Highland Capital Management LLC Acquires New Position in Option Care Health, Inc. (NASDAQ:OPCH)

Highland Capital Management LLC bought a new position in shares of Option Care Health, Inc. (NASDAQ:OPCH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,271 shares of the company’s stock, valued at approximately $238,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its holdings in shares of Option Care Health by 2.2% in the 4th quarter. Pacer Advisors Inc. now owns 25,483 shares of the company’s stock worth $591,000 after acquiring an additional 537 shares during the period. KBC Group NV boosted its position in Option Care Health by 46.4% during the fourth quarter. KBC Group NV now owns 7,337 shares of the company’s stock worth $170,000 after purchasing an additional 2,324 shares in the last quarter. Blue Trust Inc. boosted its position in Option Care Health by 16.9% during the fourth quarter. Blue Trust Inc. now owns 4,703 shares of the company’s stock worth $109,000 after purchasing an additional 681 shares in the last quarter. Whalen Wealth Management Inc. acquired a new stake in Option Care Health in the fourth quarter valued at $253,000. Finally, Avior Wealth Management LLC increased its position in shares of Option Care Health by 4.8% in the fourth quarter. Avior Wealth Management LLC now owns 25,466 shares of the company’s stock valued at $591,000 after buying an additional 1,166 shares in the last quarter. 98.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Option Care Health

In related news, Director Harry M. Jansen Kraemer, Jr. acquired 43,000 shares of the stock in a transaction dated Friday, November 8th. The stock was bought at an average cost of $22.54 per share, with a total value of $969,220.00. Following the purchase, the director now directly owns 326,334 shares of the company’s stock, valued at approximately $7,355,568.36. This represents a 15.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. JMP Securities reissued a “market outperform” rating and issued a $30.00 price objective (down from $31.00) on shares of Option Care Health in a research note on Friday, January 10th. Barrington Research lifted their price objective on Option Care Health from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Jefferies Financial Group raised Option Care Health from a “hold” rating to a “buy” rating and upped their target price for the company from $26.00 to $35.00 in a research note on Thursday, January 23rd. UBS Group initiated coverage on Option Care Health in a research report on Thursday, December 5th. They set a “neutral” rating and a $26.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price objective on Option Care Health from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

Option Care Health Stock Performance

Option Care Health stock opened at $30.92 on Friday. The stock has a fifty day moving average price of $25.16 and a 200 day moving average price of $27.91. Option Care Health, Inc. has a 52 week low of $21.39 and a 52 week high of $34.63. The firm has a market capitalization of $5.26 billion, a P/E ratio of 25.98, a PEG ratio of 2.20 and a beta of 1.31. The company has a current ratio of 1.73, a quick ratio of 1.32 and a debt-to-equity ratio of 0.77.

Option Care Health Company 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.