Two Sigma Investments LP Reduces Position in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Two Sigma Investments LP reduced its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 317,370 shares of the company's stock after selling 29,148 shares during the period. Two Sigma Investments LP owned about 0.18% of BrightSpring Health Services worth $5,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its position in BrightSpring Health Services by 21.6% during the 4th quarter. FMR LLC now owns 22,102,490 shares of the company's stock worth $376,405,000 after buying an additional 3,933,303 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in BrightSpring Health Services during the 4th quarter worth approximately $26,958,000. Norges Bank acquired a new stake in BrightSpring Health Services during the 4th quarter worth approximately $26,065,000. Raymond James Financial Inc. acquired a new stake in BrightSpring Health Services during the 4th quarter worth approximately $18,257,000. Finally, Sea Cliff Partners Management LP boosted its position in BrightSpring Health Services by 49.1% during the 4th quarter. Sea Cliff Partners Management LP now owns 1,735,150 shares of the company's stock worth $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 during mid-day trading on Friday, reaching $23.84. 2,913,840 shares of the stock were exchanged, compared to its average volume of 1,445,574. The company has a 50 day moving average price of $19.71 and a two-hundred day moving average price of $19.36. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. The stock has a market capitalization of $4.15 billion, a PE ratio of -91.69 and a beta of 2.06. BrightSpring Health Services, Inc. has a 1 year low of $10.15 and a 1 year high of $24.82.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.10. The company had revenue of $2.88 billion for 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%. The firm's quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 EPS. As a group, research analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Wall Street Analyst Weigh In

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