Teton Advisors LLC Takes Position in Option Care Health, Inc. $OPCH

Teton Advisors LLC purchased a new stake in Option Care Health, Inc. (NASDAQ:OPCH) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 17,368 shares of the company’s stock, valued at approximately $482,000.

A number of other large investors have also added to or reduced their stakes in OPCH. Cornerstone Planning Group LLC raised its holdings in Option Care Health by 7,621.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,081 shares of the company’s stock valued at $30,000 after acquiring an additional 1,067 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Option Care Health during the 2nd quarter worth $37,000. Elevation Point Wealth Partners LLC bought a new position in shares of Option Care Health in the second quarter worth $40,000. EverSource Wealth Advisors LLC increased its position in shares of Option Care Health by 528.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,407 shares of the company’s stock worth $46,000 after purchasing an additional 1,183 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in Option Care Health by 987.7% in the third quarter. Hantz Financial Services Inc. now owns 1,414 shares of the company’s stock valued at $39,000 after purchasing an additional 1,284 shares in the last quarter. Institutional investors and hedge funds own 98.05% of the company’s stock.

Wall Street Analyst Weigh In

OPCH has been the subject of several recent analyst reports. TD Cowen reaffirmed a “hold” rating on shares of Option Care Health in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Option Care Health from $31.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Truist Financial set a $40.00 price target on shares of Option Care Health in a report on Tuesday, January 13th. Wall Street Zen cut shares of Option Care Health from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Stephens upgraded shares of Option Care Health to a “strong-buy” rating in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.27.

Option Care Health Stock Performance

Option Care Health stock opened at $29.84 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock has a market cap of $4.67 billion, a PE ratio of 23.31, a P/E/G ratio of 1.70 and a beta of 0.85. Option Care Health, Inc. has a 12-month low of $24.24 and a 12-month high of $36.80. The business’s 50-day moving average price is $33.83 and its two-hundred day moving average price is $30.66.

Option Care Health (NASDAQ:OPCH) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. Option Care Health had a net margin of 3.67% and a return on equity of 18.57%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company posted $0.44 EPS. As a group, analysts expect that Option Care Health, Inc. will post 1.22 earnings per share for the current fiscal year.

Option Care Health Profile

Option Care Health (NASDAQ: OPCH) is a leading provider of home and alternate site infusion services in the United States. The company specializes in the administration of injectable therapies, including antibiotics, nutrition, hydration, immunoglobulin, pain management and specialty pharmaceuticals. Through its nationwide network of infusion pharmacies and nursing professionals, Option Care Health delivers customized care plans and in-home nursing visits to patients managing complex or chronic conditions outside of a hospital setting.

Option Care Health traces its current structure to the completion of its merger with BioScrip in early 2021, combining two of the industry’s most experienced home infusion businesses.