLC now owns 188,167 shares of the company’s stock valued at $5,224,000 after purchasing an additional 66,167 shares in the last quarter. 98.05% of the stock is owned by institutional investors and hedge funds.

Option Care Health Price Performance

Option Care Health stock opened at $29.78 on Thursday. The stock has a market cap of $4.66 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 1.66 and a beta of 0.85. The company has a fifty day simple moving average of $33.69 and a 200-day simple moving average of $30.71. Option Care Health, Inc. has a 12-month low of $24.24 and a 12-month high of $36.80. The company has a current ratio of 1.53, a quick ratio of 0.96 and a debt-to-equity ratio of 0.87.

Option Care Health (NASDAQ:OPCH) last posted its earnings results on Tuesday, February 24th. The company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. Option Care Health had a return on equity of 18.57% and a net margin of 3.67%.The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. Option Care Health’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts expect that Option Care Health, Inc. will post 1.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on OPCH. Morgan Stanley upped their target price on shares of Option Care Health from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Stephens upgraded shares of Option Care Health to a “strong-buy” rating in a research note on Thursday, December 11th. Jefferies Financial Group reaffirmed a “buy” rating and set a $37.00 price objective on shares of Option Care Health in a research report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft lifted their target price on Option Care Health from $31.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Finally, Bank of America upped their price target on Option Care Health from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.27.

Option Care Health Profile

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.