BrightSpring Health Services, Inc. (NASDAQ:BTSG) Shares Sold by Woodline Partners LP

Woodline Partners LP reduced its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 85.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 246,595 shares of the company's stock after selling 1,439,055 shares during the quarter. Woodline Partners LP owned about 0.14% of BrightSpring Health Services worth $4,200,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Quarry LP purchased a new position in shares of BrightSpring Health Services in the 4th quarter worth $29,000. R Squared Ltd purchased a new position in BrightSpring Health Services in the fourth quarter valued at about $74,000. Envestnet Asset Management Inc. purchased a new position in BrightSpring Health Services in the fourth quarter valued at about $188,000. KLP Kapitalforvaltning AS purchased a new position in BrightSpring Health Services in the fourth quarter valued at about $206,000. Finally, Teacher Retirement System of Texas purchased a new position in BrightSpring Health Services in the fourth quarter valued at about $234,000.

Wall Street Analyst Weigh In

Several research firms have commented on BTSG. Mizuho set a $26.00 price objective on BrightSpring Health Services in a research report on Monday, May 5th. Morgan Stanley raised their price objective on 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 raised their price objective on 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 given a buy rating to the company. According to MarketBeat, BrightSpring Health Services currently has a consensus rating of "Moderate Buy" and an average target price of $23.56.

BrightSpring Health Services Stock Up 0.9%

Shares of NASDAQ BTSG traded up $0.20 during midday trading on Friday, reaching $23.60. 426,255 shares of the company's stock were exchanged, compared to its average volume of 1,434,928. BrightSpring Health Services, Inc. has a 52-week low of $10.15 and a 52-week high of $24.82. The stock has a market capitalization of $4.11 billion, a PE ratio of -90.83 and a beta of 2.06. 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 business's fifty day moving average price is $19.60 and its two-hundred day moving average price is $19.33.

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, topping analysts' consensus estimates of $0.09 by $0.10. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. 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 previous year, the company earned $0.12 earnings per share. The company's revenue for the quarter was up 25.9% compared to the same quarter last year. Analysts forecast that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

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.