Russell Investments Group Ltd. Decreases Holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Russell Investments Group Ltd. reduced its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 10.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 185,379 shares of the company's stock after selling 22,178 shares during the period. Russell Investments Group Ltd. owned approximately 0.11% of BrightSpring Health Services worth $3,157,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BTSG. Norges Bank bought a new position in shares of BrightSpring Health Services during the fourth quarter worth $26,065,000. Raymond James Financial Inc. bought a new position in BrightSpring Health Services during the fourth quarter worth about $18,257,000. Vanguard Group Inc. grew its stake in BrightSpring Health Services by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 5,325,093 shares of the company's stock valued at $90,686,000 after acquiring an additional 268,132 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of BrightSpring Health Services by 275.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 163,618 shares of the company's stock valued at $2,402,000 after purchasing an additional 120,005 shares in the last quarter. Finally, State Street Corp boosted its stake in BrightSpring Health Services by 7.4% in the 3rd quarter. State Street Corp now owns 1,239,628 shares of the company's stock worth $18,198,000 after purchasing an additional 85,464 shares during the period.

BrightSpring Health Services Stock Up 3.0 %

BTSG traded up $0.47 during mid-day trading on Tuesday, reaching $16.09. 1,161,046 shares of the stock were exchanged, compared to its average volume of 1,280,543. BrightSpring Health Services, Inc. has a 1 year low of $10.15 and a 1 year 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 stock has a market capitalization of $2.82 billion, a PE ratio of -61.88 and a beta of 2.02. The company has a 50 day moving average price of $18.13 and a two-hundred day moving average price of $18.37.

Wall Street Analysts Forecast Growth

Separately, UBS Group lifted 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. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.67.

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.