128,062 Shares in Option Care Health, Inc. $OPCH Acquired by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board acquired a new position in shares of Option Care Health, Inc. (NASDAQ:OPCH) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 128,062 shares of the company’s stock, valued at approximately $4,159,000. Ontario Teachers Pension Plan Board owned 0.08% of Option Care Health at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Intech Investment Management LLC grew its holdings in shares of Option Care Health by 1.5% during the 2nd quarter. Intech Investment Management LLC now owns 122,000 shares of the company’s stock worth $3,963,000 after purchasing an additional 1,808 shares in the last quarter. SG Americas Securities LLC lifted its position in Option Care Health by 8.7% during the second quarter. SG Americas Securities LLC now owns 23,117 shares of the company’s stock worth $751,000 after purchasing an additional 1,855 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Option Care Health by 3.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 42,072 shares of the company’s stock worth $1,366,000 after buying an additional 1,392 shares in the last quarter. Bailard Inc. grew its stake in Option Care Health by 40.4% during the second quarter. Bailard Inc. now owns 18,000 shares of the company’s stock worth $585,000 after buying an additional 5,180 shares in the last quarter. Finally, Boston Partners increased its holdings in Option Care Health by 34.8% in the 2nd quarter. Boston Partners now owns 952,299 shares of the company’s stock valued at $30,311,000 after buying an additional 245,990 shares during the period. 98.05% of the stock is owned by institutional investors and hedge funds.

Option Care Health Stock Down 1.5%

Shares of NASDAQ:OPCH opened at $28.41 on Friday. Option Care Health, Inc. has a 52-week low of $21.39 and a 52-week high of $35.53. The company has a market capitalization of $4.51 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 1.74 and a beta of 0.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.52. The company has a fifty day moving average of $27.77 and a 200-day moving average of $29.60.

Insider Buying and Selling

In other news, Director Norman L. Wright acquired 3,411 shares of the stock in a transaction dated Tuesday, September 9th. The stock was bought 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harry M. Jansen Kraemer, Jr. acquired 38,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average price of $25.98 per share, with a total value of $987,240.00. Following the acquisition, the director owned 413,390 shares in the company, valued at $10,739,872.20. The trade was a 10.12% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 97,411 shares of company stock worth $2,614,816 in the last 90 days. Insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on OPCH shares. Barrington Research reaffirmed an “outperform” rating and set a $38.00 price target on shares of Option Care Health in a report on Friday, October 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Option Care Health in a research report on Thursday. Citigroup reaffirmed an “outperform” rating on shares of Option Care Health in a report on Friday, October 31st. JMP Securities set a $36.00 price target on Option Care Health in a research note on Friday, October 31st. Finally, TD Cowen lowered their price target on Option Care Health from $30.00 to $27.00 and set a “hold” rating for the company in a report on Monday, November 3rd. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.67.

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.