Victory Capital Management Inc. Grows Stock Position in Option Care Health, Inc. (NASDAQ:OPCH)

Victory Capital Management Inc. increased its stake in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 31.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,125,433 shares of the company’s stock after purchasing an additional 503,840 shares during the quarter. Victory Capital Management Inc. owned 1.25% of Option Care Health worth $49,310,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OPCH. UMB Bank n.a. lifted its stake in shares of Option Care Health by 41.7% in the 4th quarter. UMB Bank n.a. now owns 1,176 shares of the company’s stock worth $27,000 after acquiring an additional 346 shares during the period. International Assets Investment Management LLC raised its holdings in Option Care Health by 3,029.7% during the third quarter. International Assets Investment Management LLC now owns 2,848 shares of the company’s stock worth $91,000 after purchasing an additional 2,757 shares in the last quarter. Quarry LP lifted its position in Option Care Health by 327.7% in the third quarter. Quarry LP now owns 3,430 shares of the company’s stock valued at $107,000 after purchasing an additional 2,628 shares during the period. Blue Trust Inc. boosted its holdings in Option Care Health by 16.9% in the 4th quarter. Blue Trust Inc. now owns 4,703 shares of the company’s stock valued at $109,000 after purchasing an additional 681 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in Option Care Health by 2,621.3% during the 4th quarter. Venturi Wealth Management LLC now owns 4,735 shares of the company’s stock worth $110,000 after purchasing an additional 4,561 shares during the period. 98.05% of the stock is currently owned by hedge funds and other institutional investors.

Option Care Health Price Performance

Option Care Health stock opened at $34.01 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.73 and a debt-to-equity ratio of 0.77. The firm’s 50-day simple moving average is $29.83 and its 200 day simple moving average is $28.20. Option Care Health, Inc. has a 52 week low of $21.39 and a 52 week high of $34.85. The firm has a market capitalization of $5.62 billion, a PE ratio of 28.58, a P/E/G ratio of 2.30 and a beta of 1.33.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on OPCH shares. JMP Securities reissued a “market outperform” rating and issued a $30.00 price target (down from $31.00) on shares of Option Care Health in a report on Friday, January 10th. JPMorgan Chase & Co. raised their target price on Option Care Health from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday. Jefferies Financial Group upgraded shares of Option Care Health from a “hold” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $35.00 in a research report on Thursday, January 23rd. Bank of America upgraded shares of Option Care Health from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $33.00 in a report on Monday, January 13th. Finally, Barrington Research boosted their price objective on shares of Option Care Health from $33.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Option Care Health currently has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Insider Buying and Selling at Option Care Health

In related news, insider Michael Bavaro sold 30,996 shares of Option Care Health stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $33.26, for a total transaction of $1,030,926.96. Following the completion of the transaction, the insider now directly owns 44,974 shares in the company, valued at $1,495,835.24. The trade was a 40.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.64% of the company’s stock.

Option Care Health Company 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.