Candriam S.C.A. Sells 146,218 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Candriam S.C.A. reduced its position in Option Care Health, Inc. (NASDAQ:OPCH) by 51.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 135,294 shares of the company’s stock after selling 146,218 shares during the period. Candriam S.C.A. owned 0.08% of Option Care Health worth $3,139,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of OPCH. FMR LLC raised its position in shares of Option Care Health by 134.0% in the 3rd quarter. FMR LLC now owns 7,516,448 shares of the company’s stock valued at $235,265,000 after purchasing an additional 4,304,896 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Option Care Health by 4,432.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,621,593 shares of the company’s stock valued at $50,756,000 after purchasing an additional 1,585,818 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Option Care Health by 15.5% in the 3rd quarter. Wellington Management Group LLP now owns 9,924,915 shares of the company’s stock valued at $310,650,000 after purchasing an additional 1,328,326 shares during the last quarter. Geneva Capital Management LLC purchased a new position in shares of Option Care Health in the 3rd quarter valued at approximately $24,679,000. Finally, Westfield Capital Management Co. LP raised its position in shares of Option Care Health by 10.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,492,152 shares of the company’s stock valued at $203,204,000 after purchasing an additional 599,589 shares during the last quarter. 98.05% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Option Care Health

In other news, insider Michael Bavaro sold 30,996 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $33.26, for a total transaction of $1,030,926.96. Following the completion of the sale, the insider now owns 44,974 shares of the company’s stock, valued at $1,495,835.24. This represents a 40.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on OPCH shares. Bank of America raised shares of Option Care Health from a “neutral” rating to a “buy” rating and increased their price objective for the company from $26.00 to $33.00 in a research report on Monday, January 13th. JMP Securities reissued a “market outperform” rating and set a $30.00 price target (down from $31.00) on shares of Option Care Health in a research report on Friday, January 10th. JPMorgan Chase & Co. raised their price target on shares of Option Care Health from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday. Barrington Research lifted their target price on shares of Option Care Health from $33.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, Jefferies Financial Group raised shares of Option Care Health from a “hold” rating to a “buy” rating and lifted their target price for the company from $26.00 to $35.00 in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

Option Care Health Price Performance

Shares of NASDAQ OPCH opened at $34.01 on Friday. The firm has a market cap of $5.62 billion, a PE ratio of 28.58, a PEG ratio of 2.30 and a beta of 1.33. The firm has a fifty day moving average of $29.83 and a 200 day moving average of $28.18. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.32 and a current ratio of 1.73. Option Care Health, Inc. has a one year low of $21.39 and a one year high of $34.85.

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.