Federated Hermes Inc. Raises Holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Federated Hermes Inc. boosted its stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 80.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 572,436 shares of the company's stock after purchasing an additional 254,811 shares during the period. Federated Hermes Inc. owned about 0.33% of BrightSpring Health Services worth $9,749,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of BrightSpring Health Services during the 4th quarter worth $74,000. Envestnet Asset Management Inc. bought a new position in BrightSpring Health Services in the 4th quarter worth $188,000. KLP Kapitalforvaltning AS purchased a new position in BrightSpring Health Services during the fourth quarter valued at $206,000. Teacher Retirement System of Texas bought a new stake in BrightSpring Health Services during the fourth quarter valued at about $234,000. Finally, BNP Paribas Financial Markets increased its position in BrightSpring Health Services by 5.0% in the third quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company's stock worth $313,000 after buying an additional 1,011 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BTSG. 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 report on Wednesday, January 29th. Morgan Stanley lifted their price target 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. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.67.

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BrightSpring Health Services Price Performance

BTSG traded up $0.05 during trading on Wednesday, reaching $17.13. 193,325 shares of the company traded hands, compared to its average volume of 1,276,604. The company has a market cap of $3.00 billion, a P/E ratio of -65.92 and a beta of 2.02. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. BrightSpring Health Services, Inc. has a 12-month low of $10.15 and a 12-month high of $24.82. The firm has a fifty day simple moving average of $18.69 and a 200 day simple moving average of $18.31.

BrightSpring Health Services 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.