Nisa Investment Advisors LLC Invests $26,000 in Option Care Health, Inc. (NASDAQ:OPCH)

Nisa Investment Advisors LLC bought a new position in Option Care Health, Inc. (NASDAQ:OPCH) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,200 shares of the company’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors have also made changes to their positions in OPCH. Trustcore Financial Services LLC boosted its stake in shares of Option Care Health by 33.3% in the 2nd quarter. Trustcore Financial Services LLC now owns 2,000 shares of the company’s stock worth $44,000 after buying an additional 500 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in shares of Option Care Health by 110.0% in the 2nd quarter. Advisor Group Holdings Inc. now owns 3,561 shares of the company’s stock worth $78,000 after buying an additional 1,865 shares during the last quarter. Qtron Investments LLC purchased a new position in shares of Option Care Health in the 1st quarter worth approximately $190,000. Clearbridge Investments LLC purchased a new position in shares of Option Care Health in the 1st quarter worth approximately $202,000. Finally, Amalgamated Bank purchased a new position in Option Care Health in the first quarter valued at approximately $203,000. Hedge funds and other institutional investors own 57.68% of the company’s stock.

Several equities analysts recently commented on the company. The Goldman Sachs Group upgraded Option Care Health from a “neutral” rating to a “buy” rating and upped their price objective for the company from $20.00 to $25.00 in a research note on Monday, July 19th. Lake Street Capital upped their price objective on Option Care Health from $27.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, August 30th. Zacks Investment Research upgraded Option Care Health from a “sell” rating to a “hold” rating and set a $23.00 price objective on the stock in a research note on Thursday, August 5th. TheStreet upgraded Option Care Health from a “c” rating to a “b-” rating in a research note on Tuesday, August 17th. Finally, Barrington Research upped their price objective on Option Care Health from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, August 4th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $25.56.

Shares of OPCH stock opened at $25.39 on Tuesday. The company’s fifty day simple moving average is $23.23 and its two-hundred day simple moving average is $20.74. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.60 and a quick ratio of 1.22. Option Care Health, Inc. has a 1 year low of $10.95 and a 1 year high of $28.21. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 94.04 and a beta of 1.16.

Option Care Health (NASDAQ:OPCH) last issued its earnings results on Tuesday, August 3rd. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10. Option Care Health had a net margin of 1.51% and a return on equity of 4.75%. The business had revenue of $860.27 million for the quarter, compared to analysts’ expectations of $783.92 million. During the same quarter in the previous year, the firm posted ($0.04) EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. Equities research analysts anticipate that Option Care Health, Inc. will post 0.55 EPS for the current year.

In other news, Director Madison Dearborn Partners Llc sold 9,200,000 shares of the company’s stock in a transaction on Thursday, September 9th. The shares were sold at an average price of $26.90, for a total value of $247,480,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy P. Sullivan sold 20,700,000 shares of the company’s stock in a transaction on Thursday, August 5th. The stock was sold at an average price of $20.25, for a total transaction of $419,175,000.00. The disclosure for this sale can be found here. Corporate insiders own 47.00% of the company’s stock.

About Option Care Health

Option Care Health, Inc engages in the provision of home and alternate site infusion services. The firm involves in the clinical management of infusion therapy, nursing support, and care coordination. It also offers anti-infective, nutrition support, heart failure, chronic inflammatory disorders, immunoglobulin, bleeding disorders, women’s health, neurological disorders, and specialized therapies.

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Institutional Ownership by Quarter for Option Care Health (NASDAQ:OPCH)

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