Sterling Capital Management LLC decreased its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 20.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,909 shares of the company's stock after selling 22,899 shares during the period. Sterling Capital Management LLC owned 0.05% of BrightSpring Health Services worth $1,497,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC grew its stake in BrightSpring Health Services by 21.6% in the fourth quarter. FMR LLC now owns 22,102,490 shares of the company's stock valued at $376,405,000 after purchasing an additional 3,933,303 shares in the last quarter. Norges Bank bought a new position in shares of BrightSpring Health Services in the fourth quarter valued at $26,065,000. Raymond James Financial Inc. bought a new position in shares of BrightSpring Health Services in the fourth quarter valued at $18,257,000. Renaissance Technologies LLC increased its holdings in BrightSpring Health Services by 205.6% during the fourth quarter. Renaissance Technologies LLC now owns 557,700 shares of the company's stock worth $9,498,000 after buying an additional 375,200 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in BrightSpring Health Services by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 5,325,093 shares of the company's stock worth $90,686,000 after acquiring an additional 268,132 shares in the last quarter.
Wall Street Analysts Forecast Growth
Separately, UBS Group lifted their price objective on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.67.
View Our Latest Stock Analysis on BrightSpring Health Services
BrightSpring Health Services Stock Performance
BTSG stock traded down $0.21 during mid-day trading on Friday, hitting $16.60. 1,122,809 shares of the company were exchanged, compared to its average volume of 1,283,219. BrightSpring Health Services, Inc. has a 1-year low of $10.15 and a 1-year high of $24.82. The stock has a market capitalization of $2.90 billion, a PE ratio of -63.85 and a beta of 2.02. The business has a 50 day simple moving average of $18.37 and a 200-day simple moving average of $18.38. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63.
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.
Further Reading
Before you consider BrightSpring Health Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BrightSpring Health Services wasn't on the list.
While BrightSpring Health Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
