Barclays PLC raised its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 22.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 393,725 shares of the company's stock after purchasing an additional 71,633 shares during the period. Barclays PLC owned 0.23% of BrightSpring Health Services worth $5,780,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC grew its stake in BrightSpring Health Services by 17.2% during the 3rd quarter. FMR LLC now owns 18,169,187 shares of the company's stock worth $266,724,000 after buying an additional 2,664,582 shares during the last quarter. Magnetar Financial LLC increased its holdings in shares of BrightSpring Health Services by 46.9% in the 2nd quarter. Magnetar Financial LLC now owns 1,188,302 shares of the company's stock valued at $13,499,000 after acquiring an additional 379,149 shares during the period. Lisanti Capital Growth LLC purchased a new stake in BrightSpring Health Services in the 3rd quarter valued at $4,659,000. TD Asset Management Inc purchased a new position in shares of BrightSpring Health Services during the second quarter worth about $2,308,000. Finally, ClariVest Asset Management LLC acquired a new position in shares of BrightSpring Health Services in the second quarter valued at approximately $1,725,000.
BrightSpring Health Services Stock Performance
BrightSpring Health Services stock traded up $0.23 during trading hours on Friday, reaching $17.27. 1,409,256 shares of the company were exchanged, compared to its average volume of 1,484,429. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. The stock has a 50-day moving average of $17.76 and a 200 day moving average of $14.27. The firm has a market cap of $3.01 billion and a price-to-earnings ratio of -66.42. BrightSpring Health Services, Inc. has a 12 month low of $7.85 and a 12 month high of $20.25.
BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.72 billion. BrightSpring Health Services's revenue was up 28.8% on a year-over-year basis. As a group, research analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts recently weighed in on BTSG shares. KeyCorp assumed coverage on BrightSpring Health Services in a research note on Friday, October 11th. They issued a "sector weight" rating on the stock. Wells Fargo & Company boosted their price target on BrightSpring Health Services from $17.00 to $21.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. Guggenheim lifted their price target on shares of BrightSpring Health Services from $15.00 to $18.00 and gave the company a "buy" rating in a report on Tuesday, October 1st. Mizuho increased their target price on shares of BrightSpring Health Services from $17.00 to $20.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Finally, UBS Group increased their target price on BrightSpring Health Services from $16.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. One 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 stock presently has an average rating of "Moderate Buy" and an average price target of $18.65.
View Our Latest Analysis on BrightSpring Health Services
About BrightSpring Health Services
(
Free Report)
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.
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