BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $21.67.
Separately, UBS Group upped their price objective 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.
Check Out Our Latest Analysis on BrightSpring Health Services
Institutional Trading of BrightSpring Health Services
Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC grew its stake in BrightSpring Health Services by 21.6% during the 4th quarter. FMR LLC now owns 22,102,490 shares of the company's stock worth $376,405,000 after buying an additional 3,933,303 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new position in shares of BrightSpring Health Services during the fourth quarter worth approximately $26,958,000. Norges Bank purchased a new position in shares of BrightSpring Health Services during the fourth quarter worth approximately $26,065,000. Raymond James Financial Inc. acquired a new position in shares of BrightSpring Health Services in the 4th quarter valued at $18,257,000. Finally, Sea Cliff Partners Management LP boosted its stake in BrightSpring Health Services by 49.1% during the 4th quarter. Sea Cliff Partners Management LP now owns 1,735,150 shares of the company's stock worth $29,550,000 after purchasing an additional 571,437 shares during the period.
BrightSpring Health Services Trading Up 1.5 %
Shares of BTSG stock traded up $0.24 during trading on Friday, hitting $16.51. 89,705 shares of the stock traded hands, compared to its average volume of 1,277,404. The firm has a market capitalization of $2.89 billion, a P/E ratio of -63.45 and a beta of 2.02. BrightSpring Health Services has a 52-week low of $10.15 and a 52-week high of $24.82. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 0.97. The firm's fifty day moving average price is $18.01 and its 200-day moving average price is $18.35.
About BrightSpring Health Services
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Get Free ReportBrightSpring 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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