Picton Mahoney Asset Management Has $9.38 Million Position in Option Care Health, Inc. (NASDAQ:OPCH)

Picton Mahoney Asset Management trimmed its position in Option Care Health, Inc. (NASDAQ:OPCH) by 31.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,516 shares of the company’s stock after selling 128,133 shares during the period. Picton Mahoney Asset Management owned approximately 0.16% of Option Care Health worth $9,382,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Option Care Health by 11.8% during the third quarter. Vanguard Group Inc. now owns 19,319,352 shares of the company’s stock worth $624,981,000 after purchasing an additional 2,037,162 shares during the period. Third Point LLC lifted its stake in Option Care Health by 55.7% in the third quarter. Third Point LLC now owns 5,450,659 shares of the company’s stock valued at $176,329,000 after buying an additional 1,950,659 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Option Care Health in the third quarter valued at approximately $36,239,000. Fiera Capital Corp bought a new stake in shares of Option Care Health during the third quarter worth $21,370,000. Finally, Riverbridge Partners LLC increased its position in shares of Option Care Health by 49.5% during the fourth quarter. Riverbridge Partners LLC now owns 1,792,012 shares of the company’s stock worth $60,373,000 after acquiring an additional 593,706 shares in the last quarter. Institutional investors own 98.05% of the company’s stock.

Option Care Health Stock Up 1.0 %

OPCH stock traded up $0.30 during midday trading on Tuesday, hitting $30.32. The company’s stock had a trading volume of 1,361,266 shares, compared to its average volume of 1,314,733. The company’s fifty day moving average price is $31.62 and its 200 day moving average price is $31.38. Option Care Health, Inc. has a twelve month low of $26.17 and a twelve month high of $35.74. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.77 and a quick ratio of 1.39. The stock has a market capitalization of $5.27 billion, a P/E ratio of 19.95, a PEG ratio of 1.45 and a beta of 1.26.

Option Care Health (NASDAQ:OPCH) last released its earnings results on Tuesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. Option Care Health had a return on equity of 18.92% and a net margin of 6.15%. Option Care Health’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 earnings per share. As a group, equities research analysts predict that Option Care Health, Inc. will post 1.19 EPS for the current year.

Analysts Set New Price Targets

OPCH has been the subject of a number of research analyst reports. Jefferies Financial Group upped their target price on shares of Option Care Health from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Barrington Research restated an “outperform” rating and issued a $38.00 target price on shares of Option Care Health in a research note on Wednesday, April 24th.

Insider Activity at Option Care Health

In other news, Director Harry M. Jansen Kraemer, Jr. purchased 35,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of $31.55 per share, with a total value of $1,104,250.00. Following the completion of the transaction, the director now owns 269,528 shares of the company’s stock, valued at approximately $8,503,608.40. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.64% of the stock is owned by company 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.