BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.66 and last traded at $17.53, with a volume of 934548 shares traded. The stock had previously closed at $17.53.
Analysts Set New Price Targets
Several research firms have issued reports on BTSG. UBS Group lifted their target price on BrightSpring Health Services from $22.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Mizuho set a $26.00 price target on shares of BrightSpring Health Services in a research note on Monday. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $22.33.
Check Out Our Latest Report on BTSG
BrightSpring Health Services Trading Up 2.2 %
The stock has a market cap of $3.79 billion, a price-to-earnings ratio of -83.42 and a beta of 2.06. 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 business's 50 day moving average is $17.66 and its 200 day moving average is $18.55.
BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to analysts' expectations 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 previous year, the firm earned $0.12 earnings per share. As a group, equities analysts expect that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.
Institutional Investors Weigh In On BrightSpring Health Services
A number of institutional investors have recently added to or reduced their stakes in BTSG. Teacher Retirement System of Texas grew its holdings in BrightSpring Health Services by 6.8% during the first quarter. Teacher Retirement System of Texas now owns 14,650 shares of the company's stock worth $265,000 after acquiring an additional 932 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in BrightSpring Health Services by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,649 shares of the company's stock worth $522,000 after buying an additional 1,032 shares in the last quarter. Rhumbline Advisers grew its position in BrightSpring Health Services by 1.5% during the fourth quarter. Rhumbline Advisers now owns 73,583 shares of the company's stock worth $1,253,000 after buying an additional 1,118 shares during the period. MetLife Investment Management LLC lifted its position in shares of BrightSpring Health Services by 4.9% during the 4th quarter. MetLife Investment Management LLC now owns 33,117 shares of the company's stock valued at $564,000 after acquiring an additional 1,548 shares during the period. Finally, Quarry LP acquired a new stake in shares of BrightSpring Health Services in the 4th quarter worth approximately $29,000.
BrightSpring Health Services Company Profile
(
Get Free Report)
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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