Corton Capital Inc. Buys New Shares in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Corton Capital Inc. purchased a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,964 shares of the company's stock, valued at approximately $323,000.

Other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in BrightSpring Health Services in the 4th quarter valued at about $29,000. R Squared Ltd purchased a new position in BrightSpring Health Services in the fourth quarter valued at about $74,000. Envestnet Asset Management Inc. acquired a new stake in shares of BrightSpring Health Services in the fourth quarter valued at approximately $188,000. KLP Kapitalforvaltning AS acquired a new stake in BrightSpring Health Services during the fourth quarter worth approximately $206,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of BrightSpring Health Services in the 4th quarter valued at $234,000.

BrightSpring Health Services Stock Down 2.6%

BTSG stock traded down $0.59 during mid-day trading on Monday, hitting $22.23. 1,399,490 shares of the company were exchanged, compared to its average volume of 1,376,441. 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 firm has a market cap of $3.87 billion, a P/E ratio of -85.69 and a beta of 2.06. The firm's 50 day simple moving average is $17.96 and its 200 day simple moving average is $18.74. BrightSpring Health Services, Inc. has a 1-year low of $10.15 and a 1-year high of $24.82.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same period last year, the company earned $0.12 earnings per share. The firm's revenue was up 25.9% compared to the same quarter last year. On average, sell-side analysts predict that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of BrightSpring Health Services from $20.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday. Mizuho set a $26.00 target price on shares of BrightSpring Health Services in a research note on Monday, May 5th. Finally, UBS Group upped their price target on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $22.89.

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.