Silvercrest Asset Management Group LLC Has $18.33 Million Holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Silvercrest Asset Management Group LLC trimmed its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 17.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,076,535 shares of the company's stock after selling 229,566 shares during the period. Silvercrest Asset Management Group LLC owned about 0.62% of BrightSpring Health Services worth $18,333,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in BrightSpring Health Services by 21.6% during the fourth quarter. FMR LLC now owns 22,102,490 shares of the company's stock worth $376,405,000 after buying an additional 3,933,303 shares in the last quarter. Vanguard Group Inc. boosted its holdings in BrightSpring Health Services by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 5,325,093 shares of the company's stock worth $90,686,000 after buying an additional 268,132 shares in the last quarter. Invesco Ltd. boosted its holdings in BrightSpring Health Services by 1.0% during the fourth quarter. Invesco Ltd. now owns 4,378,562 shares of the company's stock worth $74,567,000 after buying an additional 41,991 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in BrightSpring Health Services by 13.9% during 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 buying an additional 328,977 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new stake in BrightSpring Health Services during the fourth quarter worth approximately $26,958,000.

BrightSpring Health Services Stock Performance

NASDAQ:BTSG traded down $0.29 during midday trading on Tuesday, reaching $23.82. The stock had a trading volume of 1,461,700 shares, compared to its average volume of 1,415,955. BrightSpring Health Services, Inc. has a 1-year low of $10.15 and a 1-year high of $24.82. The firm's fifty day simple moving average is $18.86 and its 200-day simple moving average is $19.10. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 0.97. The stock has a market capitalization of $4.15 billion, a P/E ratio of -91.62 and a beta of 2.06.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the business posted $0.12 EPS. BrightSpring Health Services's revenue was up 25.9% compared to the same quarter last year. On average, equities research analysts forecast that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BTSG shares. Wells Fargo & Company upped their price target on shares of BrightSpring Health Services from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Mizuho set a $26.00 price target on shares of BrightSpring Health Services in a report on Monday, May 5th. Morgan Stanley upped their price objective on shares of BrightSpring Health Services from $20.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, UBS Group boosted their price target on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average 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.