Sei Investments Co. Has $13.59 Million Holdings in Option Care Health, Inc. (NASDAQ:OPCH)

Sei Investments Co. cut its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 4.5% during the second quarter, Holdings Channel reports. The fund owned 490,668 shares of the company’s stock after selling 23,068 shares during the period. Sei Investments Co.’s holdings in Option Care Health were worth $13,591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in shares of Option Care Health by 130.2% during the fourth quarter. Parallel Advisors LLC now owns 845 shares of the company’s stock worth $28,000 after purchasing an additional 478 shares during the last quarter. TFO Wealth Partners LLC lifted its position in Option Care Health by 24,625.0% during the 4th quarter. TFO Wealth Partners LLC now owns 989 shares of the company’s stock worth $33,000 after buying an additional 985 shares in the last quarter. Park Place Capital Corp grew its holdings 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 acquiring an additional 372 shares during the last quarter. Blue Trust Inc. increased its position in Option Care Health by 14.8% in the 2nd quarter. Blue Trust Inc. now owns 2,931 shares of the company’s stock valued at $81,000 after acquiring an additional 377 shares in the last quarter. Finally, SageView Advisory Group LLC bought a new position in shares of Option Care Health in the first quarter worth about $85,000. 98.05% of the stock is owned by institutional investors and hedge funds.

Option Care Health Stock Up 0.8 %

Shares of NASDAQ OPCH opened at $31.42 on Friday. 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 firm has a market capitalization of $5.46 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 2.42 and a beta of 1.29. The firm’s 50-day moving average is $31.29 and its 200-day moving average is $30.43. Option Care Health, Inc. has a 1 year low of $26.11 and a 1 year high of $34.63.

Option Care Health (NASDAQ:OPCH) last released its earnings results on Wednesday, July 31st. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 EPS. Equities analysts expect that Option Care Health, Inc. will post 1.22 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity at Option Care Health

In other Option Care Health news, Director Elizabeth Quadros Betten sold 47,531 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $31.09, for a total value of $1,477,738.79. Following the transaction, the director now owns 21,339 shares of the company’s stock, valued at $663,429.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $718,566.15. Following the transaction, the chief financial officer now directly 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 the SEC website. Also, Director Elizabeth Quadros Betten sold 47,531 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $31.09, for a total transaction of $1,477,738.79. Following the completion of 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.

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.