UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.26 Million Stock Position in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 104.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,694 shares of the company's stock after acquiring an additional 67,634 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.08% of BrightSpring Health Services worth $2,260,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of BrightSpring Health Services during the 4th quarter valued at $29,000. Envestnet Asset Management Inc. acquired a new position in shares of BrightSpring Health Services during the 4th quarter valued at $188,000. KLP Kapitalforvaltning AS acquired a new position in shares of BrightSpring Health Services during the 4th quarter valued at $206,000. Teacher Retirement System of Texas acquired a new position in shares of BrightSpring Health Services during the 4th quarter valued at $234,000. Finally, Numerai GP LLC acquired a new position in shares of BrightSpring Health Services during the 4th quarter valued at $252,000.

Analysts Set New Price Targets

BTSG has been the topic of several research analyst reports. Mizuho set a $26.00 price target on BrightSpring Health Services in a research report on Monday, May 5th. Morgan Stanley lifted 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. Finally, Wells Fargo & Company lifted their price target 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.56.

BrightSpring Health Services Price Performance

Shares of NASDAQ BTSG traded up $0.61 during mid-day trading on Friday, reaching $24.11. The company had a trading volume of 1,528,120 shares, compared to its average volume of 1,454,417. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. The stock has a market cap of $4.20 billion, a PE ratio of -92.73 and a beta of 2.58. The company has a 50-day moving average price of $20.27 and a two-hundred day moving average price of $19.53. 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 issued its earnings results on Friday, May 2nd. The company reported $0.19 earnings per share (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 company's quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. On average, equities analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current year.

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.