Bellevue Group AG Has $62.63 Million Stake in Option Care Health, Inc. (NASDAQ:OPCH)

Bellevue Group AG cut its stake in Option Care Health, Inc. (NASDAQ:OPCH) by 3.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,867,263 shares of the company’s stock after selling 71,544 shares during the period. Option Care Health makes up 1.0% of Bellevue Group AG’s holdings, making the stock its 29th largest position. Bellevue Group AG owned approximately 1.07% of Option Care Health worth $62,628,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC boosted its position in shares of Option Care Health by 63.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 190,684 shares of the company’s stock worth $6,424,000 after buying an additional 73,938 shares during the period. Westfield Capital Management Co. LP lifted its holdings in Option Care Health by 19.6% during the 4th quarter. Westfield Capital Management Co. LP now owns 4,482,732 shares of the company’s stock valued at $151,023,000 after purchasing an additional 735,344 shares during the last quarter. Principal Financial Group Inc. boosted its position in Option Care Health by 6.9% during the fourth quarter. Principal Financial Group Inc. now owns 968,233 shares of the company’s stock worth $32,620,000 after purchasing an additional 62,449 shares during the period. HealthInvest Partners AB acquired a new position in shares of Option Care Health in the fourth quarter valued at $1,254,000. Finally, Schroder Investment Management Group raised its position in shares of Option Care Health by 7.3% in the fourth quarter. Schroder Investment Management Group now owns 1,417,591 shares of the company’s stock valued at $47,759,000 after purchasing an additional 96,587 shares during the period. 98.05% of the stock is owned by institutional investors and hedge funds.

Option Care Health Stock Performance

OPCH traded up $0.14 during trading on Friday, hitting $31.14. 1,073,496 shares of the company traded hands, compared to its average volume of 1,947,834. The stock’s fifty day moving average is $28.92 and its 200 day moving average is $30.71. The firm has a market cap of $5.41 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. Option Care Health, Inc. has a one year low of $26.11 and a one year high of $35.74. The company has a quick ratio of 1.39, a current ratio of 1.77 and a debt-to-equity ratio of 0.74.

Wall Street Analyst Weigh In

Several analysts recently commented on OPCH shares. JMP Securities started coverage on shares of Option Care Health in a report on Tuesday, July 16th. They set an “outperform” rating and a $36.00 target price for the company. Barrington Research reissued an “outperform” rating and set a $38.00 price target on shares of Option Care Health in a research report on Thursday.

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.