Envestnet Asset Management Inc. Has $5.03 Million Position in Option Care Health, Inc. $OPCH

Envestnet Asset Management Inc. cut its stake in Option Care Health, Inc. (NASDAQ:OPCH) by 9.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,070 shares of the company’s stock after selling 17,806 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.11% of Option Care Health worth $5,027,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. 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 during the period. McIlrath & Eck LLC acquired a new position in shares of Option Care Health in the second quarter valued at approximately $37,000. Hantz Financial Services Inc. increased its stake in shares of Option Care Health by 987.7% during the third quarter. Hantz Financial Services Inc. now owns 1,414 shares of the company’s stock worth $39,000 after purchasing an additional 1,284 shares during the period. Elevation Point Wealth Partners LLC bought a new position in shares of Option Care Health during the second quarter worth approximately $40,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Option Care Health by 528.1% during the 2nd 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 last quarter. Institutional investors own 98.05% of the company’s stock.

Option Care Health Stock Performance

Shares of OPCH stock opened at $35.69 on Monday. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 2.13 and a beta of 0.84. The company has a current ratio of 1.56, a quick ratio of 1.05 and a debt-to-equity ratio of 0.85. The business’s 50-day moving average price is $33.92 and its 200-day moving average price is $30.41. Option Care Health, Inc. has a 12 month low of $24.24 and a 12 month high of $36.80.

Analysts Set New Price Targets

OPCH has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Option Care Health in a report on Monday, December 29th. Stephens raised shares of Option Care Health to a “strong-buy” rating in a research report on Thursday, December 11th. Morgan Stanley boosted their price objective on shares of Option Care Health from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. National Bank Financial set a $37.00 target price on shares of Option Care Health in a research report on Tuesday, January 27th. Finally, Citigroup reiterated an “outperform” rating on shares of Option Care Health in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Option Care Health has an average rating of “Moderate Buy” and a consensus 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.