Creekmur Asset Management LLC Makes New Investment in Option Care Health, Inc. (NASDAQ:OPCH)

Creekmur Asset Management LLC acquired a new stake in Option Care Health, Inc. (NASDAQ:OPCH) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 6,409 shares of the company’s stock, valued at approximately $216,000.

A number of other hedge funds have also modified their holdings of OPCH. Principal Securities Inc. bought a new stake in Option Care Health during the fourth quarter worth about $27,000. Parallel Advisors LLC grew its position in Option Care Health by 130.2% during the 4th quarter. Parallel Advisors LLC now owns 845 shares of the company’s stock worth $28,000 after acquiring an additional 478 shares during the last quarter. TFO Wealth Partners LLC increased its holdings in Option Care Health by 24,625.0% during the 4th quarter. TFO Wealth Partners LLC now owns 989 shares of the company’s stock valued at $33,000 after purchasing an additional 985 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Option Care Health by 24,250.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,922 shares of the company’s stock valued at $98,000 after purchasing an additional 2,910 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Option Care Health by 1,513.7% in the fourth quarter. International Assets Investment Management LLC now owns 3,066 shares of the company’s stock worth $103,000 after purchasing an additional 2,876 shares in the last quarter. 98.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OPCH shares. Jefferies Financial Group lifted their price target on 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 reaffirmed an “outperform” rating and issued a $38.00 target price on shares of Option Care Health in a research note on Wednesday, April 24th.

Option Care Health Trading Down 0.1 %

Option Care Health stock traded down $0.04 during mid-day trading on Friday, hitting $27.87. The stock had a trading volume of 905,159 shares, compared to its average volume of 1,135,060. The stock has a market capitalization of $4.84 billion, a PE ratio of 18.34, a P/E/G ratio of 1.36 and a beta of 1.31. Option Care Health, Inc. has a 12 month low of $26.17 and a 12 month high of $35.74. The company has a current ratio of 1.77, a quick ratio of 1.39 and a debt-to-equity ratio of 0.74. The stock has a 50-day simple moving average of $29.87 and a two-hundred day simple moving average of $31.39.

Option Care Health (NASDAQ:OPCH) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. Option Care Health had a net margin of 6.15% and a return on equity of 18.92%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company earned $0.21 EPS. Option Care Health’s revenue was up 12.8% on a year-over-year basis. As a group, sell-side analysts forecast that Option Care Health, Inc. will post 1.19 EPS for the current year.

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.