Numerai GP LLC Acquires New Position in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Numerai GP LLC acquired a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,815 shares of the company's stock, valued at approximately $252,000.

Other large investors have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of BrightSpring Health Services by 21.6% in the 4th quarter. FMR LLC now owns 22,102,490 shares of the company's stock valued at $376,405,000 after buying an additional 3,933,303 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in BrightSpring Health Services in the fourth quarter valued at approximately $26,958,000. Norges Bank purchased a new position in BrightSpring Health Services in the fourth quarter worth $26,065,000. Raymond James Financial Inc. acquired a new position in shares of BrightSpring Health Services during the fourth quarter worth $18,257,000. Finally, Integral Health Asset Management LLC increased its position in shares of BrightSpring Health Services by 90.0% during the fourth quarter. Integral Health Asset Management LLC now owns 950,000 shares of the company's stock worth $16,178,000 after purchasing an additional 450,000 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BTSG shares. UBS Group raised their price target on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Morgan Stanley raised their target price on BrightSpring Health Services from $20.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Mizuho set a $26.00 price target on BrightSpring Health Services in a research note on Monday, May 5th. Finally, Wells Fargo & Company raised their price objective on BrightSpring Health Services from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $23.56.

BrightSpring Health Services Stock Up 0.7%

NASDAQ:BTSG traded up $0.17 during midday trading on Wednesday, reaching $23.99. The company had a trading volume of 413,692 shares, compared to its average volume of 1,412,100. The stock's fifty day simple moving average is $18.86 and its 200-day simple moving average is $19.10. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. BrightSpring Health Services, Inc. has a 12-month low of $10.15 and a 12-month high of $24.82. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of -92.44 and a beta of 2.06.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the business earned $0.12 EPS. The company's revenue was up 25.9% on a year-over-year basis. On average, sell-side analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal 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.