Bellevue Group AG Invests $2.97 Million in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Bellevue Group AG bought a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 174,152 shares of the company's stock, valued at approximately $2,966,000. Bellevue Group AG owned approximately 0.10% of BrightSpring Health Services as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in BrightSpring Health Services during the fourth quarter worth $29,000. R Squared Ltd purchased a new stake in shares of BrightSpring Health Services during the 4th quarter worth $74,000. Envestnet Asset Management Inc. acquired a new position in shares of BrightSpring Health Services during the 4th quarter worth $188,000. KLP Kapitalforvaltning AS purchased a new position in shares of BrightSpring Health Services in the 4th quarter valued at about $206,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of BrightSpring Health Services in the fourth quarter valued at about $234,000.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. UBS Group lifted their price target on BrightSpring Health Services from $22.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Mizuho set a $26.00 target price on BrightSpring Health Services in a research note on Monday. Finally, Morgan Stanley upped their price objective on BrightSpring Health Services from $20.00 to $25.00 and gave the company an "overweight" rating in a research report on Friday. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $22.89.

BrightSpring Health Services Trading Up 0.7 %

BTSG traded up $0.16 during trading on Friday, hitting $22.68. 1,261,987 shares of the company's stock were exchanged, compared to its average volume of 1,368,125. The stock has a 50 day moving average price of $17.87 and a 200 day moving average price of $18.65. BrightSpring Health Services, Inc. has a 1 year low of $10.15 and a 1 year high of $24.82. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. The firm has a market cap of $3.97 billion, a P/E ratio of -87.23 and a beta of 2.06.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last issued 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. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The company had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.74 billion. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The firm's quarterly revenue was up 25.9% on a year-over-year basis. As a group, analysts expect that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal year.

BrightSpring Health Services Company 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.