Voloridge Investment Management LLC Buys 345,693 Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Voloridge Investment Management LLC increased its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 202.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 516,520 shares of the company's stock after purchasing an additional 345,693 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.30% of BrightSpring Health Services worth $8,796,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Two Sigma Advisers LP raised its stake in shares of BrightSpring Health Services by 12.0% during the fourth quarter. Two Sigma Advisers LP now owns 143,100 shares of the company's stock valued at $2,437,000 after acquiring an additional 15,300 shares during the last quarter. Sea Cliff Partners Management LP raised its position in BrightSpring Health Services by 49.1% in the fourth quarter. Sea Cliff Partners Management LP now owns 1,735,150 shares of the company's stock worth $29,550,000 after acquiring an additional 571,437 shares during the period. ProShare Advisors LLC raised its position in shares of BrightSpring Health Services by 48.9% during the 4th quarter. ProShare Advisors LLC now owns 15,165 shares of the company's stock valued at $258,000 after purchasing an additional 4,980 shares during the period. Numerai GP LLC bought a new stake in BrightSpring Health Services in the 4th quarter valued at $252,000. Finally, Occudo Quantitative Strategies LP increased its holdings in BrightSpring Health Services by 169.0% in the 4th quarter. Occudo Quantitative Strategies LP now owns 53,904 shares of the company's stock valued at $918,000 after acquiring an additional 33,863 shares during the last quarter.

BrightSpring Health Services Trading Up 0.2%

Shares of NASDAQ BTSG traded up $0.06 during midday trading on Friday, reaching $23.46. 458,078 shares of the stock were exchanged, compared to its average volume of 1,435,092. The business has a 50-day simple moving average of $19.60 and a two-hundred day simple moving average of $19.33. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of -90.68 and a beta of 2.06. BrightSpring Health Services, Inc. has a 12 month low of $10.15 and a 12 month high of $24.82. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 0.97.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last announced its earnings results on Friday, May 2nd. The company reported $0.19 EPS for the quarter, topping the consensus estimate 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 negative net margin of 0.38% and a positive return on equity of 4.16%. BrightSpring Health Services's revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. As a group, equities research analysts expect that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BTSG shares. Wells Fargo & Company lifted their price objective on shares of BrightSpring Health Services from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Morgan Stanley upped their price objective on shares of BrightSpring Health Services from $20.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Mizuho set a $26.00 price objective on shares of BrightSpring Health Services in a report on Monday, May 5th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, BrightSpring Health Services has a consensus rating of "Moderate Buy" and an average price target of $23.56.

About BrightSpring Health Services

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.