1,530,556 Shares in BrightSpring Health Services, Inc. (NASDAQ:BTSG) Bought by Norges Bank

Norges Bank acquired a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,530,556 shares of the company's stock, valued at approximately $26,065,000. Norges Bank owned 0.88% of BrightSpring Health Services as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in shares of BrightSpring Health Services during the 3rd quarter valued at about $522,000. JPMorgan Chase & Co. grew its position in BrightSpring Health Services by 275.2% in the third quarter. JPMorgan Chase & Co. now owns 163,618 shares of the company's stock valued at $2,402,000 after acquiring an additional 120,005 shares in the last quarter. Legato Capital Management LLC raised its stake in shares of BrightSpring Health Services by 40.0% during the fourth quarter. Legato Capital Management LLC now owns 66,910 shares of the company's stock valued at $1,139,000 after purchasing an additional 19,120 shares during the period. SG Americas Securities LLC boosted its stake in shares of BrightSpring Health Services by 50.9% in the fourth quarter. SG Americas Securities LLC now owns 37,000 shares of the company's stock valued at $630,000 after purchasing an additional 12,486 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in BrightSpring Health Services by 67.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 196,207 shares of the company's stock valued at $2,880,000 after purchasing an additional 79,181 shares in the last quarter.

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BrightSpring Health Services Stock Performance

Shares of BrightSpring Health Services stock traded down $0.32 during trading hours on Friday, reaching $17.09. The company's stock had a trading volume of 1,471,203 shares, compared to its average volume of 1,286,024. BrightSpring Health Services, Inc. has a one year low of $9.98 and a one year high of $24.82. The company's 50 day simple moving average is $18.93 and its 200 day simple moving average is $18.28. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. The stock has a market cap of $2.99 billion, a P/E ratio of -65.73 and a beta of 2.02.

Wall Street Analyst Weigh In

BTSG has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price objective on shares of BrightSpring Health Services from $19.00 to $20.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. CJS Securities started coverage on BrightSpring Health Services in a research note on Thursday, December 12th. They issued an "outperform" rating and a $27.00 price target on the stock. Finally, UBS Group raised their price objective on BrightSpring Health Services from $22.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, BrightSpring Health Services has a consensus rating of "Moderate Buy" and a consensus price target of $21.67.

BrightSpring Health Services Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.