Sea Cliff Partners Management LP boosted its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 49.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,735,150 shares of the company's stock after acquiring an additional 571,437 shares during the period. BrightSpring Health Services accounts for about 10.3% of Sea Cliff Partners Management LP's holdings, making the stock its biggest position. Sea Cliff Partners Management LP owned about 1.00% of BrightSpring Health Services worth $29,550,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of BTSG. ProShare Advisors LLC lifted its holdings in shares of BrightSpring Health Services by 48.9% in the 4th quarter. ProShare Advisors LLC now owns 15,165 shares of the company's stock worth $258,000 after acquiring an additional 4,980 shares during the last quarter. Numerai GP LLC purchased a new position in shares of BrightSpring Health Services in the 4th quarter worth about $252,000. Occudo Quantitative Strategies LP grew its position in BrightSpring Health Services by 169.0% during the 4th quarter. Occudo Quantitative Strategies LP now owns 53,904 shares of the company's stock valued at $918,000 after purchasing an additional 33,863 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of BrightSpring Health Services by 31.6% during the 4th quarter. Millennium Management LLC now owns 575,918 shares of the company's stock valued at $9,808,000 after acquiring an additional 138,352 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of BrightSpring Health Services by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,649 shares of the company's stock valued at $522,000 after purchasing an additional 1,032 shares during the period.
BrightSpring Health Services Trading Down 1.2%
BTSG traded down $0.29 on Tuesday, hitting $23.82. The company had a trading volume of 1,461,700 shares, compared to its average volume of 1,415,955. The company's fifty day moving average price is $18.86 and its 200 day moving average price is $19.10. BrightSpring Health Services, Inc. has a 1 year low of $10.15 and a 1 year high of $24.82. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. The firm has a market cap of $4.15 billion, a P/E ratio of -91.62 and a beta of 2.06.
BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.10. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.74 billion. BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The business's quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 earnings per share. As a group, equities analysts expect that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages have weighed in on BTSG. Mizuho set a $26.00 price target on shares of BrightSpring Health Services in a report on Monday, May 5th. Wells Fargo & Company raised their price target on shares of BrightSpring Health Services from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. UBS Group lifted their target price on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley lifted their target price on shares of BrightSpring Health Services from $20.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, May 9th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, BrightSpring Health Services currently has an average rating of "Moderate Buy" and a consensus price target of $23.56.
Read Our Latest Report on BrightSpring Health Services
BrightSpring Health Services Profile
(
Free Report)
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.
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