Arrowstreet Capital Limited Partnership Decreases Stock Holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Arrowstreet Capital Limited Partnership cut its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 25.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,153,177 shares of the company's stock after selling 394,777 shares during the period. Arrowstreet Capital Limited Partnership owned 0.66% of BrightSpring Health Services worth $19,639,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in shares of BrightSpring Health Services during the fourth quarter worth $74,000. Intech Investment Management LLC acquired a new stake in BrightSpring Health Services during the 3rd quarter worth about $159,000. KLP Kapitalforvaltning AS acquired a new stake in BrightSpring Health Services during the 4th quarter worth about $206,000. Teacher Retirement System of Texas purchased a new stake in BrightSpring Health Services during the 4th quarter valued at about $234,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of BrightSpring Health Services by 5.0% in the third quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company's stock valued at $313,000 after purchasing an additional 1,011 shares during the period.

BrightSpring Health Services Price Performance

NASDAQ:BTSG traded down $0.89 during trading hours on Tuesday, reaching $16.39. 1,832,959 shares of the company were exchanged, compared to its average volume of 1,278,868. The stock's 50-day moving average is $19.41 and its 200-day moving average is $18.23. BrightSpring Health Services, Inc. has a twelve month low of $9.98 and a twelve month high of $24.82. The firm has a market cap of $2.87 billion, a PE ratio of -63.04 and a beta of 2.02. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63.

Remove Ads

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BTSG. Bank of America raised their price target on shares of BrightSpring Health Services from $19.00 to $21.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Morgan Stanley raised their target price 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 initiated coverage on shares of BrightSpring Health Services in a report on Thursday, December 12th. They issued an "outperform" rating and a $27.00 price target on the stock. Finally, UBS Group lifted 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 research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $21.67.

BrightSpring Health Services Company 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.