Mutual of America Capital Management LLC Trims Holdings in Option Care Health, Inc. (NASDAQ:OPCH)

Mutual of America Capital Management LLC lowered its position in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 5.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 173,596 shares of the company’s stock after selling 9,229 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Option Care Health were worth $4,809,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of OPCH. Principal Securities Inc. bought a new stake in shares of Option Care Health during the 4th quarter valued at $27,000. Parallel Advisors LLC raised its holdings in Option Care Health by 130.2% during the fourth quarter. Parallel Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after acquiring an additional 478 shares during the period. TFO Wealth Partners LLC lifted its position 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 valued at $33,000 after acquiring an additional 985 shares in the last quarter. Park Place Capital Corp lifted its position in shares of Option Care Health by 48.4% in 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 in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Option Care Health by 14.8% in the second quarter. Blue Trust Inc. now owns 2,931 shares of the company’s stock worth $81,000 after acquiring an additional 377 shares during the period. 98.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research firms recently commented on OPCH. Barrington Research boosted their price target on Option Care Health from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. 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 objective on the stock.

Option Care Health Price Performance

NASDAQ:OPCH opened at $31.90 on Friday. The business’s 50-day moving average is $31.20 and its 200 day moving average is $30.46. Option Care Health, Inc. has a 12 month low of $26.11 and a 12 month high of $34.63. The company has a market capitalization of $5.54 billion, a P/E ratio of 20.99, a P/E/G ratio of 2.46 and a beta of 1.29. The company has a current ratio of 1.76, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78.

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

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.