BrightSpring Health Services, Inc. (NASDAQ:BTSG) Short Interest Up 25.4% in May

BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 10,820,000 shares, a growth of 25.4% from the April 30th total of 8,630,000 shares. Currently, 13.8% of the shares of the company are short sold. Based on an average daily trading volume, of 1,800,000 shares, the days-to-cover ratio is presently 6.0 days.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BTSG. 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. Mizuho set a $26.00 target price on BrightSpring Health Services in a research report on Monday, May 5th. Finally, Wells Fargo & Company raised their price target on BrightSpring Health Services from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.56.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its position in BrightSpring Health Services by 6.8% during the first quarter. Teacher Retirement System of Texas now owns 14,650 shares of the company's stock worth $265,000 after buying an additional 932 shares during the period. Swiss National Bank increased its stake in shares of BrightSpring Health Services by 0.9% during the 1st quarter. Swiss National Bank now owns 118,100 shares of the company's stock valued at $2,136,000 after acquiring an additional 1,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 worth $522,000 after acquiring an additional 1,032 shares during the period. Rhumbline Advisers boosted its position in shares of BrightSpring Health Services by 1.5% in the fourth quarter. Rhumbline Advisers now owns 73,583 shares of the company's stock worth $1,253,000 after acquiring an additional 1,118 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in BrightSpring Health Services by 4.9% in the fourth quarter. MetLife Investment Management LLC now owns 33,117 shares of the company's stock valued at $564,000 after purchasing an additional 1,548 shares during the period.

BrightSpring Health Services Price Performance

Shares of BTSG stock traded down $0.07 during mid-day trading on Wednesday, reaching $23.58. The stock had a trading volume of 2,342,469 shares, compared to its average volume of 1,458,809. BrightSpring Health Services has a 12-month low of $10.15 and a 12-month 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 business has a 50-day simple moving average of $19.92 and a 200 day simple moving average of $19.42. The company has a market cap of $4.11 billion, a P/E ratio of -90.69 and a beta of 2.06.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The company's revenue for the quarter was up 25.9% compared to the same quarter last year. On average, sell-side analysts anticipate that BrightSpring Health Services 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.