Deutsche Bank AG Increases Stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Deutsche Bank AG boosted its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 80.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,713 shares of the company's stock after acquiring an additional 25,810 shares during the quarter. Deutsche Bank AG's holdings in BrightSpring Health Services were worth $983,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP bought a new position in BrightSpring Health Services during the 4th quarter valued at about $29,000. R Squared Ltd acquired a new position in BrightSpring Health Services during the 4th quarter valued at about $74,000. Envestnet Asset Management Inc. acquired a new position in BrightSpring Health Services during the 4th quarter valued at about $188,000. KLP Kapitalforvaltning AS acquired a new position in BrightSpring Health Services during the 4th quarter valued at about $206,000. Finally, Teacher Retirement System of Texas acquired a new position in BrightSpring Health Services during the 4th quarter valued at about $234,000.

Wall Street Analysts Forecast Growth

BTSG has been the topic of several recent analyst reports. Mizuho set a $26.00 price objective on shares of BrightSpring Health Services in a research note on Monday, May 5th. Morgan Stanley raised their target price on shares of BrightSpring Health Services from $20.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company raised their price target 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. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $23.56.

BrightSpring Health Services Stock Performance

BTSG stock traded up $0.44 during midday trading on Friday, reaching $23.84. 2,913,840 shares of the company were exchanged, compared to its average volume of 1,445,574. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 0.97. The business has a 50-day moving average price of $19.71 and a two-hundred day moving average price of $19.36. BrightSpring Health Services, Inc. has a one year low of $10.15 and a one year high of $24.82. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of -91.69 and a beta of 2.06.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last announced its earnings results 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 during the quarter, compared to analysts' expectations of $2.74 billion. During the same quarter in the previous year, the business posted $0.12 earnings per share. BrightSpring Health Services's quarterly revenue was up 25.9% on a year-over-year basis. Equities research analysts forecast that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

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.