Axiom Investors LLC DE Purchases 26,903 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Axiom Investors LLC DE lifted its position in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 18.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 171,198 shares of the company’s stock after buying an additional 26,903 shares during the quarter. Axiom Investors LLC DE’s holdings in Option Care Health were worth $3,972,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Option Care Health in the 4th quarter worth approximately $26,000. UMB Bank n.a. grew its position in shares of Option Care Health by 41.7% during the fourth quarter. UMB Bank n.a. now owns 1,176 shares of the company’s stock worth $27,000 after purchasing an additional 346 shares in the last quarter. Signaturefd LLC raised its position in shares of Option Care Health by 487.9% during the fourth quarter. Signaturefd LLC now owns 1,211 shares of the company’s stock valued at $28,000 after buying an additional 1,005 shares during the last quarter. Quarry LP increased its holdings in Option Care Health by 327.7% in the 3rd quarter. Quarry LP now owns 3,430 shares of the company’s stock valued at $107,000 after acquiring an additional 2,628 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Option Care Health by 16.9% in the fourth quarter. Blue Trust Inc. now owns 4,703 shares of the company’s stock worth $109,000 after buying an additional 681 shares in the last quarter. 98.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Option Care Health

In other news, insider Michael Bavaro sold 30,996 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $33.26, for a total transaction of $1,030,926.96. Following the transaction, the insider now directly owns 44,974 shares of the company’s stock, valued at approximately $1,495,835.24. This trade represents a 40.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.64% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on OPCH shares. Barrington Research increased their price target on shares of Option Care Health from $33.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. UBS Group initiated coverage on Option Care Health in a report on Thursday, December 5th. They set a “neutral” rating and a $26.00 price target on the stock. Bank of America raised shares of Option Care Health from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $33.00 in a research note on Monday, January 13th. JMP Securities reissued a “market outperform” rating and issued a $30.00 target price (down previously from $31.00) on shares of Option Care Health in a research note on Friday, January 10th. Finally, Jefferies Financial Group raised shares of Option Care Health from a “hold” rating to a “buy” rating and lifted their price target for the stock from $26.00 to $35.00 in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.00.

Option Care Health Stock Up 0.6 %

NASDAQ:OPCH opened at $34.95 on Tuesday. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 2.30 and a beta of 1.33. Option Care Health, Inc. has a twelve month low of $21.39 and a twelve month high of $35.53. The company has a current ratio of 1.73, a quick ratio of 1.32 and a debt-to-equity ratio of 0.77. The stock has a fifty day simple moving average of $32.58 and a 200-day simple moving average of $28.40.

Option Care Health Company 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.