T. Rowe Price Investment Management Inc. Acquires Shares of 1,582,967 BrightSpring Health Services, Inc. (NASDAQ:BTSG)

T. Rowe Price Investment Management Inc. bought a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,582,967 shares of the company's stock, valued at approximately $26,958,000. T. Rowe Price Investment Management Inc. owned approximately 0.91% of BrightSpring Health Services at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its stake in BrightSpring Health Services by 13.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,698,629 shares of the company's stock valued at $45,959,000 after acquiring an additional 328,977 shares during the period. MetLife Investment Management LLC grew its holdings in BrightSpring Health Services by 4.9% during the 4th quarter. MetLife Investment Management LLC now owns 33,117 shares of the company's stock valued at $564,000 after buying an additional 1,548 shares in the last quarter. First Trust Advisors LP bought a new stake in BrightSpring Health Services during the 4th quarter worth approximately $987,000. Alpha DNA Investment Management LLC bought a new stake in BrightSpring Health Services during the fourth quarter valued at $408,000. Finally, Jump Financial LLC increased its position in shares of BrightSpring Health Services by 126.8% in the fourth quarter. Jump Financial LLC now owns 55,424 shares of the company's stock worth $944,000 after purchasing an additional 30,984 shares during the last quarter.

BrightSpring Health Services Stock Up 14.2 %

BrightSpring Health Services stock traded up $2.55 during midday trading on Friday, reaching $20.45. The company's stock had a trading volume of 1,905,290 shares, compared to its average volume of 1,296,375. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 0.97. BrightSpring Health Services, Inc. has a 52-week low of $10.15 and a 52-week high of $24.82. The stock has a market capitalization of $3.58 billion, a P/E ratio of -78.63 and a beta of 2.02. The stock's 50-day simple moving average is $17.60 and its 200-day simple moving average is $18.45.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.19 earnings per share 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 business's revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share. On average, sell-side analysts expect that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, UBS Group upped their price target on shares of 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 investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.67.

BrightSpring Health Services 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.