33,563 Shares in BrightSpring Health Services, Inc. (NASDAQ:BTSG) Acquired by LMR Partners LLP

LMR Partners LLP purchased a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 33,563 shares of the company's stock, valued at approximately $493,000.

Other institutional investors also recently bought and sold shares of the company. Silvercrest Asset Management Group LLC purchased a new stake in shares of BrightSpring Health Services during the first quarter valued at approximately $14,179,000. Price T Rowe Associates Inc. MD bought a new stake in shares of BrightSpring Health Services in the 1st quarter worth $16,260,000. TD Asset Management Inc purchased a new position in shares of BrightSpring Health Services in the second quarter worth $2,308,000. Magnetar Financial LLC lifted its holdings in shares of BrightSpring Health Services by 46.9% during the second quarter. Magnetar Financial LLC now owns 1,188,302 shares of the company's stock valued at $13,499,000 after purchasing an additional 379,149 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of BrightSpring Health Services during the third quarter valued at $1,822,000.

BrightSpring Health Services Price Performance

Shares of BrightSpring Health Services stock traded up $0.14 during trading hours on Wednesday, hitting $18.79. The company's stock had a trading volume of 968,750 shares, compared to its average volume of 1,482,142. 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 $7.85 and a 12-month high of $20.25. The business has a 50 day moving average price of $16.14 and a two-hundred day moving average price of $13.20. The company has a market cap of $3.27 billion and a PE ratio of -72.27.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The company had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.72 billion. The firm's quarterly revenue was up 28.8% on a year-over-year basis. Analysts expect that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Mizuho raised their price target on shares of BrightSpring Health Services from $17.00 to $20.00 and gave the company an "outperform" rating in a report on Monday, November 4th. KeyCorp started coverage on shares of BrightSpring Health Services in a research report on Friday, October 11th. They issued a "sector weight" rating for the company. Guggenheim increased their price target on BrightSpring Health Services from $15.00 to $18.00 and gave the company a "buy" rating in a report on Tuesday, October 1st. UBS Group lifted their price objective on BrightSpring Health Services from $16.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group lowered their target price on BrightSpring Health Services from $21.00 to $18.00 and set a "buy" rating on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $16.79.

Insider Buying and Selling at BrightSpring Health Services

In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The trade was a 14.29 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

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.