BrightSpring Health Services, Inc. (NASDAQ:BTSG) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 38.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,155 shares of the company's stock after purchasing an additional 17,617 shares during the period. Wells Fargo & Company MN's holdings in BrightSpring Health Services were worth $1,076,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BTSG. R Squared Ltd purchased a new position in BrightSpring Health Services in the 4th quarter valued at approximately $74,000. KLP Kapitalforvaltning AS purchased a new stake in shares of BrightSpring Health Services in the 4th quarter worth about $206,000. Teacher Retirement System of Texas acquired a new stake in BrightSpring Health Services in the 4th quarter valued at about $234,000. Intech Investment Management LLC increased its holdings in 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 in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of BrightSpring Health Services in the third quarter valued at about $522,000.

BrightSpring Health Services Stock Up 2.6 %

NASDAQ:BTSG traded up $0.55 during mid-day trading on Monday, reaching $21.42. The stock had a trading volume of 232,731 shares, compared to its average volume of 1,493,073. 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 current ratio of 1.35 and a quick ratio of 0.97. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of -82.71 and a beta of 2.02. The stock's 50 day simple moving average is $17.62 and its two-hundred day simple moving average is $18.52.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last issued 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. 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 analysts' expectations of $2.74 billion. During the same period in the prior year, the company earned $0.12 earnings per share. The firm's revenue was up 25.9% compared to the same quarter last year. Equities analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BTSG shares. Mizuho set a $26.00 target price on BrightSpring Health Services in a research note on Monday. UBS Group increased 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 analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $22.33.

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.