BrightSpring Health Services, Inc. (NASDAQ:BTSG) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 1,193.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,983 shares of the company's stock after acquiring an additional 254,654 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.16% of BrightSpring Health Services worth $4,700,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BTSG. Schonfeld Strategic Advisors LLC lifted its position in shares of BrightSpring Health Services by 30.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 44,400 shares of the company's stock worth $756,000 after purchasing an additional 10,327 shares in the last quarter. Northern Trust Corp increased its stake in BrightSpring Health Services by 12.6% during the 4th quarter. Northern Trust Corp now owns 535,334 shares of the company's stock worth $9,117,000 after buying an additional 60,111 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in BrightSpring Health Services by 7.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 211,361 shares of the company's stock worth $3,599,000 after buying an additional 15,154 shares in the last quarter. Quarry LP purchased a new position in BrightSpring Health Services in the 4th quarter valued at approximately $29,000. Finally, Voya Investment Management LLC grew its stake in shares of BrightSpring Health Services by 931.8% in the fourth quarter. Voya Investment Management LLC now owns 183,277 shares of the company's stock worth $3,121,000 after acquiring an additional 165,515 shares in the last quarter.

BrightSpring Health Services Trading Up 4.0%

NASDAQ:BTSG opened at $23.24 on Wednesday. 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 $4.05 billion, a P/E ratio of -89.38 and a beta of 2.06. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. The stock has a 50-day simple moving average of $18.16 and a 200-day simple moving average of $18.82.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Morgan Stanley increased their price objective on BrightSpring Health Services from $20.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. UBS Group upped their price target on BrightSpring Health Services from $22.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted their price objective on BrightSpring Health Services from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Mizuho set a $26.00 price objective on BrightSpring Health Services in a research report on Monday, May 5th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.56.

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.

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