Virtu Financial LLC Invests $522,000 in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Virtu Financial LLC purchased a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 35,586 shares of the company's stock, valued at approximately $522,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. nVerses Capital LLC purchased a new position in BrightSpring Health Services during the 2nd quarter worth $55,000. California State Teachers Retirement System purchased a new stake in shares of BrightSpring Health Services during the first quarter worth about $59,000. Intech Investment Management LLC purchased a new stake in shares of BrightSpring Health Services during the third quarter worth about $159,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of BrightSpring Health Services during the second quarter valued at about $126,000. Finally, Arizona State Retirement System purchased a new position in shares of BrightSpring Health Services in the 2nd quarter valued at approximately $163,000.

BrightSpring Health Services Price Performance

Shares of BTSG traded up $0.32 during mid-day trading on Monday, hitting $18.88. 1,166,081 shares of the company were exchanged, compared to its average volume of 1,484,109. The stock has a market cap of $3.29 billion and a price-to-earnings ratio of -72.62. BrightSpring Health Services, Inc. has a 1-year low of $7.85 and a 1-year high of $20.25. The company has a 50 day moving average of $17.49 and a 200-day moving average of $14.08. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last announced its earnings results on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.72 billion. BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. BrightSpring Health Services's quarterly revenue was up 28.8% compared to the same quarter last year. Analysts expect that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on BTSG. CJS Securities assumed coverage on shares of BrightSpring Health Services in a research report on Thursday. They set an "outperform" rating and a $27.00 target price on the stock. Bank of America upped their target price on BrightSpring Health Services from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Mizuho lifted their price target on BrightSpring Health Services from $17.00 to $20.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. KeyCorp began coverage on BrightSpring Health Services in a research report on Friday, October 11th. They issued a "sector weight" rating on the stock. Finally, Wells Fargo & Company increased their price target on BrightSpring Health Services from $17.00 to $21.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.50.

About BrightSpring Health Services

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.