Deutsche Bank AG Has $983,000 Stock Holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Deutsche Bank AG increased its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 80.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,713 shares of the company's stock after purchasing an additional 25,810 shares during the period. Deutsche Bank AG's holdings in BrightSpring Health Services were worth $983,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Legato Capital Management LLC boosted its holdings in BrightSpring Health Services by 40.0% in 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. SG Americas Securities LLC boosted its holdings in BrightSpring Health Services by 50.9% in 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. Barclays PLC lifted its position in BrightSpring Health Services by 22.2% during the 3rd quarter. Barclays PLC now owns 393,725 shares of the company's stock worth $5,780,000 after acquiring an additional 71,633 shares during the last quarter. Raymond James Financial Inc. acquired a new position in BrightSpring Health Services during the 4th quarter worth $18,257,000. Finally, Norges Bank acquired a new position in BrightSpring Health Services during the 4th quarter worth $26,065,000.

BrightSpring Health Services Price Performance

Shares of BTSG traded down $0.18 during mid-day trading on Wednesday, hitting $23.20. 1,125,396 shares of the company traded hands, compared to its average volume of 1,433,024. The business has a 50-day moving average of $19.51 and a 200 day moving average of $19.31. BrightSpring Health Services, Inc. has a one year low of $10.15 and a one year high of $24.82. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of -89.23 and a beta of 2.06. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period in the prior year, the business posted $0.12 earnings per share. BrightSpring Health Services's revenue was up 25.9% compared to the same quarter last year. As a group, equities analysts expect that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

BrightSpring Health Services Company 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.