Option Care Health, Inc. (NASDAQ:OPCH) Shares Purchased by Texas Permanent School Fund Corp

Posted by Defense World Staff on Jul 24th, 2023

Texas Permanent School Fund Corp grew its stake in shares of Option Care Health, Inc. (NASDAQ:OPCH – Free Report) by 44.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 150,079 shares of the company’s stock after acquiring an additional 46,133 shares during the quarter. Texas Permanent School Fund Corp owned about 0.08% of Option Care Health worth $4,768,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of OPCH. Norges Bank acquired a new position in shares of Option Care Health during the 4th quarter valued at about $51,009,000. Point72 Asset Management L.P. grew its holdings in shares of Option Care Health by 262.7% during the 4th quarter. Point72 Asset Management L.P. now owns 1,686,143 shares of the company’s stock worth $50,736,000 after purchasing an additional 1,221,200 shares during the period. Duquesne Family Office LLC grew its holdings in shares of Option Care Health by 389.0% during the 4th quarter. Duquesne Family Office LLC now owns 1,526,120 shares of the company’s stock worth $45,921,000 after purchasing an additional 1,214,020 shares during the period. Vanguard Group Inc. grew its holdings in shares of Option Care Health by 8.1% during the 3rd quarter. Vanguard Group Inc. now owns 15,269,619 shares of the company’s stock worth $480,534,000 after purchasing an additional 1,147,767 shares during the period. Finally, Villere ST Denis J & Co. LLC grew its holdings in shares of Option Care Health by 620.5% during the 1st quarter. Villere ST Denis J & Co. LLC now owns 1,152,867 shares of the company’s stock worth $36,627,000 after purchasing an additional 992,868 shares during the period. Institutional investors and hedge funds own 93.43% of the company’s stock.

Option Care Health Stock Down 0.1 %

NASDAQ OPCH opened at $33.05 on Monday. The stock has a market cap of $5.94 billion, a PE ratio of 37.99, a P/E/G ratio of 2.33 and a beta of 1.18. Option Care Health, Inc. has a fifty-two week low of $24.23 and a fifty-two week high of $35.87. The business has a 50 day moving average price of $30.34 and a two-hundred day moving average price of $30.28. The company has a quick ratio of 1.26, a current ratio of 1.66 and a debt-to-equity ratio of 0.78.

Option Care Health (NASDAQ:OPCH – Get Free Report) last released its earnings results on Wednesday, May 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $996.05 million. Option Care Health had a return on equity of 11.90% and a net margin of 3.94%. As a group, sell-side analysts predict that Option Care Health, Inc. will post 0.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Barrington Research decreased their target price on Option Care Health from $38.00 to $34.00 in a report on Friday, May 5th. Deutsche Bank Aktiengesellschaft decreased their price target on Option Care Health from $39.00 to $32.50 in a report on Friday, May 5th.

Option Care Health Company Profile

(Free Report)

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.