Ares Management LLC Has $102.61 Million Stake in Option Care Health, Inc. (NASDAQ:OPCH)

Ares Management LLC cut its holdings in Option Care Health, Inc. (NASDAQ:OPCH) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,691,896 shares of the company’s stock after selling 241,086 shares during the period. Option Care Health makes up approximately 3.6% of Ares Management LLC’s portfolio, making the stock its 5th biggest position. Ares Management LLC’s holdings in Option Care Health were worth $102,612,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of OPCH. Nisa Investment Advisors LLC acquired a new stake in shares of Option Care Health in the 2nd quarter valued at about $26,000. Trustcore Financial Services LLC boosted its stake in Option Care Health by 33.3% during the 2nd quarter. Trustcore Financial Services LLC now owns 2,000 shares of the company’s stock valued at $44,000 after purchasing an additional 500 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in Option Care Health by 110.0% during the 2nd quarter. Advisor Group Holdings Inc. now owns 3,561 shares of the company’s stock valued at $78,000 after purchasing an additional 1,865 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Option Care Health by 100.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 4,444 shares of the company’s stock valued at $97,000 after purchasing an additional 2,225 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in Option Care Health by 25.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,750 shares of the company’s stock valued at $191,000 after purchasing an additional 1,785 shares during the last quarter. 57.68% of the stock is owned by hedge funds and other institutional investors.

In other Option Care Health news, Director Timothy P. Sullivan sold 20,700,000 shares of the firm’s stock in a transaction dated Thursday, August 5th. The stock was sold at an average price of $20.25, for a total value of $419,175,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Madison Dearborn Partners Llc sold 9,200,000 shares of the firm’s stock in a transaction dated Thursday, September 9th. The stock was sold at an average price of $26.90, for a total value of $247,480,000.00. The disclosure for this sale can be found here. 47.00% of the stock is currently owned by corporate insiders.

OPCH has been the subject of a number of analyst reports. Zacks Investment Research downgraded Option Care Health from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 6th. TheStreet upgraded Option Care Health from a “c” rating to a “b-” rating in a research note on Tuesday, August 17th. Barrington Research lifted their price target on Option Care Health from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, August 4th. Canaccord Genuity lifted their price target on Option Care Health from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, August 4th. Finally, The Goldman Sachs Group raised shares of Option Care Health from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $25.00 in a research report on Monday, July 19th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $25.56.

Shares of Option Care Health stock traded up $0.76 during mid-day trading on Thursday, hitting $24.48. 13,027 shares of the stock were exchanged, compared to its average volume of 1,487,027. Option Care Health, Inc. has a 12 month low of $13.12 and a 12 month high of $28.21. The company has a 50-day simple moving average of $24.61 and a 200 day simple moving average of $21.40. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.22 and a current ratio of 1.60. The company has a market capitalization of $4.40 billion, a P/E ratio of 87.85 and a beta of 1.16.

Option Care Health (NASDAQ:OPCH) last announced its quarterly earnings data on Tuesday, August 3rd. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.10. Option Care Health had a return on equity of 4.75% and a net margin of 1.51%. The business had revenue of $860.27 million during the quarter, compared to analyst estimates of $783.92 million. During the same period in the prior year, the company earned ($0.04) earnings per share. Option Care Health’s revenue was up 16.1% compared to the same quarter last year. Analysts predict that Option Care Health, Inc. will post 0.55 EPS for the current year.

Option Care Health Profile

Option Care Health, Inc engages in the provision of home and alternate site infusion services. The firm involves in the clinical management of infusion therapy, nursing support, and care coordination. It also offers anti-infective, nutrition support, heart failure, chronic inflammatory disorders, immunoglobulin, bleeding disorders, women’s health, neurological disorders, and specialized therapies.

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Institutional Ownership by Quarter for Option Care Health (NASDAQ:OPCH)

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