Wealthspire Advisors LLC Has $343,000 Stake in Option Care Health, Inc. $OPCH

Wealthspire Advisors LLC grew its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 79.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,564 shares of the company’s stock after purchasing an additional 4,684 shares during the period. Wealthspire Advisors LLC’s holdings in Option Care Health were worth $343,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in OPCH. USA Financial Formulas bought a new stake in shares of Option Care Health in the second quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. increased its stake in Option Care Health by 1,492.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 892 shares of the company’s stock worth $31,000 after acquiring an additional 836 shares during the period. Brooklyn Investment Group raised its holdings in Option Care Health by 186.6% in the 1st quarter. Brooklyn Investment Group now owns 1,198 shares of the company’s stock valued at $42,000 after acquiring an additional 780 shares in the last quarter. Wealthquest Corp bought a new stake in shares of Option Care Health during the 1st quarter valued at $66,000. Finally, Allworth Financial LP lifted its position in shares of Option Care Health by 126.6% during the 2nd quarter. Allworth Financial LP now owns 2,237 shares of the company’s stock valued at $73,000 after acquiring an additional 1,250 shares during the period. 98.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Option Care Health

In other news, Director Norman L. Wright purchased 3,411 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was bought at an average cost of $29.31 per share, for a total transaction of $99,976.41. Following the purchase, the director owned 15,501 shares of the company’s stock, valued at approximately $454,334.31. The trade was a 28.21% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harry M. Jansen Kraemer, Jr. acquired 38,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average cost of $25.98 per share, for a total transaction of $987,240.00. Following the acquisition, the director owned 413,390 shares in the company, valued at $10,739,872.20. This represents a 10.12% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Cowen began coverage on Option Care Health in a research report on Thursday, October 2nd. They issued a “hold” rating on the stock. Wall Street Zen lowered shares of Option Care Health from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Option Care Health in a research report on Wednesday. JMP Securities set a $36.00 price target on shares of Option Care Health in a report on Friday, October 31st. Finally, Barrington Research reissued an “outperform” rating and issued a $38.00 price objective on shares of Option Care Health in a research note on Friday, October 31st. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.67.

Option Care Health Price Performance

OPCH stock opened at $29.57 on Friday. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 1.74 and a beta of 0.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.52 and a quick ratio of 1.00. The company has a 50 day simple moving average of $27.70 and a 200 day simple moving average of $29.45. Option Care Health, Inc. has a 1 year low of $22.29 and a 1 year high of $35.53.

Option Care Health 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.