L & S Advisors Inc acquired a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 84,945 shares of the company's stock, valued at approximately $1,247,000.
Other hedge funds have also modified their holdings of the company. nVerses Capital LLC acquired a new stake in shares of BrightSpring Health Services in the second quarter valued at $55,000. Ameritas Investment Partners Inc. acquired a new stake in BrightSpring Health Services in the first quarter valued at $58,000. California State Teachers Retirement System acquired a new stake in BrightSpring Health Services in the first quarter valued at $59,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in BrightSpring Health Services in the second quarter valued at $126,000. Finally, Intech Investment Management LLC acquired a new stake in BrightSpring Health Services in the third quarter valued at $159,000.
BrightSpring Health Services Price Performance
Shares of BTSG stock remained flat at $18.75 during midday trading on Friday. The company's stock had a trading volume of 1,075,112 shares, compared to its average volume of 1,476,256. The firm has a market capitalization of $3.26 billion and a PE ratio of -72.12. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. The stock has a 50-day simple moving average of $16.23 and a 200 day simple moving average of $13.24. BrightSpring Health Services, Inc. has a one year low of $7.85 and a one year high of $20.25.
BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The firm had revenue of $2.91 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 28.8% on a year-over-year basis. Analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.
Insider Transactions at BrightSpring Health Services
In other BrightSpring Health Services news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased 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 in the company, valued at $1,034,644,621.92. This represents a 14.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Analysts Set New Price Targets
A number of analysts have weighed in on the company. BTIG Research raised their price target on BrightSpring Health Services from $15.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. The Goldman Sachs Group cut their price target on BrightSpring Health Services from $21.00 to $18.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Mizuho raised their price target on BrightSpring Health Services from $17.00 to $20.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Guggenheim raised their price target on BrightSpring Health Services from $15.00 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Finally, UBS Group raised their price target on BrightSpring Health Services from $16.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.79.
Read Our Latest Stock Analysis on BrightSpring Health Services
BrightSpring Health Services Company Profile
(
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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