Raymond James Financial Inc. bought a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,072,040 shares of the company's stock, valued at approximately $18,257,000. Raymond James Financial Inc. owned approximately 0.62% of BrightSpring Health Services at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in BTSG. FMR LLC grew its position in BrightSpring Health Services by 21.6% in the 4th quarter. FMR LLC now owns 22,102,490 shares of the company's stock worth $376,405,000 after purchasing an additional 3,933,303 shares in the last quarter. Norges Bank purchased a new position in shares of BrightSpring Health Services in the 4th quarter worth approximately $26,065,000. Renaissance Technologies LLC grew its holdings in shares of BrightSpring Health Services by 205.6% in the fourth quarter. Renaissance Technologies LLC now owns 557,700 shares of the company's stock valued at $9,498,000 after acquiring an additional 375,200 shares in the last quarter. Vanguard Group Inc. increased its position in shares of BrightSpring Health Services by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 5,325,093 shares of the company's stock valued at $90,686,000 after acquiring an additional 268,132 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in BrightSpring Health Services by 80.2% during the fourth quarter. Federated Hermes Inc. now owns 572,436 shares of the company's stock worth $9,749,000 after acquiring an additional 254,811 shares during the period.
BrightSpring Health Services Stock Performance
Shares of BTSG stock traded up $0.20 on Friday, hitting $16.75. 198,794 shares of the stock were exchanged, compared to its average volume of 1,279,771. The firm's 50 day moving average is $17.90 and its two-hundred day moving average is $18.37. BrightSpring Health Services, Inc. has a one year low of $10.15 and a one year high of $24.82. The firm has a market capitalization of $2.93 billion, a PE ratio of -64.33 and a beta of 2.02. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63.
Analyst Upgrades and Downgrades
Separately, UBS Group upped their price objective on BrightSpring Health Services from $22.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, BrightSpring Health Services currently has an average rating of "Moderate Buy" and a consensus price target of $21.67.
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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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