Gabelli Funds LLC Lowers Stock Position in Option Care Health, Inc. (NASDAQ:OPCH)

Gabelli Funds LLC lessened its holdings in Option Care Health, Inc. (NASDAQ:OPCH) by 2.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 520,142 shares of the company’s stock after selling 12,603 shares during the period. Gabelli Funds LLC owned about 0.30% of Option Care Health worth $17,446,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of OPCH. Principal Securities Inc. bought a new position in shares of Option Care Health during the 4th quarter worth approximately $27,000. Parallel Advisors LLC increased 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 stake in Option Care Health by 24,625.0% during the 4th quarter. TFO Wealth Partners LLC now owns 989 shares of the company’s stock valued at $33,000 after purchasing an additional 985 shares in the last quarter. Park Place Capital Corp increased its stake in Option Care Health by 48.4% during the 1st quarter. Park Place Capital Corp now owns 1,140 shares of the company’s stock valued at $38,000 after purchasing an additional 372 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in shares of Option Care Health in the first quarter worth $85,000. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Option Care Health Trading Up 0.5 %

Shares of OPCH traded up $0.14 during trading on Friday, reaching $31.14. 1,073,496 shares of the company traded hands, compared to its average volume of 1,947,834. The stock has a market cap of $5.41 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. The company has a quick ratio of 1.39, a current ratio of 1.77 and a debt-to-equity ratio of 0.74. Option Care Health, Inc. has a twelve month low of $26.11 and a twelve month high of $35.74. The stock has a 50-day simple moving average of $28.92 and a 200-day simple moving average of $30.72.

Option Care Health (NASDAQ:OPCH) last announced its earnings results on Tuesday, April 23rd. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Option Care Health had a net margin of 6.15% and a return on equity of 18.92%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. On average, analysts anticipate that Option Care Health, Inc. will post 1.19 earnings per share for the current year.

Analyst Ratings Changes

OPCH has been the topic of a number of research reports. Barrington Research reiterated an “outperform” rating and issued a $38.00 price objective on shares of Option Care Health in a research note on Thursday. JMP Securities initiated coverage on shares of Option Care Health in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 price objective on the stock.

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.