Alpha DNA Investment Management LLC bought a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 23,982 shares of the company's stock, valued at approximately $408,000.
Other large investors have also recently modified their holdings of the company. R Squared Ltd purchased a new position in BrightSpring Health Services in the 4th quarter valued at approximately $74,000. Envestnet Asset Management Inc. bought a new position in BrightSpring Health Services in the 4th quarter worth about $188,000. KLP Kapitalforvaltning AS purchased a new position in BrightSpring Health Services during the 4th quarter valued at about $206,000. Teacher Retirement System of Texas bought a new position in shares of BrightSpring Health Services in the fourth quarter valued at approximately $234,000. Finally, Intech Investment Management LLC increased its holdings in BrightSpring Health Services by 93.8% during the 4th quarter. Intech Investment Management LLC now owns 20,937 shares of the company's stock worth $357,000 after acquiring an additional 10,135 shares during the period.
Analysts Set New Price Targets
Separately, UBS Group boosted their price target 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 research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $21.67.
Check Out Our Latest Stock Report on BrightSpring Health Services
BrightSpring Health Services Trading Up 1.4 %
BTSG stock traded up $0.23 during trading on Thursday, reaching $16.50. The company had a trading volume of 290,890 shares, compared to its average volume of 1,489,193. 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 52 week low of $10.15 and a 52 week high of $24.82. The business has a 50 day moving average of $18.01 and a 200 day moving average of $18.35. The company has a market cap of $2.89 billion, a P/E ratio of -63.45 and a beta of 2.02.
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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