Two Sigma Advisers LP Acquires 15,300 Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Two Sigma Advisers LP boosted its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,100 shares of the company's stock after acquiring an additional 15,300 shares during the quarter. Two Sigma Advisers LP owned 0.08% of BrightSpring Health Services worth $2,437,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its stake in BrightSpring Health Services by 21.6% in the fourth quarter. FMR LLC now owns 22,102,490 shares of the company's stock valued at $376,405,000 after acquiring an additional 3,933,303 shares during the last quarter. Vanguard Group Inc. increased its stake in BrightSpring Health Services by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 5,325,093 shares of the company's stock valued at $90,686,000 after acquiring an additional 268,132 shares during the last quarter. Invesco Ltd. boosted its position in BrightSpring Health Services by 1.0% during the fourth quarter. Invesco Ltd. now owns 4,378,562 shares of the company's stock valued at $74,567,000 after buying an additional 41,991 shares during the period. Price T Rowe Associates Inc. MD boosted its position in BrightSpring Health Services by 13.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,698,629 shares of the company's stock valued at $45,959,000 after buying an additional 328,977 shares during the period. Finally, Sea Cliff Partners Management LP boosted its position in BrightSpring Health Services by 49.1% during the fourth quarter. Sea Cliff Partners Management LP now owns 1,735,150 shares of the company's stock valued at $29,550,000 after buying an additional 571,437 shares during the period.

BrightSpring Health Services Stock Up 1.9%

BTSG traded up $0.44 on Friday, hitting $23.84. The company had a trading volume of 2,913,840 shares, compared to its average volume of 1,447,179. 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, Inc. has a 52-week low of $10.15 and a 52-week high of $24.82. The stock has a fifty day simple moving average of $19.71 and a 200-day simple moving average of $19.36. The firm has a market capitalization of $4.15 billion, a P/E ratio of -91.69 and a beta of 2.06.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.19 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the business posted $0.12 earnings per share. BrightSpring Health Services's quarterly 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 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on BTSG. Mizuho set a $26.00 price target on shares of BrightSpring Health Services in a research report on Monday, May 5th. 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 research report on Friday, May 9th. Finally, Wells Fargo & Company upped their price target on shares of BrightSpring Health Services from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average 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.