Teachers Retirement System of The State of Kentucky Trims Position in Option Care Health, Inc. $OPCH

Teachers Retirement System of The State of Kentucky reduced its holdings in Option Care Health, Inc. (NASDAQ:OPCH) by 51.5% during the 3rd quarter, Holdings Channel reports. The fund owned 48,325 shares of the company’s stock after selling 51,385 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Option Care Health were worth $1,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada grew its position in Option Care Health by 20.7% during the 1st quarter. Royal Bank of Canada now owns 231,161 shares of the company’s stock worth $8,078,000 after purchasing an additional 39,661 shares during the period. AQR Capital Management LLC boosted its stake in shares of Option Care Health by 162.6% in the first quarter. AQR Capital Management LLC now owns 41,633 shares of the company’s stock worth $1,450,000 after buying an additional 25,777 shares during the last quarter. Empowered Funds LLC acquired a new stake in Option Care Health during the first quarter worth about $208,000. Envestnet Asset Management Inc. lifted its stake in shares of Option Care Health by 8.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 198,876 shares of the company’s stock valued at $6,459,000 after purchasing an additional 14,696 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of Option Care Health by 1.6% during the 2nd quarter. Assetmark Inc. now owns 26,690 shares of the company’s stock worth $867,000 after acquiring an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Option Care Health Stock Down 0.8%

OPCH stock opened at $30.48 on Friday. Option Care Health, Inc. has a one year low of $24.24 and a one year high of $36.80. The firm has a market cap of $4.77 billion, a PE ratio of 23.81, a PEG ratio of 1.72 and a beta of 0.85. The firm’s 50 day moving average price is $33.89 and its 200-day moving average price is $30.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.96 and a current ratio of 1.53.

Option Care Health (NASDAQ:OPCH) last posted its earnings results on Tuesday, February 24th. The company reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. Option Care Health had a return on equity of 18.57% and a net margin of 3.67%.The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, equities research analysts anticipate that Option Care Health, Inc. will post 1.22 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on OPCH shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Option Care Health in a research note on Monday, December 29th. Citizens Jmp restated a “market outperform” rating and set a $38.00 price objective (up from $36.00) on shares of Option Care Health in a research report on Tuesday, January 13th. Morgan Stanley lifted their target price on shares of Option Care Health from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Wall Street Zen downgraded shares of Option Care Health from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, National Bank Financial set a $37.00 price objective on Option Care Health in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Option Care Health presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.27.

Option Care Health Profile

Option Care Health (NASDAQ: OPCH) is a leading provider of home and alternate site infusion services in the United States. The company specializes in the administration of injectable therapies, including antibiotics, nutrition, hydration, immunoglobulin, pain management and specialty pharmaceuticals. Through its nationwide network of infusion pharmacies and nursing professionals, Option Care Health delivers customized care plans and in-home nursing visits to patients managing complex or chronic conditions outside of a hospital setting.

Option Care Health traces its current structure to the completion of its merger with BioScrip in early 2021, combining two of the industry’s most experienced home infusion businesses.