CreativeOne Wealth LLC Acquires 2,585 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

CreativeOne Wealth LLC lifted its holdings in Option Care Health, Inc. (NASDAQ:OPCH) by 21.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,380 shares of the company’s stock after purchasing an additional 2,585 shares during the quarter. CreativeOne Wealth LLC’s holdings in Option Care Health were worth $450,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. FMR LLC lifted its position in Option Care Health by 134.0% during the 3rd quarter. FMR LLC now owns 7,516,448 shares of the company’s stock worth $235,265,000 after buying an additional 4,304,896 shares in the last quarter. Westfield Capital Management Co. LP increased its position in shares of Option Care Health by 10.2% in the third quarter. Westfield Capital Management Co. LP now owns 6,492,152 shares of the company’s stock valued at $203,204,000 after acquiring an additional 599,589 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Option Care Health by 7.4% during the third quarter. Thrivent Financial for Lutherans now owns 5,863,930 shares of the company’s stock worth $183,541,000 after acquiring an additional 404,811 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Option Care Health by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,605,271 shares of the company’s stock valued at $99,870,000 after purchasing an additional 218,844 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Option Care Health by 2.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,518,923 shares of the company’s stock valued at $78,842,000 after purchasing an additional 63,955 shares in the last quarter. Institutional investors and hedge funds own 98.05% of the company’s stock.

Option Care Health Stock Up 0.2 %

Shares of OPCH opened at $23.80 on Monday. The firm has a market cap of $4.05 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 2.46 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.32 and a current ratio of 1.73. Option Care Health, Inc. has a 52 week low of $21.39 and a 52 week high of $34.63. The firm’s 50-day simple moving average is $26.84 and its 200 day simple moving average is $28.87.

Wall Street Analyst Weigh In

OPCH has been the topic of a number of analyst reports. Truist Financial dropped their price objective on Option Care Health from $41.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Bank of America cut shares of Option Care Health from a “buy” rating to a “neutral” rating and cut their price target for the company from $43.00 to $29.00 in a research note on Wednesday, October 30th. Barrington Research lowered their price objective 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. JMP Securities raised their target price on shares of Option Care Health from $36.00 to $37.00 and gave the company a “market outperform” rating in a research note on Monday, September 30th. Finally, The Goldman Sachs Group downgraded Option Care Health from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $38.00 to $27.00 in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $30.83.

Insider Activity

In other Option Care Health news, Director Harry M. Jansen Kraemer, Jr. bought 43,000 shares of Option Care Health stock in a transaction dated 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 transaction, the director now owns 326,334 shares in the company, valued at $7,355,568.36. The trade was a 15.18 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.64% of the stock is owned by company insiders.

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.