SG Americas Securities LLC grew its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 50.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,000 shares of the company's stock after purchasing an additional 12,486 shares during the period. SG Americas Securities LLC's holdings in BrightSpring Health Services were worth $630,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in shares of BrightSpring Health Services by 5.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company's stock worth $313,000 after acquiring an additional 1,011 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in BrightSpring Health Services by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 440,335 shares of the company's stock worth $6,464,000 after purchasing an additional 6,326 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of BrightSpring Health Services by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,304,214 shares of the company's stock valued at $19,150,000 after purchasing an additional 7,750 shares in the last quarter. nVerses Capital LLC increased its stake in shares of BrightSpring Health Services by 195.8% in the 3rd quarter. nVerses Capital LLC now owns 14,200 shares of the company's stock valued at $208,000 after purchasing an additional 9,400 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of BrightSpring Health Services during the 3rd quarter worth $159,000.
Wall Street Analysts Forecast Growth
BTSG has been the topic of a number of recent analyst reports. Morgan Stanley lifted their target price on BrightSpring Health Services from $19.00 to $20.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. KeyCorp started coverage on BrightSpring Health Services in a research report on Friday, October 11th. They issued a "sector weight" rating for the company. CJS Securities assumed coverage on shares of BrightSpring Health Services in a research note on Thursday, December 12th. They issued an "outperform" rating and a $27.00 price objective on the stock. UBS Group raised their target price on BrightSpring Health Services from $22.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Finally, Mizuho upped their price target on BrightSpring Health Services from $17.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, BrightSpring Health Services has a consensus rating of "Moderate Buy" and a consensus target price of $19.42.
View Our Latest Stock Analysis on BrightSpring Health Services
BrightSpring Health Services Trading Up 0.3 %
BTSG stock traded up $0.08 during mid-day trading on Monday, reaching $23.68. The company's stock had a trading volume of 570,023 shares, compared to its average volume of 1,631,457. BrightSpring Health Services, Inc. has a 12 month low of $7.85 and a 12 month 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 business's 50 day moving average price is $18.82 and its 200 day moving average price is $16.02. The company has a market cap of $4.12 billion and a price-to-earnings ratio of -91.11.
BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.72 billion. BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The company's quarterly revenue was up 28.8% on a year-over-year basis. On average, equities research analysts predict that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.
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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