Advantage Alpha Capital Partners LP Buys Shares of 95,021 Option Care Health, Inc. (NASDAQ:OPCH) (2024)

Advantage Alpha Capital Partners LP bought a new position in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 95,021 shares of the company's stock, valued at approximately $2,974,000. Advantage Alpha Capital Partners LP owned 0.06% of Option Care Health at the end of the most recent quarter.

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Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its position in shares of Option Care Health by 937.5% during the third 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 last quarter. GAMMA Investing LLC lifted its position in shares of Option Care Health by 110.6% in the 3rd quarter. GAMMA Investing LLC now owns 897 shares of the company's stock worth $28,000 after acquiring an additional 471 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position 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 worth $47,000 after acquiring an additional 1,446 shares during the period. Blue Trust Inc. grew its holdings in shares of Option Care Health by 14.8% during the 2nd quarter. Blue Trust Inc. now owns 2,931 shares of the company's stock worth $81,000 after purchasing an additional 377 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Option Care Health by 3,029.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,848 shares of the company's stock worth $91,000 after purchasing an additional 2,757 shares in the last quarter. 98.05% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research analysts recently commented on OPCH shares. The Goldman Sachs Group cut Option Care Health from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $38.00 to $27.00 in a research report on Monday, November 4th. Truist Financial decreased their target price on shares of Option Care Health from $41.00 to $34.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Bank of America lowered Option Care Health from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $43.00 to $29.00 in a research note on Wednesday, October 30th. Jefferies Financial Group downgraded shares of Option Care Health from a "buy" rating to a "hold" rating and reduced their target price for the company from $38.00 to $26.00 in a research note on Thursday, October 31st. Finally, JMP Securities increased their target price on shares of Option Care Health from $36.00 to $37.00 and gave the stock a "market outperform" rating in a research report on Monday, September 30th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Option Care Health currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.83.

Option Care Health Price Performance

Shares of Option Care Health stock traded up $0.34 during trading on Tuesday, reaching $23.74. The company's stock had a trading volume of 2,192,743 shares, compared to its average volume of 1,544,212. The stock has a 50-day moving average price of $27.45 and a two-hundred day moving average price of $29.05. The stock has a market capitalization of $4.04 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 2.39 and a beta of 1.32. 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, Inc. has a one year low of $21.39 and a one year high of $34.63.

Insiders Place Their Bets

In other news, Director Harry M. Jansen Kraemer, Jr. purchased 43,000 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average price of $22.54 per share, for a total transaction of $969,220.00. Following the completion of the acquisition, the director now directly owns 326,334 shares in the company, valued at approximately $7,355,568.36. The trade was a 15.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.64% of the company's stock.

About Option Care Health

(Free Report)

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.

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