Kornitzer Capital Management Inc. KS Buys 128,125 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Kornitzer Capital Management Inc. KS increased its holdings in Option Care Health, Inc. (NASDAQ:OPCH) by 58.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 347,125 shares of the company’s stock after buying an additional 128,125 shares during the period. Kornitzer Capital Management Inc. KS owned 0.20% of Option Care Health worth $11,695,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vontobel Holding Ltd. boosted its holdings in Option Care Health by 2.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 13,168 shares of the company’s stock worth $426,000 after buying an additional 374 shares during the period. IHT Wealth Management LLC boosted its holdings in Option Care Health by 4.7% in the 3rd quarter. IHT Wealth Management LLC now owns 9,352 shares of the company’s stock worth $294,000 after buying an additional 419 shares during the period. Securian Asset Management Inc. boosted its holdings in Option Care Health by 3.4% in the 3rd quarter. Securian Asset Management Inc. now owns 15,235 shares of the company’s stock worth $493,000 after buying an additional 503 shares during the period. Sheets Smith Wealth Management boosted its holdings in Option Care Health by 1.6% in the 3rd quarter. Sheets Smith Wealth Management now owns 32,542 shares of the company’s stock worth $1,053,000 after buying an additional 510 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in Option Care Health by 39.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,236 shares of the company’s stock worth $70,000 after buying an additional 629 shares during the period. 98.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on OPCH. Jefferies Financial Group raised their price target on shares of Option Care Health from $36.00 to $38.00 and gave the company a “buy” rating in a report on Monday, March 4th. Barrington Research raised their price target on shares of Option Care Health from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, February 23rd.

Insider Buying and Selling

In other Option Care Health news, Director Harry M. Jansen Kraemer, Jr. bought 35,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average price of $31.55 per share, for a total transaction of $1,104,250.00. Following the transaction, the director now directly owns 269,528 shares in the company, valued at $8,503,608.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is owned by corporate insiders.

Option Care Health Price Performance

Shares of Option Care Health stock traded up $0.18 on Friday, hitting $31.08. 2,029,765 shares of the company traded hands, compared to its average volume of 887,722. The firm’s 50-day simple moving average is $32.27 and its 200 day simple moving average is $31.57. The company has a current ratio of 1.77, a quick ratio of 1.33 and a debt-to-equity ratio of 0.74. The company has a market cap of $5.40 billion, a P/E ratio of 21.14, a P/E/G ratio of 1.76 and a beta of 1.22. Option Care Health, Inc. has a 12-month low of $24.23 and a 12-month high of $35.74.

Option Care Health (NASDAQ:OPCH) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Option Care Health had a net margin of 6.21% and a return on equity of 18.78%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $0.26 EPS. Analysts expect that Option Care Health, Inc. will post 1.13 earnings per share for the current fiscal year.

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.