BrightSpring Health Services, Inc. (NASDAQ:BTSG) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 535,334 shares of the company's stock after purchasing an additional 60,111 shares during the quarter. Northern Trust Corp owned about 0.31% of BrightSpring Health Services worth $9,117,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BTSG. Quarry LP purchased a new position in BrightSpring Health Services during the 4th quarter worth $29,000. R Squared Ltd purchased a new stake in BrightSpring Health Services in the fourth quarter valued at about $74,000. Envestnet Asset Management Inc. acquired a new stake in BrightSpring Health Services in the fourth quarter worth about $188,000. KLP Kapitalforvaltning AS purchased a new stake in shares of BrightSpring Health Services during the fourth quarter worth about $206,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of BrightSpring Health Services during the fourth quarter worth about $234,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their target price on shares of BrightSpring Health Services from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Mizuho set a $26.00 target price on shares of BrightSpring Health Services in a research report on Monday, May 5th. Finally, Morgan Stanley raised their price objective on BrightSpring Health Services from $20.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, May 9th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.56.

BrightSpring Health Services Trading Up 1.4%

BTSG stock traded up $0.31 during midday trading on Friday, hitting $23.23. 1,101,221 shares of the company's stock were exchanged, compared to its average volume of 1,431,291. BrightSpring Health Services, Inc. has a 1-year low of $10.15 and a 1-year high of $24.82. 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 capitalization of $4.05 billion, a PE ratio of -89.35 and a beta of 2.06. The business has a 50-day simple moving average of $19.20 and a two-hundred day simple moving average of $19.22.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last issued its quarterly earnings data 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. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period last year, the company earned $0.12 EPS. The company's quarterly revenue was up 25.9% on a year-over-year basis. On average, sell-side analysts predict that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal 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.