Option Care Health, Inc. $OPCH Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in Option Care Health, Inc. (NASDAQ:OPCH) by 22.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 155,344 shares of the company’s stock after selling 45,565 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Option Care Health were worth $4,312,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. USA Financial Formulas purchased a new stake in shares of Option Care Health in the second quarter valued at approximately $26,000. McIlrath & Eck LLC acquired a new stake in Option Care Health in the 2nd quarter valued at $37,000. Elevation Point Wealth Partners LLC purchased a new stake in Option Care Health in the 2nd quarter worth $40,000. EverSource Wealth Advisors LLC raised its position in Option Care Health by 528.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,407 shares of the company’s stock worth $46,000 after acquiring an additional 1,183 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new position in Option Care Health during the third quarter worth $56,000. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Insiders Place Their Bets

In related news, Director Harry M. Jansen Kraemer, Jr. bought 38,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was bought at an average cost of $25.98 per share, for a total transaction of $987,240.00. Following the acquisition, the director directly owned 413,390 shares in the company, valued at $10,739,872.20. This represents a 10.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.64% of the company’s stock.

Option Care Health Trading Down 2.4%

Shares of Option Care Health stock opened at $35.33 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.56 and a quick ratio of 1.05. The stock’s 50 day simple moving average is $32.56 and its 200-day simple moving average is $29.78. The stock has a market cap of $5.61 billion, a P/E ratio of 28.04, a P/E/G ratio of 2.16 and a beta of 0.80. Option Care Health, Inc. has a 1-year low of $24.24 and a 1-year high of $36.80.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on OPCH shares. Morgan Stanley lifted their target price on shares of Option Care Health from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Citizens Jmp reiterated a “market outperform” rating and issued a $38.00 price objective (up from $36.00) on shares of Option Care Health in a report on Tuesday, January 13th. Stephens upgraded Option Care Health to a “strong-buy” rating in a research note on Thursday, December 11th. JMP Securities set a $36.00 target price on Option Care Health in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Option Care Health in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.46.

About Option Care Health

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.