Amundi Sells 80,100 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Amundi decreased its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 11.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 641,061 shares of the company’s stock after selling 80,100 shares during the period. Amundi’s holdings in Option Care Health were worth $15,475,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of OPCH. PNC Financial Services Group Inc. increased its stake in shares of Option Care Health by 5.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 28,840 shares of the company’s stock valued at $669,000 after buying an additional 1,509 shares during the period. Global Alpha Capital Management Ltd. boosted its holdings in Option Care Health by 38.1% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 68,810 shares of the company’s stock valued at $1,596,000 after acquiring an additional 18,992 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Option Care Health during the 4th quarter valued at $6,932,000. Raymond James Financial Inc. bought a new position in Option Care Health in the 4th quarter worth $2,027,000. Finally, Assetmark Inc. raised its holdings in Option Care Health by 2.0% in the 4th quarter. Assetmark Inc. now owns 24,976 shares of the company’s stock worth $579,000 after purchasing an additional 487 shares in the last quarter. Institutional investors own 98.05% of the company’s stock.

Insider Buying and Selling

In other Option Care Health news, insider Michael Bavaro sold 30,996 shares of the firm’s stock in a transaction dated 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 directly owns 44,974 shares in the company, valued at approximately $1,495,835.24. This trade represents a 40.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by company insiders.

Option Care Health Trading Down 2.0 %

Option Care Health stock opened at $32.24 on Friday. Option Care Health, Inc. has a 12 month low of $21.39 and a 12 month high of $34.85. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 2.30 and a beta of 1.33. The business’s fifty day simple moving average is $30.63 and its two-hundred day simple moving average is $28.25. The company has a current ratio of 1.73, a quick ratio of 1.32 and a debt-to-equity ratio of 0.77.

Wall Street Analyst Weigh In

OPCH has been the topic of a number of research reports. UBS Group initiated coverage on shares of Option Care Health in a research note on Thursday, December 5th. They set a “neutral” rating and a $26.00 target price on the stock. JPMorgan Chase & Co. upped their target price on Option Care Health from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. Bank of America raised Option Care Health from a “neutral” rating to a “buy” rating and increased their target price for the stock from $26.00 to $33.00 in a research report on Monday, January 13th. JMP Securities restated 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. Finally, Barrington Research increased their price objective on Option Care Health from $33.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

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.