Illinois Municipal Retirement Fund Purchases 18,370 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Illinois Municipal Retirement Fund lifted its position in Option Care Health, Inc. (NASDAQ:OPCH) by 114.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,460 shares of the company’s stock after buying an additional 18,370 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Option Care Health were worth $799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of OPCH. FMR LLC lifted its position in Option Care Health by 134.0% during the 3rd quarter. FMR LLC now owns 7,516,448 shares of the company’s stock worth $235,265,000 after acquiring an additional 4,304,896 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Option Care Health by 4,432.8% in the third quarter. Victory Capital Management Inc. now owns 1,621,593 shares of the company’s stock worth $50,756,000 after purchasing an additional 1,585,818 shares during the period. Wellington Management Group LLP lifted its position in shares of Option Care Health by 15.5% during the 3rd quarter. Wellington Management Group LLP now owns 9,924,915 shares of the company’s stock worth $310,650,000 after purchasing an additional 1,328,326 shares during the last quarter. Geneva Capital Management LLC bought a new stake in Option Care Health during the 3rd quarter valued at approximately $24,679,000. Finally, Westfield Capital Management Co. LP grew its holdings in Option Care Health by 10.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,492,152 shares of the company’s stock valued at $203,204,000 after buying an additional 599,589 shares during the last quarter. 98.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Option Care Health

In related news, insider Michael Bavaro sold 30,996 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $33.26, for a total value of $1,030,926.96. Following the sale, the insider now owns 44,974 shares of the company’s stock, valued at $1,495,835.24. The trade was a 40.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.64% of the company’s stock.

Option Care Health Stock Performance

NASDAQ OPCH opened at $33.96 on Tuesday. Option Care Health, Inc. has a twelve month low of $21.39 and a twelve month high of $34.57. The company has a quick ratio of 1.32, a current ratio of 1.73 and a debt-to-equity ratio of 0.77. The stock has a market cap of $5.78 billion, a P/E ratio of 28.54, a PEG ratio of 2.30 and a beta of 1.35. The company’s 50-day simple moving average is $28.92 and its 200 day simple moving average is $28.07.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on OPCH shares. Jefferies Financial Group upgraded Option Care Health from a “hold” rating to a “buy” rating and upped their price target for the stock from $26.00 to $35.00 in a report on Thursday, January 23rd. Barrington Research increased their price target on shares of Option Care Health from $33.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their price target on shares of Option Care Health from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. UBS Group assumed coverage on shares of Option Care Health in a research report on Thursday, December 5th. They set a “neutral” rating and a $26.00 price objective for the company. Finally, Bank of America upgraded shares of Option Care Health from a “neutral” rating to a “buy” rating and increased their target price for the company from $26.00 to $33.00 in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $32.88.

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.