BrightSpring Health Services, Inc. (NASDAQ:BTSG) Stock Holdings Boosted by Millennium Management LLC

Millennium Management LLC lifted its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 31.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 575,918 shares of the company's stock after purchasing an additional 138,352 shares during the period. Millennium Management LLC owned about 0.33% of BrightSpring Health Services worth $9,808,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BTSG. Barclays PLC lifted its position in shares of BrightSpring Health Services by 22.2% during the third quarter. Barclays PLC now owns 393,725 shares of the company's stock worth $5,780,000 after purchasing an additional 71,633 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of BrightSpring Health Services by 50.9% during the fourth quarter. SG Americas Securities LLC now owns 37,000 shares of the company's stock worth $630,000 after purchasing an additional 12,486 shares in the last quarter. R Squared Ltd acquired a new position in shares of BrightSpring Health Services during the fourth quarter worth $74,000. Legato Capital Management LLC lifted its position in shares of BrightSpring Health Services by 40.0% during the fourth quarter. Legato Capital Management LLC now owns 66,910 shares of the company's stock worth $1,139,000 after purchasing an additional 19,120 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of BrightSpring Health Services by 1.5% during the fourth quarter. Rhumbline Advisers now owns 73,583 shares of the company's stock worth $1,253,000 after purchasing an additional 1,118 shares in the last quarter.

BrightSpring Health Services Stock Performance

BTSG stock traded up $0.59 during trading on Thursday, hitting $23.79. 814,036 shares of the company's stock traded hands, compared to its average volume of 1,714,069. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.63. BrightSpring Health Services, Inc. has a 52 week low of $10.15 and a 52 week high of $24.82. The stock has a fifty day moving average price of $19.51 and a two-hundred day moving average price of $19.31. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of -91.51 and a beta of 2.06.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The firm's revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, equities analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on BTSG. Wells Fargo & Company boosted 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 report on Tuesday, May 13th. UBS Group upped their price target 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. Mizuho set a $26.00 price target on shares of BrightSpring Health Services in a report on Monday, May 5th. Finally, Morgan Stanley upped their price target 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. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.