Option Care Health, Inc. (NASDAQ:OPCH) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Option Care Health, Inc. (NASDAQ:OPCH) by 6.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,605,271 shares of the company’s stock after acquiring an additional 218,844 shares during the period. Dimensional Fund Advisors LP owned about 2.07% of Option Care Health worth $99,870,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new position in Option Care Health during the 2nd quarter worth $68,003,000. Envestnet Asset Management Inc. grew its position in shares of Option Care Health by 2.8% during the second quarter. Envestnet Asset Management Inc. now owns 231,315 shares of the company’s stock worth $6,407,000 after buying an additional 6,283 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Option Care Health by 15.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 65,075 shares of the company’s stock worth $1,803,000 after buying an additional 8,695 shares during the period. Federated Hermes Inc. raised its holdings in Option Care Health by 5.5% in the second quarter. Federated Hermes Inc. now owns 20,621 shares of the company’s stock valued at $571,000 after acquiring an additional 1,073 shares in the last quarter. Finally, Qsemble Capital Management LP purchased a new position in Option Care Health in the second quarter worth approximately $1,053,000. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Analyst Ratings Changes

OPCH has been the topic of a number of recent analyst reports. Barrington Research increased their price objective on shares of Option Care Health from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. JMP Securities began coverage on Option Care Health in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 price target on the stock.

Insiders Place Their Bets

In other news, CFO Michael H. Shapiro sold 23,217 shares of the 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 $7,654,461.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Michael H. Shapiro sold 23,217 shares of Option Care Health 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 transaction, the chief financial officer now directly owns 247,317 shares of the company’s stock, valued at approximately $7,654,461.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizabeth Quadros Betten sold 47,531 shares of the stock in a transaction 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 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 corporate insiders.

Option Care Health Trading Down 1.1 %

Shares of Option Care Health stock opened at $31.45 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78. The company has a fifty day simple moving average of $31.23 and a 200-day simple moving average of $30.44. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.46 and a beta of 1.29. Option Care Health, Inc. has a 12-month low of $26.11 and a 12-month high of $34.63.

Option Care Health (NASDAQ:OPCH) last issued its quarterly earnings data 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. Option Care Health had a return on equity of 14.82% and a net margin of 4.60%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company posted $0.63 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities analysts forecast that Option Care Health, Inc. will post 1.22 EPS for the current fiscal year.

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.