Jump Financial LLC Has $944,000 Holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Jump Financial LLC increased its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 126.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,424 shares of the company's stock after acquiring an additional 30,984 shares during the period. Jump Financial LLC's holdings in BrightSpring Health Services were worth $944,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BTSG. State Street Corp raised its position in BrightSpring Health Services by 7.4% in the 3rd quarter. State Street Corp now owns 1,239,628 shares of the company's stock worth $18,198,000 after purchasing an additional 85,464 shares during the last quarter. Barclays PLC raised its position in shares of BrightSpring Health Services by 22.2% during the third quarter. Barclays PLC now owns 393,725 shares of the company's stock worth $5,780,000 after acquiring an additional 71,633 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of BrightSpring Health Services by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,304,214 shares of the company's stock valued at $19,150,000 after acquiring an additional 7,750 shares during the period. Virtu Financial LLC bought a new position in BrightSpring Health Services in the third quarter valued at about $522,000. Finally, JPMorgan Chase & Co. increased 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 worth $2,402,000 after purchasing an additional 120,005 shares during the period.

Analysts Set New Price Targets

Separately, UBS Group raised their target price on shares of 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 investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.67.

BrightSpring Health Services Trading Up 2.2 %

NASDAQ:BTSG traded up $0.37 during trading hours on Friday, hitting $16.92. The stock had a trading volume of 844,044 shares, compared to its average volume of 1,288,847. The business's 50 day moving average is $17.80 and its 200-day moving average is $18.42. 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 company has a market cap of $2.96 billion, a price-to-earnings ratio of -65.08 and a beta of 2.02. BrightSpring Health Services, Inc. has a one year low of $10.15 and a one year high of $24.82.

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.