Bellevue Group AG Acquires Shares of 174,152 BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Bellevue Group AG bought a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 174,152 shares of the company's stock, valued at approximately $2,966,000. Bellevue Group AG owned about 0.10% of BrightSpring Health Services at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BTSG. Quarry LP acquired a new position in shares of BrightSpring Health Services during the 4th quarter valued at about $29,000. R Squared Ltd acquired a new position in BrightSpring Health Services during the fourth quarter valued at approximately $74,000. Envestnet Asset Management Inc. bought a new position in shares of BrightSpring Health Services in the fourth quarter valued at approximately $188,000. KLP Kapitalforvaltning AS acquired a new stake in shares of BrightSpring Health Services in the fourth quarter worth $206,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of BrightSpring Health Services during the 4th quarter worth $234,000.

BrightSpring Health Services Stock Performance

Shares of BTSG traded up $1.21 during trading hours on Wednesday, reaching $23.04. 3,934,473 shares of the company traded hands, compared to its average volume of 1,352,795. 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 cap of $4.03 billion, a P/E ratio of -88.62 and a beta of 2.06. The stock's fifty day moving average is $17.79 and its 200 day moving average is $18.61. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.10. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.74 billion. BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The firm's revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. Equities research analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

BTSG has been the topic of several recent analyst reports. UBS Group lifted their target price on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Mizuho set a $26.00 price objective on BrightSpring Health Services in a research note on Monday. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $22.33.

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.