Option Care Health, Inc. $OPCH Shares Sold by Sei Investments Co.

Sei Investments Co. cut its holdings in Option Care Health, Inc. (NASDAQ:OPCH) by 19.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 198,585 shares of the company’s stock after selling 47,308 shares during the quarter. Sei Investments Co.’s holdings in Option Care Health were worth $5,346,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of OPCH. Durable Capital Partners LP boosted its position in shares of Option Care Health by 134.2% during the 2nd quarter. Durable Capital Partners LP now owns 8,237,577 shares of the company’s stock valued at $267,557,000 after purchasing an additional 4,720,988 shares in the last quarter. Southpoint Capital Advisors LP acquired a new stake in Option Care Health during the fourth quarter valued at approximately $95,580,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Option Care Health during the first quarter valued at approximately $70,287,000. Norges Bank bought a new stake in Option Care Health during the fourth quarter worth approximately $61,787,000. Finally, Van Berkom & Associates Inc. bought a new stake in Option Care Health during the first quarter worth approximately $42,739,000. 98.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $24.00 price target (down from $26.00) on shares of Option Care Health in a report on Thursday, July 30th. Truist Financial set a $30.00 price objective on Option Care Health in a research note on Friday, May 1st. The Goldman Sachs Group initiated coverage on Option Care Health in a report on Monday, June 8th. They issued a “neutral” rating and a $22.00 target price on the stock. UBS Group reaffirmed a “buy” rating on shares of Option Care Health in a research report on Tuesday, June 16th. Finally, Morgan Stanley set a $28.00 target price on Option Care Health in a report on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Option Care Health currently has a consensus rating of “Hold” and an average target price of $29.92.

Option Care Health Stock Down 0.0%

OPCH stock opened at $23.69 on Wednesday. Option Care Health, Inc. has a 52-week low of $18.01 and a 52-week high of $36.80. The company’s 50 day simple moving average is $21.59 and its 200-day simple moving average is $26.60. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.47 and a quick ratio of 0.98. The firm has a market capitalization of $3.55 billion, a P/E ratio of 17.81, a P/E/G ratio of 1.41 and a beta of 0.65.

Option Care Health (NASDAQ:OPCH) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. Option Care Health had a net margin of 3.68% and a return on equity of 18.74%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. Option Care Health has set its FY 2026 guidance at 1.850-1.920 EPS. As a group, equities research analysts anticipate that Option Care Health, Inc. will post 1.64 EPS for the current year.

Insider Activity at Option Care Health

In other Option Care Health news, Director Timothy P. Sullivan bought 24,154 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was acquired at an average price of $20.69 per share, with a total value of $499,746.26. Following the completion of the transaction, the director directly owned 73,383 shares in the company, valued at approximately $1,518,294.27. This represents a 49.06% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by company insiders.

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.