HBK Investments L P Cuts Stock Position in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

HBK Investments L P decreased its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 33.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 500,000 shares of the company's stock after selling 250,000 shares during the quarter. HBK Investments L P owned 0.29% of BrightSpring Health Services worth $8,515,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in BrightSpring Health Services in the third quarter worth $522,000. JPMorgan Chase & Co. boosted its stake in shares of BrightSpring Health Services by 275.2% during the third quarter. JPMorgan Chase & Co. now owns 163,618 shares of the company's stock valued at $2,402,000 after purchasing an additional 120,005 shares during the period. Legato Capital Management LLC boosted its stake in shares of BrightSpring Health Services by 40.0% during the fourth quarter. Legato Capital Management LLC now owns 66,910 shares of the company's stock valued at $1,139,000 after purchasing an additional 19,120 shares during the period. SG Americas Securities LLC boosted its stake in shares of BrightSpring Health Services by 50.9% during the fourth quarter. SG Americas Securities LLC now owns 37,000 shares of the company's stock valued at $630,000 after purchasing an additional 12,486 shares during the period. Finally, Barclays PLC boosted its stake in shares of BrightSpring Health Services by 22.2% during the third quarter. Barclays PLC now owns 393,725 shares of the company's stock valued at $5,780,000 after purchasing an additional 71,633 shares during the period.

BrightSpring Health Services Price Performance

BTSG stock traded up $0.02 during trading on Wednesday, hitting $17.55. The stock had a trading volume of 180,975 shares, compared to its average volume of 1,282,998. 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 twelve month low of $10.15 and a twelve month high of $24.82. The stock has a market capitalization of $3.07 billion, a P/E ratio of -67.50 and a beta of 2.02. The company's 50-day moving average price is $17.67 and its two-hundred day moving average price is $18.43.

Wall Street Analysts Forecast Growth

Separately, UBS Group boosted their target price on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $21.67.

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.