Massachusetts Financial Services Co. MA Raises Holdings in Option Care Health, Inc. (NASDAQ:OPCH)

Massachusetts Financial Services Co. MA raised its holdings in Option Care Health, Inc. (NASDAQ:OPCH) by 2.6% during the third quarter, Holdings Channel.com reports. The firm owned 2,518,923 shares of the company’s stock after purchasing an additional 63,955 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Option Care Health were worth $78,842,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. UMB Bank n.a. raised its holdings in Option Care Health by 937.5% in the 3rd quarter. UMB Bank n.a. now owns 830 shares of the company’s stock valued at $26,000 after buying an additional 750 shares during the period. GAMMA Investing LLC increased its position in shares of Option Care Health by 110.6% during the third quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock valued at $28,000 after acquiring an additional 471 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Option Care Health by 3,362.8% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,489 shares of the company’s stock valued at $47,000 after acquiring an additional 1,446 shares during the period. Blue Trust Inc. lifted its holdings in shares of Option Care Health by 14.8% in the 2nd quarter. Blue Trust Inc. now owns 2,931 shares of the company’s stock worth $81,000 after acquiring an additional 377 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Option Care Health by 3,029.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,848 shares of the company’s stock valued at $91,000 after purchasing an additional 2,757 shares during the last quarter. Institutional investors and hedge funds own 98.05% of the company’s stock.

Option Care Health Trading Up 2.8 %

Shares of OPCH stock opened at $23.13 on Monday. Option Care Health, Inc. has a 1-year low of $21.39 and a 1-year high of $34.63. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.73 and a quick ratio of 1.32. The business’s fifty day moving average price is $27.62 and its 200 day moving average price is $29.09. The firm has a market capitalization of $3.94 billion, a PE ratio of 19.44, a P/E/G ratio of 2.33 and a beta of 1.32.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OPCH. Truist Financial cut their price target on shares of Option Care Health from $41.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Jefferies Financial Group cut shares of Option Care Health from a “buy” rating to a “hold” rating and cut their price objective for the stock from $38.00 to $26.00 in a report on Thursday, October 31st. The Goldman Sachs Group lowered shares of Option Care Health from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $38.00 to $27.00 in a research report on Monday, November 4th. Barrington Research reduced their price objective on Option Care Health from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, JMP Securities boosted their price objective on shares of Option Care Health from $36.00 to $37.00 and gave the company a “market outperform” rating in a research note on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.83.

Insider Transactions at Option Care Health

In other news, Director Harry M. Jansen Kraemer, Jr. purchased 43,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were acquired at an average price 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 $7,355,568.36. The trade was a 15.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.64% of the company’s 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.