Alliance Wealth Advisors LLC UT boosted its stake in Option Care Health, Inc. (NASDAQ:OPCH – Free Report) by 7.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,234 shares of the company’s stock after purchasing an additional 802 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Option Care Health were worth $363,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of OPCH. Vontobel Holding Ltd. raised its position in Option Care Health by 2.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 13,168 shares of the company’s stock worth $426,000 after purchasing an additional 374 shares during the last quarter. IHT Wealth Management LLC lifted its position in shares of Option Care Health by 4.7% during the 3rd quarter. IHT Wealth Management LLC now owns 9,352 shares of the company’s stock worth $294,000 after buying an additional 419 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Option Care Health by 120.7% during the 2nd quarter. Fifth Third Bancorp now owns 852 shares of the company’s stock worth $28,000 after buying an additional 466 shares in the last quarter. Securian Asset Management Inc. lifted its position in shares of Option Care Health by 3.4% during the 3rd quarter. Securian Asset Management Inc. now owns 15,235 shares of the company’s stock worth $493,000 after buying an additional 503 shares in the last quarter. Finally, Sheets Smith Wealth Management lifted its position in shares of Option Care Health by 1.6% during the 3rd quarter. Sheets Smith Wealth Management now owns 32,542 shares of the company’s stock worth $1,053,000 after buying an additional 510 shares in the last quarter. Institutional investors own 94.75% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have commented on OPCH shares. JPMorgan Chase & Co. dropped their target price on shares of Option Care Health from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 18th. Barrington Research dropped their target price on shares of Option Care Health from $41.00 to $35.00 and set an “outperform” rating on the stock in a research report on Thursday, October 26th.
Option Care Health Stock Up 1.2 %
Shares of NASDAQ:OPCH opened at $33.11 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.39 and a current ratio of 1.79. The firm has a market capitalization of $5.86 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20. The firm has a fifty day moving average of $32.15 and a 200 day moving average of $32.22. Option Care Health, Inc. has a 52-week low of $24.23 and a 52-week high of $35.74.
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.
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