Voya Investment Management LLC Has $3.12 Million Stock Position in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Voya Investment Management LLC grew its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 931.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 183,277 shares of the company's stock after buying an additional 165,515 shares during the quarter. Voya Investment Management LLC owned approximately 0.11% of BrightSpring Health Services worth $3,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. bought a new stake in BrightSpring Health Services in the fourth quarter worth approximately $26,958,000. Price T Rowe Associates Inc. MD boosted its holdings in BrightSpring Health Services by 13.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,698,629 shares of the company's stock worth $45,959,000 after purchasing an additional 328,977 shares in the last quarter. MetLife Investment Management LLC increased its position in BrightSpring Health Services by 4.9% during the fourth quarter. MetLife Investment Management LLC now owns 33,117 shares of the company's stock worth $564,000 after buying an additional 1,548 shares during the last quarter. First Trust Advisors LP bought a new position in BrightSpring Health Services during the fourth quarter valued at about $987,000. Finally, Alpha DNA Investment Management LLC acquired a new stake in shares of BrightSpring Health Services in the fourth quarter worth about $408,000.

Analyst Ratings Changes

A number of brokerages have issued reports on BTSG. Mizuho set a $26.00 target price on BrightSpring Health Services in a research report on Monday. UBS Group lifted their target price 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. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $22.33.

BrightSpring Health Services Stock Performance

BrightSpring Health Services stock traded up $0.68 on Tuesday, hitting $21.83. The company's stock had a trading volume of 8,770,219 shares, compared to its average volume of 1,343,942. The firm has a market cap of $3.82 billion, a P/E ratio of -83.96 and a beta of 2.06. The company has a fifty day moving average price of $17.66 and a 200-day moving average price of $18.55. BrightSpring Health Services, Inc. has a one year low of $10.15 and a one year high of $24.82. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.63.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its quarterly earnings data 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 for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 earnings per share. On average, equities analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current year.

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.