Compass Wealth Management LLC Has $6.44 Million Stock Position in Option Care Health, Inc. $OPCH

Compass Wealth Management LLC lifted its stake in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 25.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,053 shares of the company’s stock after purchasing an additional 47,275 shares during the quarter. Compass Wealth Management LLC owned about 0.15% of Option Care Health worth $6,442,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in OPCH. Teton Advisors Inc. raised its stake in Option Care Health by 2.2% during the 2nd quarter. Teton Advisors Inc. now owns 17,368 shares of the company’s stock worth $564,000 after buying an additional 368 shares during the period. Assetmark Inc. raised its position in shares of Option Care Health by 1.6% during the second quarter. Assetmark Inc. now owns 26,690 shares of the company’s stock worth $867,000 after purchasing an additional 416 shares during the period. State of Wyoming raised its position in shares of Option Care Health by 1.8% during the second quarter. State of Wyoming now owns 25,135 shares of the company’s stock worth $816,000 after purchasing an additional 436 shares during the period. Arizona State Retirement System lifted its holdings in shares of Option Care Health by 1.1% in the 3rd quarter. Arizona State Retirement System now owns 48,472 shares of the company’s stock worth $1,346,000 after purchasing an additional 540 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Option Care Health by 24.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,093 shares of the company’s stock valued at $86,000 after purchasing an additional 600 shares during the period. 98.05% of the stock is currently owned by institutional investors and hedge funds.

Option Care Health Stock Performance

OPCH stock opened at $35.66 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.85. The firm has a market cap of $5.66 billion, a PE ratio of 28.30, a P/E/G ratio of 2.12 and a beta of 0.84. The business has a 50 day moving average of $33.87 and a 200-day moving average of $30.33. Option Care Health, Inc. has a 12-month low of $24.24 and a 12-month high of $36.80.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Option Care Health in a report on Monday, December 29th. Morgan Stanley upped their target price on shares of Option Care Health from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Barrington Research raised their price target on shares of Option Care Health from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, January 16th. Jefferies Financial Group reissued a “buy” rating and set a $37.00 price objective on shares of Option Care Health in a report on Tuesday, January 13th. Finally, Wall Street Zen upgraded Option Care Health from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $37.58.

Option Care Health Company 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.