First Eagle Investment Management LLC Has $5.94 Million Stock Holdings in Option Care Health, Inc. (NASDAQ:OPCH)

First Eagle Investment Management LLC raised its holdings in Option Care Health, Inc. (NASDAQ:OPCH) by 33.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 214,537 shares of the company’s stock after acquiring an additional 53,250 shares during the period. First Eagle Investment Management LLC’s holdings in Option Care Health were worth $5,943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Westfield Capital Management Co. LP boosted 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 acquiring an additional 735,344 shares during the period. Schroder Investment Management Group raised its stake in Option Care Health by 7.3% during the 4th quarter. Schroder Investment Management Group now owns 1,417,591 shares of the company’s stock valued at $47,759,000 after purchasing an additional 96,587 shares during the last quarter. Congress Asset Management Co. MA boosted its holdings in Option Care Health by 37.2% in the 4th quarter. Congress Asset Management Co. MA now owns 203,569 shares of the company’s stock valued at $6,858,000 after purchasing an additional 55,233 shares during the period. Harbor Capital Advisors Inc. grew its position in Option Care Health by 317.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 96,375 shares of the company’s stock worth $2,670,000 after purchasing an additional 73,312 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Option Care Health by 40.9% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 394,254 shares of the company’s stock worth $13,282,000 after purchasing an additional 114,509 shares during the period. 98.05% of the stock is owned by institutional investors.

Option Care Health Trading Up 1.1 %

Shares of OPCH stock opened at $31.90 on Friday. The firm has a fifty day moving average of $31.20 and a 200-day moving average of $30.47. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 2.46 and a beta of 1.29. Option Care Health, Inc. has a 52-week low of $26.11 and a 52-week high of $34.63. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.76.

Option Care Health (NASDAQ:OPCH) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 earnings per share. On average, equities research analysts forecast that Option Care Health, Inc. will post 1.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Option Care Health

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

Option Care Health Profile

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.