Option Care Health, Inc. $OPCH Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP reduced its position in Option Care Health, Inc. (NASDAQ:OPCH) by 9.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,757,858 shares of the company’s stock after selling 303,616 shares during the period. Westfield Capital Management Co. LP owned 1.74% of Option Care Health worth $76,558,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in OPCH. Intech Investment Management LLC lifted its stake in 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 buying an additional 66,167 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Option Care Health during the third quarter worth approximately $1,309,000. Colonial Trust Co SC acquired a new position in shares of Option Care Health in the 3rd quarter valued at $56,000. AXQ Capital LP raised its position in Option Care Health by 256.2% in the 3rd quarter. AXQ Capital LP now owns 40,092 shares of the company’s stock valued at $1,113,000 after purchasing an additional 28,836 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Option Care Health by 73.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,447 shares of the company’s stock worth $68,000 after purchasing an additional 1,040 shares during the period. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Option Care Health Price Performance

Shares of NASDAQ:OPCH opened at $33.60 on Thursday. Option Care Health, Inc. has a 52 week low of $24.24 and a 52 week high of $36.80. The company has a 50-day moving average price of $34.00 and a 200 day moving average price of $30.53. The company has a market cap of $5.33 billion, a P/E ratio of 26.25, a PEG ratio of 2.02 and a beta of 0.84. The company has a quick ratio of 1.05, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on OPCH. Citizens Jmp restated a “market outperform” rating and issued a $38.00 price objective (up from $36.00) on shares of Option Care Health in a research note on Tuesday, January 13th. Weiss Ratings restated a “hold (c)” rating on shares of Option Care Health in a research report on Monday, December 29th. Stephens raised Option Care Health to a “strong-buy” rating in a research note on Thursday, December 11th. TD Cowen reaffirmed a “hold” rating on shares of Option Care Health in a research report on Tuesday, January 27th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $37.00 target price on shares of Option Care Health in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.58.

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.