State Street Corp Acquires 85,464 Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG)

State Street Corp increased its stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 7.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,239,628 shares of the company's stock after buying an additional 85,464 shares during the period. State Street Corp owned 0.71% of BrightSpring Health Services worth $18,198,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in BrightSpring Health Services by 16.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 156,911 shares of the company's stock valued at $1,783,000 after buying an additional 21,760 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in BrightSpring Health Services in the second quarter worth about $126,000. nVerses Capital LLC acquired a new stake in BrightSpring Health Services in the second quarter worth about $55,000. Rhumbline Advisers raised its holdings in BrightSpring Health Services by 20.4% during the 2nd quarter. Rhumbline Advisers now owns 73,643 shares of the company's stock worth $837,000 after purchasing an additional 12,479 shares during the last quarter. Finally, TD Asset Management Inc acquired a new position in BrightSpring Health Services during the 2nd quarter valued at about $2,308,000.

BrightSpring Health Services Stock Up 0.2 %

BTSG traded up $0.04 during trading on Tuesday, reaching $17.44. The company had a trading volume of 268,075 shares, compared to its average volume of 1,474,985. The business's fifty day moving average price is $17.85 and its 200 day moving average price is $14.39. 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 company has a market cap of $3.04 billion and a P/E ratio of -67.08.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate 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 firm's quarterly revenue was up 28.8% on a year-over-year basis. Equities analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. CJS Securities began coverage on shares of BrightSpring Health Services in a research report on Thursday, December 12th. They set an "outperform" rating and a $27.00 price target for the company. BTIG Research upped their target price on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Guggenheim raised their price target on BrightSpring Health Services from $15.00 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Mizuho lifted their price objective on BrightSpring Health Services from $17.00 to $20.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Finally, Bank of America increased their target price on BrightSpring Health Services from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $18.65.

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.