Landscape Capital Management L.L.C. Trims Stake in Option Care Health, Inc. (NASDAQ:OPCH)

Landscape Capital Management L.L.C. lessened its position in Option Care Health, Inc. (NASDAQ:OPCH) by 40.7% in the third quarter, HoldingsChannel reports. The firm owned 14,720 shares of the company’s stock after selling 10,086 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Option Care Health were worth $461,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in OPCH. UMB Bank n.a. raised its holdings in Option Care Health by 937.5% in the third quarter. UMB Bank n.a. now owns 830 shares of the company’s stock worth $26,000 after purchasing an additional 750 shares in the last quarter. GAMMA Investing LLC lifted its position in Option Care Health by 110.6% during the 3rd quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock valued at $28,000 after acquiring an additional 471 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in Option Care Health by 3,362.8% during the third 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 in the last quarter. Blue Trust Inc. grew its holdings in Option Care Health by 14.8% in the second quarter. Blue Trust Inc. now owns 2,931 shares of the company’s stock worth $81,000 after purchasing an additional 377 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Option Care Health by 3,029.7% during the third quarter. International Assets Investment Management LLC now owns 2,848 shares of the company’s stock valued at $91,000 after purchasing an additional 2,757 shares in the last quarter. 98.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OPCH has been the topic of a number of analyst reports. Bank of America cut Option Care Health from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $43.00 to $29.00 in a research report on Wednesday, October 30th. Truist Financial reduced their price target on Option Care Health from $41.00 to $34.00 and set a “buy” rating for the company in a report on Friday, November 1st. The Goldman Sachs Group cut shares of Option Care Health from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $38.00 to $27.00 in a research note on Monday, November 4th. Jefferies Financial Group lowered shares of Option Care Health from a “buy” rating to a “hold” rating and reduced their price objective for the company from $38.00 to $26.00 in a research note on Thursday, October 31st. Finally, Barrington Research dropped their target price on shares of Option Care Health from $40.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.83.

Insider Activity

In other news, Director Harry M. Jansen Kraemer, Jr. acquired 43,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average price of $22.54 per share, with a total value of $969,220.00. Following the completion of the acquisition, the director now directly owns 326,334 shares of the company’s stock, valued at approximately $7,355,568.36. The trade was a 15.18 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is owned by corporate insiders.

Option Care Health Price Performance

OPCH opened at $23.13 on Friday. The company’s 50-day simple moving average is $27.62 and its two-hundred day simple moving average is $29.10. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.32 and a current ratio of 1.73. The stock has a market capitalization of $3.94 billion, a P/E ratio of 19.44, a P/E/G ratio of 2.33 and a beta of 1.32. Option Care Health, Inc. has a 52-week low of $21.39 and a 52-week high of $34.63.

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.