Norden Group LLC Buys 4,501 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Norden Group LLC increased its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 42.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,138 shares of the company’s stock after purchasing an additional 4,501 shares during the quarter. Norden Group LLC’s holdings in Option Care Health were worth $508,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Mutual of America Capital Management LLC lifted its stake in Option Care Health by 63.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 190,684 shares of the company’s stock valued at $6,424,000 after acquiring an additional 73,938 shares during the last quarter. Westfield Capital Management Co. LP raised its position in shares of Option Care Health by 19.6% in the fourth quarter. Westfield Capital Management Co. LP now owns 4,482,732 shares of the company’s stock valued at $151,023,000 after purchasing an additional 735,344 shares during the period. Principal Financial Group Inc. increased its position in Option Care Health by 6.9% during the fourth quarter. Principal Financial Group Inc. now owns 968,233 shares of the company’s stock worth $32,620,000 after acquiring an additional 62,449 shares during the period. Wellington Management Group LLP increased its position in Option Care Health by 15.9% during the third quarter. Wellington Management Group LLP now owns 2,896,392 shares of the company’s stock worth $93,698,000 after acquiring an additional 397,627 shares during the period. Finally, HealthInvest Partners AB bought a new position in Option Care Health during the fourth quarter worth about $1,254,000. Institutional investors and hedge funds own 98.05% of the company’s stock.

Option Care Health Price Performance

OPCH stock opened at $28.96 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.77 and a debt-to-equity ratio of 0.74. Option Care Health, Inc. has a 12 month low of $26.11 and a 12 month high of $35.74. The firm has a market cap of $5.03 billion, a P/E ratio of 19.05, a P/E/G ratio of 1.30 and a beta of 1.24. The company’s 50-day moving average price is $28.78 and its two-hundred day moving average price is $30.96.

Option Care Health (NASDAQ:OPCH) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Option Care Health had a net margin of 6.15% and a return on equity of 18.92%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the company posted $0.21 EPS. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, analysts anticipate that Option Care Health, Inc. will post 1.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and set a $38.00 price target on shares of Option Care Health in a research report on Wednesday, April 24th.

About Option Care Health

Option Care Health, Inc offers home and alternate site infusion services in the United States. The company provides anti-infective therapies; home infusion services to treat heart failures; home parenteral nutrition and enteral nutrition support services for numerous acute and chronic conditions, such as stroke, cancer, and gastrointestinal diseases; immunoglobulin infusion therapies for the treatment of immune deficiencies; and treatments for chronic inflammatory disorders, including crohn's disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders.