Jefferies Financial Group Inc. Invests $390,000 in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Jefferies Financial Group Inc. bought a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 22,925 shares of the company's stock, valued at approximately $390,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BTSG. Quarry LP acquired a new position in shares of BrightSpring Health Services during the fourth quarter valued at about $29,000. R Squared Ltd purchased a new position in shares of BrightSpring Health Services in the fourth quarter worth $74,000. Envestnet Asset Management Inc. acquired a new stake in shares of BrightSpring Health Services during the fourth quarter worth $188,000. KLP Kapitalforvaltning AS purchased a new stake in shares of BrightSpring Health Services during the fourth quarter valued at $206,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of BrightSpring Health Services in the 4th quarter valued at $234,000.

Analyst Ratings Changes

Several research firms have weighed in on BTSG. Morgan Stanley boosted 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. UBS Group upped their target price on BrightSpring Health Services from $22.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised their price target on shares of BrightSpring Health Services from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Finally, Mizuho set a $26.00 price objective on shares of BrightSpring Health Services in a report on Monday, May 5th. One equities research 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.56.

BrightSpring Health Services Stock Performance

Shares of BTSG traded down $0.29 during trading hours on Tuesday, hitting $23.82. The stock had a trading volume of 1,461,700 shares, compared to its average volume of 1,414,444. BrightSpring Health Services, Inc. has a fifty-two week low of $10.15 and a fifty-two week high of $24.82. 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 firm has a 50-day moving average price of $18.72 and a 200 day moving average price of $19.07. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of -91.62 and a beta of 2.06.

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 (EPS) 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 positive return on equity of 4.16% and a negative net margin of 0.38%. BrightSpring Health Services's revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 earnings per share. As a group, research analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

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.