Whalen Wealth Management Inc. Has $449,000 Position in Option Care Health, Inc. $OPCH

Whalen Wealth Management Inc. increased its stake in Option Care Health, Inc. (NASDAQ:OPCH) by 13.2% in the 2nd quarter, Holdings Channel reports. The firm owned 13,831 shares of the company’s stock after purchasing an additional 1,618 shares during the period. Whalen Wealth Management Inc.’s holdings in Option Care Health were worth $449,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Jennison Associates LLC lifted its holdings in Option Care Health by 145.6% in the 2nd quarter. Jennison Associates LLC now owns 2,138,248 shares of the company’s stock worth $69,450,000 after purchasing an additional 1,267,660 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Option Care Health in the 2nd quarter worth approximately $4,645,000. Convergence Investment Partners LLC acquired a new stake in Option Care Health in the 2nd quarter worth approximately $447,000. Envestnet Asset Management Inc. lifted its holdings in Option Care Health by 8.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 198,876 shares of the company’s stock worth $6,459,000 after purchasing an additional 14,696 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Option Care Health by 20.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,701 shares of the company’s stock worth $120,000 after purchasing an additional 635 shares during the last quarter. 98.05% of the stock is currently owned by institutional investors and hedge funds.

Option Care Health Stock Performance

Shares of NASDAQ OPCH opened at $28.20 on Wednesday. The business has a fifty day simple moving average of $27.98 and a 200 day simple moving average of $29.99. The company has a current ratio of 1.52, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.69 and a beta of 0.88. Option Care Health, Inc. has a one year low of $21.39 and a one year high of $35.53.

Option Care Health (NASDAQ:OPCH) last issued its earnings results on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.35 billion. Option Care Health had a return on equity of 17.53% and a net margin of 3.93%.Option Care Health’s revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. Sell-side analysts expect that Option Care Health, Inc. will post 1.22 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley assumed coverage on Option Care Health in a report on Friday, October 17th. They issued an “overweight” rating and a $35.00 target price for the company. Cowen assumed coverage on Option Care Health in a report on Thursday, October 2nd. They issued a “hold” rating for the company. Barrington Research reaffirmed an “outperform” rating and issued a $38.00 price target on shares of Option Care Health in a research report on Tuesday, September 23rd. JMP Securities lifted their price target on Option Care Health from $36.00 to $38.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. Finally, TD Cowen assumed coverage on Option Care Health in a research report on Thursday, October 2nd. They issued a “hold” rating and a $30.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.10.

Insider Activity at Option Care Health

In other news, Director Timothy P. Sullivan bought 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was acquired at an average cost of $27.51 per share, for a total transaction of $550,200.00. Following the completion of the purchase, the director owned 49,229 shares of the company’s stock, valued at $1,354,289.79. This trade represents a 68.43% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Norman L. Wright bought 3,411 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average price of $29.31 per share, with a total value of $99,976.41. Following the completion of the purchase, the director directly owned 15,501 shares of the company’s stock, valued at $454,334.31. This represents a 28.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 59,411 shares of company stock worth $1,627,576. 0.64% of the stock is owned by corporate insiders.

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.