Healthcare of Ontario Pension Plan Trust Fund Has $40.81 Million Holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Healthcare of Ontario Pension Plan Trust Fund trimmed its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 14.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,780,000 shares of the company's stock after selling 470,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 1.60% of BrightSpring Health Services worth $40,810,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. bought a new position in shares of BrightSpring Health Services during the 1st quarter worth approximately $54,638,000. American International Group Inc. bought a new position in shares of BrightSpring Health Services during the 1st quarter worth approximately $289,000. Price T Rowe Associates Inc. MD bought a new position in shares of BrightSpring Health Services during the 1st quarter worth approximately $16,260,000. California State Teachers Retirement System bought a new position in shares of BrightSpring Health Services during the 1st quarter worth approximately $59,000. Finally, Farallon Capital Management LLC acquired a new stake in BrightSpring Health Services during the 1st quarter worth approximately $239,000.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 14.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

BrightSpring Health Services Price Performance

Shares of BTSG stock traded up $0.31 on Thursday, hitting $19.05. 1,073,464 shares of the company's stock were exchanged, compared to its average volume of 1,474,244. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 0.97. BrightSpring Health Services, Inc. has a 12 month low of $7.85 and a 12 month high of $20.25. The stock has a market cap of $3.32 billion and a P/E ratio of -73.27. The company has a 50 day moving average of $16.60 and a 200 day moving average of $13.46.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last announced 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). BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.72 billion. The business'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.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BTSG. KeyCorp began coverage on BrightSpring Health Services in a report on Friday, October 11th. They set a "sector weight" rating for the company. Mizuho lifted their price target on BrightSpring Health Services from $17.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. UBS Group lifted their price target on BrightSpring Health Services from $16.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. 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 report on Friday, August 9th. Finally, Wells Fargo & Company lifted their price objective on BrightSpring Health Services from $17.00 to $21.00 and gave the company an "overweight" rating in a report on Wednesday. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.21.

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.