Compass Wealth Management LLC Raises Holdings in Option Care Health, Inc. (NASDAQ:OPCH)

Compass Wealth Management LLC boosted its stake in shares of Option Care Health, Inc. (NASDAQ:OPCH - Free Report) by 8.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 166,078 shares of the company's stock after purchasing an additional 13,600 shares during the period. Option Care Health comprises 1.5% of Compass Wealth Management LLC's portfolio, making the stock its 17th largest holding. Compass Wealth Management LLC owned about 0.10% of Option Care Health worth $5,804,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in Option Care Health by 84.6% in the fourth quarter. Wellington Management Group LLP now owns 18,325,123 shares of the company's stock worth $425,143,000 after purchasing an additional 8,400,208 shares during the last quarter. Norges Bank bought a new position in shares of Option Care Health in the 4th quarter worth approximately $60,219,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Option Care Health by 6,525,926.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,500,986 shares of the company's stock worth $52,459,000 after buying an additional 1,500,963 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in Option Care Health during the fourth quarter valued at approximately $27,428,000. Finally, Freestone Grove Partners LP bought a new stake in Option Care Health during the fourth quarter valued at approximately $17,487,000. Hedge funds and other institutional investors own 98.05% of the company's stock.

Option Care Health Price Performance

Shares of Option Care Health stock traded down $0.96 during trading hours on Friday, hitting $30.07. The company's stock had a trading volume of 668,228 shares, compared to its average volume of 1,865,094. The company has a market cap of $4.92 billion, a PE ratio of 24.25, a PEG ratio of 1.88 and a beta of 0.73. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.02 and a current ratio of 1.54. The business has a 50 day moving average price of $31.97 and a two-hundred day moving average price of $31.15. Option Care Health, Inc. has a 12-month low of $21.39 and a 12-month high of $35.53.

Option Care Health (NASDAQ:OPCH - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. Option Care Health had a return on equity of 16.90% and a net margin of 4.12%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company earned $0.26 EPS. The firm's quarterly revenue was up 16.3% on a year-over-year basis. Analysts expect that Option Care Health, Inc. will post 1.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

OPCH has been the topic of several recent research reports. UBS Group upgraded shares of Option Care Health from a "neutral" rating to a "buy" rating and increased their price target for the stock from $38.00 to $40.00 in a research report on Wednesday, April 30th. JMP Securities reaffirmed a "market outperform" rating and issued a $36.00 target price on shares of Option Care Health in a report on Wednesday, June 18th. Finally, Barrington Research reiterated an "outperform" rating and set a $38.00 target price on shares of Option Care Health in a research report on Wednesday, April 30th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Option Care Health currently has an average rating of "Moderate Buy" and an average target price of $35.50.

About Option Care Health

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.