Top 5 Stock Picks of Peter S. Park’s Park West Asset Management

In this article, we discuss the top 5 stock picks of Peter S. Park’s Park West Asset Management. If you want to read our detailed analysis of Park’s history, investment philosophy, and hedge fund performance, go directly to the Top 10 Stock Picks of Peter S. Park’s Park West Asset Management.

5. Option Care Health, Inc. (NASDAQ:OPCH)

Park West Asset Management Stake Value: $146,615,000
Percentage of Park West Asset Management’s 13F Portfolio: 3.48%
Number of Hedge Fund Holders: 30

Option Care Health, Inc. (NASDAQ:OPCH) provides infusion services at home and other locations. In addition, the business is involved in infusion treatment clinical management, nursing assistance, and care coordination. Park West Asset Management holds more than 6.04 million shares in Option Care Health, Inc. (NASDAQ:OPCH) worth $146.62 million, representing 3.48% of its Q3 portfolio. The hedge fund has increased its stake in the firm by 1% in the third quarter of 2021.

Option Care Health, Inc. (NASDAQ:OPCH) collected $891.93 million in revenue during the third quarter, beating analyst estimates by $5.46 million. After the solid Q3 results, Deutsche Bank analyst Pito Chickering boosted his price objective on Option Care Health, Inc. (NASDAQ:OPCH) to $32 from $23.50 in November and reiterated a “Buy” rating on the stock.

Option Care Health, Inc. (NASDAQ:OPCH) recently saw a decrease in hedge fund sentiment. The number of long hedge fund positions declined to 30 at the end of the third quarter, compared to 31 positions in the previous quarter.