BrightSpring Health Services, Inc. (NASDAQ:BTSG) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,325,093 shares of the company's stock after buying an additional 268,132 shares during the period. Vanguard Group Inc. owned about 3.06% of BrightSpring Health Services worth $90,686,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in shares of BrightSpring Health Services during the 3rd quarter worth approximately $522,000. JPMorgan Chase & Co. raised its position in BrightSpring Health Services by 275.2% during the third quarter. JPMorgan Chase & Co. now owns 163,618 shares of the company's stock worth $2,402,000 after acquiring an additional 120,005 shares during the last quarter. Legato Capital Management LLC grew its position in shares of BrightSpring Health Services by 40.0% in the fourth quarter. Legato Capital Management LLC now owns 66,910 shares of the company's stock valued at $1,139,000 after purchasing an additional 19,120 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of BrightSpring Health Services by 50.9% during the 4th quarter. SG Americas Securities LLC now owns 37,000 shares of the company's stock worth $630,000 after purchasing an additional 12,486 shares in the last quarter. Finally, Barclays PLC lifted its stake in BrightSpring Health Services by 22.2% in the 3rd quarter. Barclays PLC now owns 393,725 shares of the company's stock valued at $5,780,000 after buying an additional 71,633 shares in the last quarter.

Remove Ads

Wall Street Analysts Forecast Growth

BTSG has been the subject of a number of recent research reports. UBS Group lifted their price objective on BrightSpring Health Services from $22.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Morgan Stanley lifted their price objective on BrightSpring Health Services from $19.00 to $20.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. One 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, the company has an average rating of "Moderate Buy" and a consensus target price of $21.67.

BrightSpring Health Services Stock Up 0.2 %

Shares of BTSG traded up $0.04 during midday trading on Tuesday, hitting $17.14. The company had a trading volume of 103,514 shares, compared to its average volume of 1,521,311. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of -65.88 and a beta of 2.02. BrightSpring Health Services, Inc. has a 52 week low of $10.15 and a 52 week high of $24.82. The company's 50 day moving average price is $18.80 and its 200 day moving average price is $18.32. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.63.

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.