CreativeOne Wealth LLC Boosts Holdings in Option Care Health, Inc. (NASDAQ:OPCH)

CreativeOne Wealth LLC increased its stake in Option Care Health, Inc. (NASDAQ:OPCH) by 89.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,223 shares of the company’s stock after acquiring an additional 12,843 shares during the period. CreativeOne Wealth LLC’s holdings in Option Care Health were worth $632,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in OPCH. Vanguard Group Inc. grew its position in shares of Option Care Health by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 19,315,421 shares of the company’s stock worth $448,118,000 after buying an additional 75,313 shares during the last quarter. Wellington Management Group LLP increased its position in Option Care Health by 84.6% during the 4th quarter. Wellington Management Group LLP now owns 18,325,123 shares of the company’s stock valued at $425,143,000 after buying an additional 8,400,208 shares in the last quarter. Norges Bank purchased a new position in shares of Option Care Health in the 4th quarter worth about $60,219,000. Charles Schwab Investment Management Inc. raised its holdings in Option Care Health by 6.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,510,131 shares of the company’s stock worth $58,235,000 after buying an additional 147,054 shares during the last quarter. Finally, Magnetar Financial LLC lifted its position in Option Care Health by 23.1% in the 4th quarter. Magnetar Financial LLC now owns 2,350,598 shares of the company’s stock valued at $54,534,000 after acquiring an additional 441,265 shares in the last quarter. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on OPCH shares. Jefferies Financial Group upgraded Option Care Health from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $35.00 in a report on Thursday, January 23rd. Bank of America raised shares of Option Care Health from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $33.00 in a report on Monday, January 13th. Barrington Research raised their target price on shares of Option Care Health from $33.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. boosted their target price on shares of Option Care Health from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Finally, JMP Securities restated a “market outperform” rating and issued a $30.00 price target (down from $31.00) on shares of Option Care Health in a research note on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Insider Activity at Option Care Health

In other news, insider Michael Bavaro sold 30,996 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $33.26, for a total value of $1,030,926.96. Following the transaction, the insider now owns 44,974 shares of the company’s stock, valued at $1,495,835.24. This trade represents a 40.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is owned by company insiders.

Option Care Health Trading Down 0.6 %

Shares of Option Care Health stock opened at $32.09 on Friday. Option Care Health, Inc. has a 1-year low of $21.39 and a 1-year high of $35.53. The company’s fifty day simple moving average is $33.33 and its 200-day simple moving average is $28.66. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.73 and a quick ratio of 1.32. The stock has a market capitalization of $5.27 billion, a PE ratio of 26.96, a P/E/G ratio of 2.30 and a beta of 1.07.

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.