Van Berkom & Associates Inc. Purchases 397,369 Shares of Option Care Health, Inc. $OPCH

Van Berkom & Associates Inc. raised its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 18.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,583,253 shares of the company’s stock after acquiring an additional 397,369 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Option Care Health were worth $58,097,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in Option Care Health in the 2nd quarter worth $19,600,000. Southpoint Capital Advisors LP raised its stake in shares of Option Care Health by 20.0% in 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 in the last quarter. Squarepoint Ops LLC raised its stake in shares of Option Care Health by 234.1% in the 2nd quarter. Squarepoint Ops LLC now owns 434,408 shares of the company’s stock valued at $9,110,000 after purchasing an additional 304,376 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Option Care Health by 14.6% in the 1st quarter. Bank of America Corp DE now owns 1,945,015 shares of the company’s stock valued at $52,360,000 after purchasing an additional 247,766 shares in the last quarter. Finally, Leeward Investments LLC MA lifted its position in shares of Option Care Health by 20.1% during the third quarter. Leeward Investments LLC MA now owns 848,059 shares of the company’s stock worth $19,073,000 after purchasing an additional 142,007 shares during the last quarter. 98.05% of the stock is currently owned by hedge funds and other institutional investors.

Option Care Health Price Performance

Shares of NASDAQ OPCH opened at $31.69 on Tuesday. Option Care Health, Inc. has a 1-year low of $18.01 and a 1-year high of $36.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.54 and a quick ratio of 0.98. The business’s fifty day moving average price is $27.45 and its two-hundred day moving average price is $26.35. The firm has a market capitalization of $4.75 billion, a PE ratio of 22.80, a P/E/G ratio of 1.92 and a beta of 0.47.

Option Care Health (NASDAQ:OPCH) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. Option Care Health had a net margin of 3.74% and a return on equity of 19.06%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, research analysts expect that Option Care Health, Inc. will post 1.70 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft downgraded Option Care Health from a “buy” rating to a “hold” rating and decreased their price target for the stock from $26.00 to $24.00 in a research note on Thursday, July 30th. Stephens downgraded Option Care Health from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $30.00 to $24.00 in a report on Friday, July 17th. Citizens Jmp lowered Option Care Health from a “market outperform” rating to a “hold” rating in a research report on Wednesday, October 7th. William Blair downgraded Option Care Health from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. downgraded Option Care Health from an “overweight” rating to a “neutral” rating and set a $33.00 price target for the company. in a report on Wednesday, October 7th. Two equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $29.48.

About Option Care Health

Option Care Health, Inc is a U.S. provider of home and alternate-site infusion therapy services. The company coordinates infusion care for patients who need medications or nutritional support administered outside a hospital, including in their homes or at infusion centers.

Its services include specialty pharmacy, nursing, care coordination and clinical support. Option Care Health provides therapies for a range of acute and chronic conditions, including immune disorders, infections, bleeding disorders and nutritional needs.

The company serves patients and health care providers across the United States.