Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) saw strong trading volume on Wednesday . 1,477,478 shares traded hands during mid-day trading, an increase of 0% from the previous session's volume of 1,473,217 shares.The stock last traded at $22.13 and had previously closed at $22.24.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Morgan Stanley boosted their price target on BrightSpring Health Services from $20.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Mizuho set a $26.00 target price on BrightSpring Health Services in a research report on Monday, May 5th. Finally, Wells Fargo & Company upped their target price on BrightSpring Health Services from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $23.56.
Read Our Latest Analysis on BrightSpring Health Services
BrightSpring Health Services Trading Down 1.9%
The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. The company has a 50 day simple moving average of $20.74 and a two-hundred day simple moving average of $19.63. The firm has a market cap of $3.69 billion, a PE ratio of -81.46 and a beta of 2.58.
BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate 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 company's quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 EPS. Analysts expect that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal year.
Insider Buying and Selling at BrightSpring Health Services
In other news, insider Jon B. Rousseau sold 531,840 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $21.75, for a total value of $11,567,520.00. Following the sale, the insider now owns 1,184,133 shares in the company, valued at $25,754,892.75. This represents a 30.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.40% of the company's stock.
Institutional Trading of BrightSpring Health Services
Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in BrightSpring Health Services during the fourth quarter worth approximately $18,257,000. Deutsche Bank AG boosted its position in BrightSpring Health Services by 80.9% during the fourth quarter. Deutsche Bank AG now owns 57,713 shares of the company's stock worth $983,000 after purchasing an additional 25,810 shares in the last quarter. Norges Bank purchased a new position in BrightSpring Health Services during the fourth quarter worth approximately $26,065,000. Rhumbline Advisers boosted 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 purchasing an additional 1,118 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position 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 purchasing an additional 268,132 shares in the last quarter.
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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