XTX Topco Ltd Invests $973,000 in Option Care Health, Inc. (NASDAQ:OPCH)

XTX Topco Ltd purchased a new position in Option Care Health, Inc. (NASDAQ:OPCH) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 35,111 shares of the company’s stock, valued at approximately $973,000.

A number of other institutional investors also recently made changes to their positions in OPCH. Principal Securities Inc. acquired a new stake in shares of Option Care Health in the 4th quarter worth approximately $27,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Option Care Health in the 4th quarter worth approximately $200,000. Norges Bank acquired a new stake in shares of Option Care Health in the 4th quarter worth approximately $64,343,000. PNC Financial Services Group Inc. lifted its stake in shares of Option Care Health by 17.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 29,374 shares of the company’s stock worth $990,000 after acquiring an additional 4,350 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in shares of Option Care Health by 16.8% in the 4th quarter. Corient Private Wealth LLC now owns 24,513 shares of the company’s stock worth $826,000 after acquiring an additional 3,529 shares during the period. 98.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on OPCH. JMP Securities began coverage on shares of Option Care Health in a research note on Tuesday, July 16th. They set an “outperform” rating and a $36.00 target price for the company. Barrington Research increased their target price on shares of Option Care Health from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st.

Option Care Health Stock Up 1.1 %

OPCH stock opened at $31.90 on Friday. 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 cap of $5.54 billion, a PE ratio of 20.99, a P/E/G 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. The firm has a 50 day simple moving average of $31.20 and a 200 day simple moving average of $30.46.

Option Care Health (NASDAQ:OPCH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 EPS. Equities research analysts forecast that Option Care Health, Inc. will post 1.22 earnings per share for the current fiscal year.

Insider Activity at Option Care Health

In related news, Director Elizabeth Quadros Betten sold 47,531 shares of the company’s 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 completion of the sale, the director now owns 21,339 shares in the company, valued at approximately $663,429.51. The sale was disclosed in a legal 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 the company’s 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Michael H. Shapiro sold 23,217 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 247,317 shares in the company, valued at approximately $7,654,461.15. The disclosure for this sale can be found here. 0.64% of the stock is owned by insiders.

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.