Wedge Capital Management L L P NC Has $3.99 Million Stock Holdings in Option Care Health, Inc. $OPCH

Wedge Capital Management L L P NC raised its holdings in Option Care Health, Inc. (NASDAQ:OPCH) by 25.7% during the second quarter, Holdings Channel reports. The institutional investor owned 190,257 shares of the company’s stock after buying an additional 38,856 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Option Care Health were worth $3,990,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Durable Capital Partners LP increased its position in shares of Option Care Health by 134.2% during the second quarter. Durable Capital Partners LP now owns 8,237,577 shares of the company’s stock worth $267,557,000 after acquiring an additional 4,720,988 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Option Care Health by 12.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 6,958,800 shares of the company’s stock valued at $221,707,000 after acquiring an additional 752,058 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Option Care Health by 6.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,248,425 shares of the company’s stock valued at $135,355,000 after acquiring an additional 247,118 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Option Care Health by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,876,856 shares of the company’s stock valued at $104,368,000 after purchasing an additional 36,208 shares during the last quarter. Finally, Southpoint Capital Advisors LP boosted its stake in Option Care Health by 20.0% during the 1st quarter. Southpoint Capital Advisors LP now owns 3,600,000 shares of the company’s stock valued at $96,912,000 after purchasing an additional 600,000 shares during the last quarter. 98.05% of the stock is currently owned by institutional investors and hedge funds.

Option Care Health Stock Up 1.0%

Shares of NASDAQ:OPCH opened at $24.07 on Friday. The company has a market capitalization of $3.61 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.38 and a beta of 0.65. 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 business has a fifty day moving average price of $22.03 and a two-hundred day moving average price of $25.99. Option Care Health, Inc. has a 1 year low of $18.01 and a 1 year high of $36.80.

Option Care Health (NASDAQ:OPCH) last released its earnings results on Wednesday, July 29th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Option Care Health had a return on equity of 18.74% and a net margin of 3.68%.The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. Option Care Health has set its FY 2026 guidance at 1.850-1.920 EPS. Analysts forecast that Option Care Health, Inc. will post 1.69 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on OPCH shares. UBS Group reissued a “buy” rating on shares of Option Care Health in a research note on Tuesday, June 16th. Truist Financial set a $30.00 target price on Option Care Health in a research report on Friday, May 1st. Morgan Stanley set a $28.00 price target on Option Care Health in a report on Wednesday, May 6th. The Goldman Sachs Group initiated coverage on Option Care Health in a research report on Monday, June 8th. They issued a “neutral” rating and a $22.00 price target for the company. Finally, Zacks Research upgraded Option Care Health from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.92.

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.