BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report)'s share price fell 5.4% during trading on Wednesday . The company traded as low as $14.73 and last traded at $15.05. 609,495 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 1,462,410 shares. The stock had previously closed at $15.91.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. KeyCorp started coverage on BrightSpring Health Services in a report on Friday, October 11th. They set a "sector weight" rating for the company. The Goldman Sachs Group dropped their price objective on shares of 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. UBS Group lifted their target price on shares of BrightSpring Health Services from $16.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday. BTIG Research increased their price target on BrightSpring Health Services from $15.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Finally, Guggenheim boosted their price objective on BrightSpring Health Services from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $16.50.
Check Out Our Latest Report on BTSG
BrightSpring Health Services Price Performance
The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.00 and a current ratio of 1.33. The company has a 50 day moving average price of $14.37 and a 200 day moving average price of $12.36.
BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). The business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.61 billion. The business's quarterly revenue was up 26.0% compared to the same quarter last year. As a group, analysts forecast that BrightSpring Health Services, Inc. will post 0.57 earnings per share for the current year.
Insider Activity at BrightSpring Health Services
In other 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 shares were acquired at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following 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 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Institutional Trading of BrightSpring Health Services
A number of large investors have recently modified their holdings of BTSG. Kohlberg Kravis Roberts & Co. L.P. bought a new position in BrightSpring Health Services in the 1st quarter worth about $884,166,000. 8 Knots Management LLC bought a new position in BrightSpring Health Services in the 1st quarter worth approximately $67,678,000. Vanguard Group Inc. acquired a new stake in BrightSpring Health Services in the 1st quarter valued at approximately $54,638,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in BrightSpring Health Services during the 1st quarter valued at $35,328,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in BrightSpring Health Services during the 1st quarter worth $16,260,000.
About BrightSpring Health Services
(
Get 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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