Option Care Health, Inc. (NASDAQ:OPCH) Shares Sold by Bellevue Group AG

Bellevue Group AG reduced its stake in Option Care Health, Inc. (NASDAQ:OPCH) by 3.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,867,263 shares of the company’s stock after selling 71,544 shares during the period. Option Care Health makes up 1.0% of Bellevue Group AG’s investment portfolio, making the stock its 29th largest position. Bellevue Group AG’s holdings in Option Care Health were worth $62,628,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Principal Securities Inc. purchased a new stake in shares of Option Care Health in the fourth quarter valued at approximately $27,000. Parallel Advisors LLC grew its stake in Option Care Health by 130.2% during the 4th quarter. Parallel Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after purchasing an additional 478 shares in the last quarter. TFO Wealth Partners LLC increased its holdings in Option Care Health by 24,625.0% in the fourth quarter. TFO Wealth Partners LLC now owns 989 shares of the company’s stock valued at $33,000 after buying an additional 985 shares during the last quarter. Park Place Capital Corp raised its stake in Option Care Health by 48.4% during the first quarter. Park Place Capital Corp now owns 1,140 shares of the company’s stock worth $38,000 after acquiring an additional 372 shares during the period. Finally, SageView Advisory Group LLC acquired a new stake in shares of Option Care Health in the 1st quarter worth about $85,000. 98.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on OPCH shares. Barrington Research reiterated an “outperform” rating and set a $38.00 price objective on shares of Option Care Health in a research report on Thursday. JMP Securities began coverage on shares of Option Care Health in a research report on Tuesday, July 16th. They set an “outperform” rating and a $36.00 price objective for the company.

Option Care Health Stock Performance

Option Care Health stock traded up $0.14 during midday trading on Friday, hitting $31.14. The company’s stock had a trading volume of 1,073,496 shares, compared to its average volume of 1,947,834. The company has a 50-day moving average price of $28.92 and a two-hundred day moving average price of $30.71. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 1.51 and a beta of 1.24. Option Care Health, Inc. has a 1-year low of $26.11 and a 1-year 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.

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.