Massachusetts Financial Services Co. MA Makes New $68 Million Investment in Option Care Health, Inc. (NASDAQ:OPCH)

Massachusetts Financial Services Co. MA purchased a new stake in shares of Option Care Health, Inc. (NASDAQ:OPCH) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,454,968 shares of the company’s stock, valued at approximately $68,003,000.

Other institutional investors also recently modified their holdings of the company. Principal Securities Inc. bought a new stake in Option Care Health in the 4th quarter worth approximately $27,000. Parallel Advisors LLC grew its holdings in shares of Option Care Health by 130.2% in the fourth quarter. Parallel Advisors LLC now owns 845 shares of the company’s stock worth $28,000 after acquiring an additional 478 shares during the period. TFO Wealth Partners LLC grew its holdings in shares of Option Care Health by 24,625.0% in the fourth quarter. TFO Wealth Partners LLC now owns 989 shares of the company’s stock worth $33,000 after acquiring an additional 985 shares during the period. Park Place Capital Corp increased its position in Option Care Health by 48.4% during the first quarter. Park Place Capital Corp now owns 1,140 shares of the company’s stock valued at $38,000 after acquiring an additional 372 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Option Care Health by 14.8% in the second quarter. Blue Trust Inc. now owns 2,931 shares of the company’s stock valued at $81,000 after acquiring an additional 377 shares during the period. 98.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JMP Securities assumed coverage on shares of Option Care Health in a research report on Tuesday, July 16th. They set an “outperform” rating and a $36.00 price target for the company. Barrington Research increased their price target on shares of Option Care Health from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st.

Option Care Health Stock Up 1.4 %

OPCH stock opened at $31.55 on Friday. The business’s 50-day moving average price is $31.15 and its 200-day moving average price is $30.48. The stock has a market cap of $5.48 billion, a P/E ratio of 20.76, a PEG ratio of 2.46 and a beta of 1.29. The company has a quick ratio of 1.36, a current ratio of 1.76 and a debt-to-equity ratio of 0.78. Option Care Health, Inc. has a twelve month low of $26.11 and a twelve month high of $34.63.

Option Care Health (NASDAQ:OPCH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.03. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. Option Care Health had a net margin of 4.60% and a return on equity of 14.82%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 earnings per share. On average, equities research analysts forecast that Option Care Health, Inc. will post 1.22 EPS for the current year.

Insider Buying and Selling

In other Option Care Health news, CFO Michael H. Shapiro sold 23,217 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $30.95, for a total transaction of $718,566.15. Following the sale, the chief financial officer now directly owns 247,317 shares of the company’s stock, valued at $7,654,461.15. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Elizabeth Quadros Betten sold 47,531 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $31.09, for a total value of $1,477,738.79. Following the transaction, the director now owns 21,339 shares of the company’s stock, valued at $663,429.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael H. Shapiro sold 23,217 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $30.95, for a total transaction of $718,566.15. Following the transaction, the chief financial officer now directly owns 247,317 shares of the company’s stock, valued at $7,654,461.15. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.

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.