Cornerstone Investment Partners LLC Grows Position in Option Care Health, Inc. (NASDAQ:OPCH)

Cornerstone Investment Partners LLC raised its stake in Option Care Health, Inc. (NASDAQ:OPCH) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,544 shares of the company’s stock after acquiring an additional 333 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in Option Care Health were worth $221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. UMB Bank n.a. raised its stake in Option Care Health by 41.7% in the 4th quarter. UMB Bank n.a. now owns 1,176 shares of the company’s stock valued at $27,000 after purchasing an additional 346 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Option Care Health by 3,029.7% in the third quarter. International Assets Investment Management LLC now owns 2,848 shares of the company’s stock valued at $91,000 after buying an additional 2,757 shares during the last quarter. Quarry LP lifted its stake in shares of Option Care Health by 327.7% during the third quarter. Quarry LP now owns 3,430 shares of the company’s stock valued at $107,000 after buying an additional 2,628 shares during the period. 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 acquiring an additional 681 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Option Care Health by 2,621.3% in the 4th quarter. Venturi Wealth Management LLC now owns 4,735 shares of the company’s stock worth $110,000 after acquiring an additional 4,561 shares during the period. 98.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OPCH shares. UBS Group started coverage on Option Care Health in a research note on Thursday, December 5th. They set a “neutral” rating and a $26.00 price target on the stock. JMP Securities reissued a “market outperform” rating and issued a $30.00 price target (down from $31.00) on shares of Option Care Health in a research note on Friday, January 10th. Bank of America raised shares of Option Care Health from a “neutral” rating to a “buy” rating and upped their price objective for the company from $26.00 to $33.00 in a research note on Monday, January 13th. Jefferies Financial Group upgraded shares of Option Care Health from a “hold” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $35.00 in a report on Thursday, January 23rd. Finally, Barrington Research boosted 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. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Option Care Health currently has a consensus rating of “Moderate Buy” and an average target price of $32.88.

Insider Buying and Selling at Option Care Health

In related news, insider Michael Bavaro sold 30,996 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $33.26, for a total value 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 represents a 40.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Option Care Health Stock Performance

NASDAQ OPCH opened at $34.12 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.73 and a quick ratio of 1.32. Option Care Health, Inc. has a 1-year low of $21.39 and a 1-year high of $34.57. The firm has a market capitalization of $5.81 billion, a P/E ratio of 28.67, a P/E/G ratio of 2.30 and a beta of 1.35. The business’s 50-day simple moving average is $29.15 and its 200-day simple moving average is $28.09.

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.