BrightSpring Health Services (NASDAQ:BTSG) Upgraded at Wall Street Zen

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday.

Several other equities research analysts have also issued reports on the company. Morgan Stanley upped their price target on BrightSpring Health Services from $20.00 to $25.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. TD Cowen assumed coverage on BrightSpring Health Services in a research note on Monday, June 23rd. They issued a "buy" rating and a $37.00 target price on the stock. Wells Fargo & Company upped their price target on shares of BrightSpring Health Services from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Finally, Mizuho set a $26.00 price target on BrightSpring Health Services in a report on Monday, May 5th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $24.90.

BrightSpring Health Services Stock Up 0.5%

Shares of NASDAQ:BTSG traded up $0.12 during midday trading on Friday, reaching $22.12. The company had a trading volume of 1,008,367 shares, compared to its average volume of 1,649,131. The stock has a market capitalization of $3.89 billion, a P/E ratio of 78.98 and a beta of 2.30. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.73 and a quick ratio of 1.37. BrightSpring Health Services has a one year low of $10.15 and a one year high of $25.57. The stock's fifty day moving average price is $22.42 and its 200-day moving average price is $20.07.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $2.74 billion. BrightSpring Health Services had a return on equity of 7.76% and a net margin of 0.49%. The company's revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period last year, the firm earned $0.12 earnings per share. Equities research analysts expect that BrightSpring Health Services will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling at BrightSpring Health Services

In related news, major shareholder Phoenix Aggregator L.P. Kkr sold 2,100,000 shares of BrightSpring Health Services stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $21.15, for a total value of $44,415,000.00. Following the transaction, the insider directly owned 77,096,337 shares in the company, valued at $1,630,587,527.55. The trade was a 2.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jon B. Rousseau sold 531,840 shares of the business's stock in a transaction on 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 directly owned 1,184,133 shares in the company, valued at $25,754,892.75. This trade represents a 30.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,919,941 shares of company stock valued at $337,025,856. Insiders own 3.40% of the company's stock.

Hedge Funds Weigh In On BrightSpring Health Services

A number of institutional investors have recently bought and sold shares of the stock. Voya Investment Management LLC lifted its stake in BrightSpring Health Services by 9.0% during the first quarter. Voya Investment Management LLC now owns 199,711 shares of the company's stock valued at $3,613,000 after buying an additional 16,434 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of BrightSpring Health Services by 4.8% during the first quarter. Rhumbline Advisers now owns 77,100 shares of the company's stock valued at $1,395,000 after acquiring an additional 3,517 shares during the period. Strs Ohio purchased a new stake in shares of BrightSpring Health Services in the 1st quarter valued at approximately $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of BrightSpring Health Services by 11.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,280 shares of the company's stock valued at $2,664,000 after acquiring an additional 14,586 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in BrightSpring Health Services by 0.3% in the 1st quarter. Millennium Management LLC now owns 577,885 shares of the company's stock worth $10,454,000 after purchasing an additional 1,967 shares during the period.

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.