Voya Investment Management LLC Grows Holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Voya Investment Management LLC raised its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 931.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 183,277 shares of the company's stock after purchasing an additional 165,515 shares during the quarter. Voya Investment Management LLC owned 0.11% of BrightSpring Health Services worth $3,121,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BTSG. Rhumbline Advisers increased its position in shares of BrightSpring Health Services by 1.5% in the fourth quarter. Rhumbline Advisers now owns 73,583 shares of the company's stock valued at $1,253,000 after acquiring an additional 1,118 shares during the period. MetLife Investment Management LLC lifted its holdings in BrightSpring Health Services by 4.9% in the 4th quarter. MetLife Investment Management LLC now owns 33,117 shares of the company's stock worth $564,000 after purchasing an additional 1,548 shares in the last quarter. Legal & General Group Plc boosted its stake in BrightSpring Health Services by 4.8% during the fourth quarter. Legal & General Group Plc now owns 64,631 shares of the company's stock valued at $1,101,000 after buying an additional 2,945 shares during the last quarter. R Squared Ltd purchased a new stake in shares of BrightSpring Health Services during the 4th quarter valued at about $74,000. Finally, Geode Capital Management LLC raised its holdings in shares of BrightSpring Health Services by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,311,204 shares of the company's stock worth $22,335,000 after buying an additional 6,990 shares during the period.

BrightSpring Health Services Trading Down 3.1 %

BTSG stock traded down $0.71 during mid-day trading on Thursday, reaching $22.33. The company's stock had a trading volume of 1,370,449 shares, compared to its average volume of 1,353,185. The business's 50 day moving average price is $17.79 and its 200 day moving average price is $18.61. BrightSpring Health Services, Inc. has a 12 month low of $10.15 and a 12 month 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 company has a market cap of $3.91 billion, a price-to-earnings ratio of -85.88 and a beta of 2.06.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on BTSG shares. Mizuho set a $26.00 price objective on shares of BrightSpring Health Services in a report on Monday. UBS Group increased their target price on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $22.33.

About BrightSpring Health Services

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.