Option Care Health, Inc. (NASDAQ:OPCH) Holdings Boosted by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. raised its position in Option Care Health, Inc. (NASDAQ:OPCH) by 3,362.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,489 shares of the company’s stock after purchasing an additional 1,446 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Option Care Health were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its stake in shares of Option Care Health by 9.1% in the second quarter. Thrivent Financial for Lutherans now owns 5,459,119 shares of the company’s stock valued at $151,218,000 after purchasing an additional 455,310 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of Option Care Health by 15.4% in the first quarter. Westfield Capital Management Co. LP now owns 5,171,385 shares of the company’s stock valued at $173,448,000 after purchasing an additional 688,653 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Option Care Health by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,605,271 shares of the company’s stock valued at $99,870,000 after purchasing an additional 218,844 shares during the period. Magnetar Financial LLC increased its stake in shares of Option Care Health by 124.8% in the second quarter. Magnetar Financial LLC now owns 2,481,935 shares of the company’s stock valued at $68,750,000 after purchasing an additional 1,377,929 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Option Care Health in the second quarter valued at approximately $68,003,000. Institutional investors and hedge funds own 98.05% of the company’s stock.

Insiders Place Their Bets

In other Option Care Health news, CFO Michael H. Shapiro sold 23,217 shares of Option Care Health stock in a transaction that occurred 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 owns 247,317 shares in the company, valued at approximately $7,654,461.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Option Care Health news, Director Elizabeth Quadros Betten sold 47,531 shares of Option Care Health stock in a transaction that occurred on Wednesday, August 21st. The shares were 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 in the company, valued at approximately $663,429.51. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $718,566.15. Following the completion of the transaction, the chief financial officer now directly owns 247,317 shares of the company’s stock, valued at $7,654,461.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by company insiders.

Option Care Health Price Performance

NASDAQ OPCH opened at $29.76 on Friday. Option Care Health, Inc. has a 12 month low of $26.11 and a 12 month high of $34.63. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.76 and a quick ratio of 1.36. The firm has a market capitalization of $5.17 billion, a PE ratio of 19.58, a P/E/G ratio of 2.21 and a beta of 1.29. The company’s 50 day simple moving average is $31.07 and its 200 day simple moving average is $30.11.

Option Care Health (NASDAQ:OPCH) last posted its quarterly earnings results 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. The firm had revenue of $1.23 billion for 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 firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. As a group, equities research analysts forecast that Option Care Health, Inc. will post 1.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on OPCH. Barrington Research reiterated an “outperform” rating and set a $40.00 price objective on shares of Option Care Health in a research note on Wednesday. JMP Securities raised their price objective on shares of Option Care Health from $36.00 to $37.00 and gave the company a “market outperform” rating in a research note on Monday, September 30th.

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.