BrightSpring Health Services, Inc. (NASDAQ:BTSG) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 65.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 198,998 shares of the company's stock after acquiring an additional 78,965 shares during the period. GSA Capital Partners LLP owned 0.12% of BrightSpring Health Services worth $2,921,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Versor Investments LP acquired a new stake in shares of BrightSpring Health Services during the third quarter worth $463,000. Lisanti Capital Growth LLC acquired a new stake in BrightSpring Health Services in the third quarter valued at $4,659,000. Assenagon Asset Management S.A. acquired a new stake in BrightSpring Health Services in the third quarter valued at $1,822,000. nVerses Capital LLC lifted its holdings in BrightSpring Health Services by 195.8% in the third quarter. nVerses Capital LLC now owns 14,200 shares of the company's stock valued at $208,000 after acquiring an additional 9,400 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of BrightSpring Health Services during the 3rd quarter worth $360,000.

Analyst Upgrades and Downgrades

BTSG has been the subject of several research reports. Mizuho lifted their price target on BrightSpring Health Services from $17.00 to $20.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. The Goldman Sachs Group dropped their price objective on BrightSpring Health Services from $21.00 to $18.00 and set a "buy" rating for the company in a research report on Friday, August 9th. KeyCorp assumed coverage on BrightSpring Health Services in a research report on Friday, October 11th. They set a "sector weight" rating for the company. BTIG Research lifted their price objective on BrightSpring Health Services from $15.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Finally, Guggenheim boosted their target price 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. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $16.79.

Insider Activity

In other BrightSpring Health Services news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares of the company's stock, valued at approximately $1,034,644,621.92. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

BrightSpring Health Services Stock Down 2.5 %

NASDAQ BTSG traded down $0.50 during trading hours on Tuesday, hitting $19.54. The company had a trading volume of 1,546,251 shares, compared to its average volume of 1,499,815. BrightSpring Health Services, Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $20.25. The company has a market capitalization of $3.40 billion and a price-to-earnings ratio of -75.15. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 1.00. The firm's 50 day moving average is $15.42 and its 200 day moving average is $12.87.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.11 earnings per share (EPS) 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 analyst estimates 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. Sell-side analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.

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.