Versor Investments LP acquired a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 31,564 shares of the company's stock, valued at approximately $463,000.
Several other institutional investors have also recently modified their holdings of BTSG. nVerses Capital LLC purchased a new position in BrightSpring Health Services during the second quarter worth approximately $55,000. Ameritas Investment Partners Inc. purchased a new stake in shares of BrightSpring Health Services in the 1st quarter valued at about $58,000. California State Teachers Retirement System purchased a new stake in BrightSpring Health Services during the 1st quarter valued at approximately $59,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in BrightSpring Health Services during the 2nd quarter valued at approximately $126,000. Finally, Arizona State Retirement System acquired a new stake in shares of BrightSpring Health Services in the 2nd quarter worth approximately $163,000.
BrightSpring Health Services Stock Performance
Shares of BrightSpring Health Services stock traded up $0.44 on Friday, hitting $19.63. 951,697 shares of the company were exchanged, compared to its average volume of 1,490,056. BrightSpring Health Services, Inc. has a 1-year low of $7.85 and a 1-year high of $20.25. The company has a 50-day moving average price of $15.68 and a 200 day moving average price of $12.96. 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 (NASDAQ:BTSG - Get Free Report) last announced its earnings results on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.72 billion. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The company's revenue for the quarter was up 28.8% compared to the same quarter last year. Research analysts predict that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have commented on BTSG shares. Mizuho raised their price objective on BrightSpring Health Services from $17.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. KeyCorp started coverage on shares of BrightSpring Health Services in a research report on Friday, October 11th. They set a "sector weight" rating for the company. Guggenheim upped their price target on BrightSpring Health Services from $15.00 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. The Goldman Sachs Group dropped their target price on BrightSpring Health Services from $21.00 to $18.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Finally, BTIG Research upped their price objective on BrightSpring Health Services from $15.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, BrightSpring Health Services has an average rating of "Moderate Buy" and an average target price of $16.79.
Get Our Latest Report on BTSG
Insider Buying and Selling
In other news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business's stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the acquisition, the insider now directly owns 92,959,984 shares of the company's stock, valued at $1,034,644,621.92. The trade was a 14.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
About BrightSpring Health Services
(
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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