Integral Health Asset Management LLC Raises Stock Holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Integral Health Asset Management LLC grew its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 90.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 950,000 shares of the company's stock after buying an additional 450,000 shares during the quarter. BrightSpring Health Services makes up 1.4% of Integral Health Asset Management LLC's portfolio, making the stock its 26th biggest holding. Integral Health Asset Management LLC owned 0.55% of BrightSpring Health Services worth $16,178,000 as of its most recent filing with the Securities & Exchange Commission.

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

BrightSpring Health Services Trading Up 1.7%

Shares of NASDAQ:BTSG traded up $0.41 during trading on Friday, hitting $24.43. The company had a trading volume of 1,807,253 shares, compared to its average volume of 1,413,543. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of -93.96 and a beta of 2.06. BrightSpring Health Services, Inc. has a one year low of $10.15 and a one year high of $24.82. The company has a fifty day simple moving average of $18.59 and a two-hundred day simple moving average of $19.00. 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 (NASDAQ:BTSG - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the company earned $0.12 EPS. The company's revenue for the quarter was up 25.9% on a year-over-year basis. As a group, equities analysts forecast that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BTSG. Mizuho set a $26.00 price target on BrightSpring Health Services in a research note on Monday, May 5th. Wells Fargo & Company increased their price target on BrightSpring Health Services from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Tuesday. Morgan Stanley increased their price target on 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, UBS Group increased their price target on BrightSpring Health Services from $22.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.56.

BrightSpring Health Services 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.