Invesco Ltd. raised its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,378,562 shares of the company's stock after acquiring an additional 41,991 shares during the period. Invesco Ltd. owned about 2.51% of BrightSpring Health Services worth $74,567,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in BrightSpring Health Services by 5.0% during the third quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company's stock worth $313,000 after acquiring an additional 1,011 shares in the last quarter. State Street Corp increased its stake in shares of BrightSpring Health Services by 7.4% during the 3rd quarter. State Street Corp now owns 1,239,628 shares of the company's stock worth $18,198,000 after purchasing an additional 85,464 shares during the last quarter. Barclays PLC grew its holdings in 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. Geode Capital Management LLC raised its stake in BrightSpring Health Services by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,304,214 shares of the company's stock valued at $19,150,000 after acquiring an additional 7,750 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of BrightSpring Health Services in the third quarter worth about $522,000.
BrightSpring Health Services Trading Down 1.2 %
Shares of BrightSpring Health Services stock traded down $0.21 on Friday, hitting $16.60. 1,122,809 shares of the company traded hands, compared to its average volume of 1,279,787. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. BrightSpring Health Services, Inc. has a 52 week low of $10.15 and a 52 week high of $24.82. The stock's 50 day moving average price is $18.37 and its 200-day moving average price is $18.33. The company has a market cap of $2.90 billion, a PE ratio of -63.85 and a beta of 2.02.
Wall Street Analyst Weigh In
Separately, UBS Group boosted their price objective on BrightSpring Health Services from $22.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $21.67.
Read Our Latest Report on BTSG
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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