Option Care Health, Inc. $OPCH Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its position in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 48.5% during the third quarter, Holdings Channel reports. The fund owned 123,574 shares of the company’s stock after acquiring an additional 40,358 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Option Care Health were worth $3,430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OPCH. Durable Capital Partners LP lifted its stake 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 worth $267,557,000 after purchasing an additional 4,720,988 shares during the period. Norges Bank acquired a new position in Option Care Health in the second quarter valued at $69,932,000. Swedbank AB purchased a new position in Option Care Health during the third quarter worth about $49,455,000. Arrowstreet Capital Limited Partnership boosted its stake in Option Care Health by 109.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,410,394 shares of the company’s stock worth $110,770,000 after buying an additional 1,778,279 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in Option Care Health by 145.6% in the 2nd quarter. Jennison Associates LLC now owns 2,138,248 shares of the company’s stock valued at $69,450,000 after buying an additional 1,267,660 shares during the period. 98.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on OPCH shares. Stephens upgraded shares of Option Care Health to a “strong-buy” rating in a report on Thursday, December 11th. Barrington Research lifted their price target on shares of Option Care Health from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, January 16th. Weiss Ratings restated a “hold (c)” rating on shares of Option Care Health in a report on Monday, December 29th. Jefferies Financial Group reissued a “buy” rating and set a $37.00 target price on shares of Option Care Health in a research report on Tuesday, January 13th. Finally, Truist Financial set a $40.00 price target on shares of Option Care Health in a research report on Tuesday, January 13th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.46.

Option Care Health Trading Up 2.9%

OPCH opened at $35.42 on Friday. The firm’s 50 day moving average is $33.61 and its 200-day moving average is $30.17. Option Care Health, Inc. has a 52-week low of $24.24 and a 52-week high of $36.80. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $5.62 billion, a P/E ratio of 28.11, a P/E/G ratio of 2.11 and a beta of 0.84.

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.