Summit Creek Advisors LLC Sells 35,730 Shares of Option Care Health, Inc. $OPCH

Summit Creek Advisors LLC reduced its holdings in Option Care Health, Inc. (NASDAQ:OPCH) by 6.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 485,603 shares of the company’s stock after selling 35,730 shares during the quarter. Option Care Health comprises 2.0% of Summit Creek Advisors LLC’s portfolio, making the stock its 28th biggest holding. Summit Creek Advisors LLC owned approximately 0.30% of Option Care Health worth $13,480,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in OPCH. State of Alaska Department of Revenue boosted its stake in Option Care Health by 49.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 27,349 shares of the company’s stock valued at $758,000 after purchasing an additional 8,998 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Option Care Health by 41.2% in the third quarter. Nisa Investment Advisors LLC now owns 5,224 shares of the company’s stock valued at $145,000 after acquiring an additional 1,523 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Option Care Health by 100.9% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 21,500 shares of the company’s stock valued at $597,000 after acquiring an additional 10,800 shares during the period. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Option Care Health by 43.8% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,270,685 shares of the company’s stock worth $35,274,000 after acquiring an additional 387,281 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Option Care Health by 31.0% during the third quarter. Blue Trust Inc. now owns 8,508 shares of the company’s stock worth $236,000 after acquiring an additional 2,013 shares during the period. Institutional investors and hedge funds own 98.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OPCH. Morgan Stanley initiated coverage on shares of Option Care Health in a report on Friday, October 17th. They issued an “overweight” rating and a $35.00 price target for the company. Cowen assumed coverage on shares of Option Care Health in a research note on Thursday, October 2nd. They issued a “hold” rating for the company. Bank of America lifted their target price on Option Care Health from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Option Care Health in a report on Monday, December 29th. Finally, Wall Street Zen raised Option Care Health from a “hold” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.27.

Insider Activity

In related news, Director Harry M. Jansen Kraemer, Jr. bought 38,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average price of $25.98 per share, for a total transaction of $987,240.00. Following the transaction, the director directly owned 413,390 shares of the company’s stock, valued at $10,739,872.20. This represents a 10.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.64% of the company’s stock.

Option Care Health Stock Down 0.6%

Shares of OPCH opened at $31.78 on Monday. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 25.22, a P/E/G ratio of 1.98 and a beta of 0.80. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.85. Option Care Health, Inc. has a 12 month low of $23.68 and a 12 month high of $35.53. The company has a 50-day moving average price of $30.72 and a two-hundred day moving average price of $29.40.

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.