Norden Group LLC Grows Stock Holdings in Option Care Health, Inc. (NASDAQ:OPCH)

Norden Group LLC lifted its position in Option Care Health, Inc. (NASDAQ:OPCH) by 1,043.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 121,592 shares of the company’s stock after buying an additional 110,955 shares during the period. Norden Group LLC owned approximately 0.07% of Option Care Health worth $4,078,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Lifestyle Asset Management Inc. purchased a new position in Option Care Health in the first quarter worth $211,000. State of Michigan Retirement System boosted its position in shares of Option Care Health by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 43,459 shares of the company’s stock worth $1,458,000 after purchasing an additional 1,000 shares in the last quarter. Park Place Capital Corp grew its stake in Option Care Health by 48.4% during the 1st quarter. Park Place Capital Corp now owns 1,140 shares of the company’s stock worth $38,000 after buying an additional 372 shares during the last quarter. Rheos Capital Works Inc. increased its position in Option Care Health by 9.8% during the 1st quarter. Rheos Capital Works Inc. now owns 357,600 shares of the company’s stock valued at $11,994,000 after buying an additional 32,000 shares in the last quarter. Finally, Congress Asset Management Co. MA raised its stake in Option Care Health by 26.5% in the first quarter. Congress Asset Management Co. MA now owns 257,580 shares of the company’s stock valued at $8,639,000 after buying an additional 54,011 shares during the last quarter. Institutional investors own 98.05% of the company’s stock.

Option Care Health Trading Down 2.1 %

NASDAQ:OPCH opened at $26.96 on Thursday. The company has a market capitalization of $4.69 billion, a P/E ratio of 17.74, a PEG ratio of 1.34 and a beta of 1.24. The company has a current ratio of 1.77, a quick ratio of 1.39 and a debt-to-equity ratio of 0.74. Option Care Health, Inc. has a 12 month low of $26.17 and a 12 month high of $35.74. The firm has a fifty day simple moving average of $29.08 and a 200-day simple moving average of $31.18.

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

Analyst Ratings Changes

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

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.