BrightSpring Health Services, Inc. (NASDAQ:BTSG) Position Increased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,698,629 shares of the company's stock after acquiring an additional 328,977 shares during the quarter. Price T Rowe Associates Inc. MD owned 1.55% of BrightSpring Health Services worth $45,959,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new stake in BrightSpring Health Services during the 4th quarter valued at $74,000. Envestnet Asset Management Inc. purchased a new stake in BrightSpring Health Services in the 4th quarter worth approximately $188,000. KLP Kapitalforvaltning AS acquired a new position in BrightSpring Health Services in the fourth quarter valued at $206,000. Teacher Retirement System of Texas acquired a new stake in BrightSpring Health Services in the 4th quarter worth about $234,000. Finally, Intech Investment Management LLC increased its stake in shares of BrightSpring Health Services by 93.8% during the 4th quarter. Intech Investment Management LLC now owns 20,937 shares of the company's stock valued at $357,000 after acquiring an additional 10,135 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Mizuho set a $26.00 price target on shares of BrightSpring Health Services in a report on Monday. UBS Group lifted their price objective 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 equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $22.33.

BrightSpring Health Services Stock Up 1.1 %

Shares of BTSG stock traded up $0.23 during mid-day trading on Monday, reaching $21.10. 810,529 shares of the company were exchanged, compared to its average volume of 1,498,481. The business's 50 day simple moving average is $17.62 and its 200 day simple moving average is $18.52. The company has a market capitalization of $3.69 billion, a P/E ratio of -81.14 and a beta of 2.02. 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.

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 (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.10. The firm had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.74 billion. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The firm's revenue for the quarter was up 25.9% on a year-over-year basis. During the same period last year, the business posted $0.12 earnings per share. Research analysts predict that BrightSpring Health Services, Inc. will post 0.59 earnings per share 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.