New Jersey Pension Fund Adjusts Holdings in Option Care Health, Following Earnings Beat in 2023
July 21, 2023
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The Common Pension Fund D of New Jersey has recently adjusted its holdings in Option Care Health ($NASDAQ:OPCH), Inc. after the company released its positive earnings report on July 18, 2023. The company provides home-based specialty pharmacy and infusion services, as well as patient support and clinical guidance for people with complex and chronic health conditions. The pension fund is now adjusting its holdings in order to capitalize on the increased value of Option Care Health, Inc. This decision by the pension fund reflects the confidence that investors have in the capacity of the company to provide cost-effective and comprehensive home-based care to its customers. The company’s focus on providing cost-effective and comprehensive home-based care continues to be an attractive aspect for many investors, and this trend is only likely to grow as more people become aware of the advantages of home-based care.
Earnings
In their earnings report ending March 31 2021, the company reported a total revenue of 759.24 million USD and a net income loss of 2.86 million USD. Compared to the same period in the previous year, this represents a 17.1% decrease in total revenue and a 109.4% decrease in net income.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for OPCH. More…
| Total Revenues | Net Income | Net Margin |
| 4.04k | 159.49 | 3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for OPCH. More…
| Operations | Investing | Financing |
| 324.62 | -108.45 | -63.99 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for OPCH. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.13k | 1.78k | 7.71 |
Key Ratios Snapshot
Some of the financial key ratios for OPCH are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.8% | 344.9% | 6.8% |
| FCF Margin | ROE | ROA |
| 7.1% | 12.4% | 5.5% |
Price History
On Thursday, the stock opened at $33.4 and closed at $33.1, down by 0.6% from the previous closing price of 33.3. This adjustment followed the company’s strong performance in the previous quarter and is indicative of the confidence that investors have in OPTION CARE HEALTH. It is likely that the stock will continue to perform well as long as the company continues to report positive results in the future quarters. Live Quote…
Analysis
At GoodWhale, we have conducted a comprehensive analysis of OPTION CARE HEALTH’s fundamentals. Our Risk Rating found that OPTION CARE HEALTH is a high risk investment in terms of financial and business aspects. Our review of the balance sheet uncovered 1 risk warnings that are worth taking into consideration. If you register with us you can find out more about this. We urge investors to be cautious with their investments and to exercise good judgement when considering OPTION CARE HEALTH as a potential investment. We encourage them to consider the risk warning we have identified and to conduct their own deeper research before making any investing decisions. More…
Peers
The company’s competitors include LHC Group Inc, Singapore Paincare Holdings Ltd, and New York Health Care Inc.
– LHC Group Inc ($NASDAQ:LHCG)
LHC Group Inc is a healthcare provider that offers a wide range of services to its patients. Its services include home health, hospice, community care, and other services. The company has a market cap of 5.14B as of 2022 and a return on equity of 5.37%. The company’s main focus is on providing quality care to its patients and their families.
– Singapore Paincare Holdings Ltd ($SGX:FRQ)
Singapore Paincare Holdings Ltd has a market cap of 36.82M as of 2022. The company’s Return on Equity for the same year is 13.23%.
Singapore Paincare Holdings Ltd is a healthcare company that focuses on the provision of pain management solutions. The company offers a wide range of services including pain consultation, pain relief treatments, and rehabilitation programs. Singapore Paincare Holdings Ltd also provides education and training on pain management for both healthcare professionals and the general public.
– New York Health Care Inc ($OTCPK:BBAL)
New York Health Care Inc is a healthcare company with a market cap of 335.37k as of 2022. It has a Return on Equity of 21.67%. The company provides healthcare services to patients in the New York area.
Summary
Option Care Health, Inc. (OPCH) reported a positive earnings beat in the second quarter, and the State of New Jersey Common Pension Fund D has responded by adjusting its holdings in the company. On the whole, analysts are positive on the stock, citing its strong financials and revenue growth as a sign of a healthy business. Additionally, the company’s recent strategic acquisitions have increased their market share and presented further opportunities for further growth. The company’s positive outlook and potential for growth make it an attractive option for investors looking to capitalize on a healthcare stock.
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