J. Goldman & Co LP Reduces Stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

J. Goldman & Co LP lessened its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 55.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,258,619 shares of the company's stock after selling 1,569,228 shares during the period. J. Goldman & Co LP owned 0.72% of BrightSpring Health Services worth $21,434,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in BrightSpring Health Services by 275.2% in the third quarter. JPMorgan Chase & Co. now owns 163,618 shares of the company's stock valued at $2,402,000 after acquiring an additional 120,005 shares during the last quarter. Legato Capital Management LLC lifted its stake in BrightSpring Health Services by 40.0% during the fourth quarter. Legato Capital Management LLC now owns 66,910 shares of the company's stock worth $1,139,000 after purchasing an additional 19,120 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of BrightSpring Health Services by 50.9% in the 4th quarter. SG Americas Securities LLC now owns 37,000 shares of the company's stock worth $630,000 after purchasing an additional 12,486 shares in the last quarter. Barclays PLC increased its position in shares of BrightSpring Health Services by 22.2% during the 3rd 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 last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of BrightSpring Health Services during the 4th quarter valued at about $18,257,000.

BrightSpring Health Services Trading Up 1.7%

Shares of NASDAQ:BTSG traded up $0.41 during trading on Friday, reaching $24.43. 1,807,252 shares of the company traded hands, compared to its average volume of 1,409,167. 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 firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of -93.96 and a beta of 2.06. The business's fifty day moving average is $18.44 and its 200-day moving average is $18.91.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BTSG. Wells Fargo & Company boosted their target price on BrightSpring Health Services from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Tuesday. Mizuho set a $26.00 price objective on shares of BrightSpring Health Services in a report on Monday, May 5th. UBS Group upped their price objective 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. Finally, Morgan Stanley lifted their target price on shares of BrightSpring Health Services from $20.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.