BrightSpring Health Services, Inc. (NASDAQ:BTSG) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 120.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,369 shares of the company's stock after acquiring an additional 44,937 shares during the period. Quantbot Technologies LP's holdings in BrightSpring Health Services were worth $1,403,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of BTSG. Virtu Financial LLC purchased a new position in shares of BrightSpring Health Services during the 3rd quarter worth approximately $522,000. JPMorgan Chase & Co. raised its holdings in shares of 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 acquiring an additional 120,005 shares during the last quarter. Legato Capital Management LLC lifted its position in shares of BrightSpring Health Services by 40.0% in the fourth quarter. Legato Capital Management LLC now owns 66,910 shares of the company's stock valued at $1,139,000 after acquiring an additional 19,120 shares in the last quarter. HBK Investments L P boosted its stake in shares of BrightSpring Health Services by 7.1% during the third quarter. HBK Investments L P now owns 750,000 shares of the company's stock valued at $11,010,000 after acquiring an additional 50,000 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in BrightSpring Health Services by 50.9% during the 4th quarter. SG Americas Securities LLC now owns 37,000 shares of the company's stock worth $630,000 after purchasing an additional 12,486 shares in the last quarter.

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BrightSpring Health Services Trading Down 2.1 %

NASDAQ:BTSG traded down $0.38 on Friday, hitting $18.03. 866,535 shares of the stock were exchanged, compared to its average volume of 1,277,616. The stock has a market cap of $3.15 billion, a PE ratio of -69.35 and a beta of 2.20. BrightSpring Health Services, Inc. has a fifty-two week low of $9.98 and a fifty-two week high of $24.82. 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 fifty day moving average of $20.13 and a 200-day moving average of $18.03.

Wall Street Analysts Forecast Growth

BTSG has been the topic of a number of recent research reports. Morgan Stanley upped their target price on shares of BrightSpring Health Services from $19.00 to $20.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. CJS Securities initiated coverage on shares of BrightSpring Health Services in a research note on Thursday, December 12th. They set an "outperform" rating and a $27.00 price objective on the stock. Bank of America raised their target price 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. Finally, UBS Group increased their price target on BrightSpring Health Services from $22.00 to $30.00 and gave the stock 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 assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.