Option Care Health, Inc. $OPCH Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC increased its stake in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 234.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 434,408 shares of the company’s stock after buying an additional 304,376 shares during the period. Squarepoint Ops LLC’s holdings in Option Care Health were worth $9,110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in Option Care Health by 20.7% in the first quarter. Royal Bank of Canada now owns 231,161 shares of the company’s stock valued at $8,078,000 after buying an additional 39,661 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Option Care Health by 162.6% during the 1st quarter. AQR Capital Management LLC now owns 41,633 shares of the company’s stock valued at $1,450,000 after acquiring an additional 25,777 shares during the period. Empowered Funds LLC purchased a new stake in shares of Option Care Health during the 1st quarter worth approximately $208,000. Invesco Ltd. boosted its stake in shares of Option Care Health by 2.7% during the 2nd quarter. Invesco Ltd. now owns 294,363 shares of the company’s stock worth $9,561,000 after acquiring an additional 7,678 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Option Care Health by 528.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,407 shares of the company’s stock worth $46,000 after acquiring an additional 1,183 shares during the period. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Option Care Health Trading Down 0.0%

Shares of OPCH opened at $23.63 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.47 and a quick ratio of 0.98. Option Care Health, Inc. has a 1-year low of $18.01 and a 1-year high of $36.80. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.37 and a beta of 0.61. The firm has a 50 day simple moving average of $23.00 and a 200-day simple moving average of $24.46.

Option Care Health (NASDAQ:OPCH) last posted its earnings results on Wednesday, July 29th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Option Care Health had a return on equity of 18.74% and a net margin of 3.68%.Option Care Health’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. Option Care Health has set its FY 2026 guidance at 1.850-1.920 EPS. Equities analysts forecast that Option Care Health, Inc. will post 1.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on OPCH shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $24.00 price objective (down from $26.00) on shares of Option Care Health in a research note on Thursday, July 30th. Weiss Ratings lowered Option Care Health from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, August 27th. Stephens restated an “equal weight” rating and issued a $24.00 price target (down from $30.00) on shares of Option Care Health in a research report on Friday, July 17th. Wall Street Zen upgraded Option Care Health from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, The Goldman Sachs Group assumed coverage on Option Care Health in a research note on Monday, June 8th. They set a “neutral” rating and a $22.00 price target for the company. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $29.92.

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.