Wells Fargo & Company MN Grows Position in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Wells Fargo & Company MN increased its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 38.7% in the fourth quarter, according to the company in its most recent 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 quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in shares of BrightSpring Health Services in the third quarter valued at approximately $522,000. JPMorgan Chase & Co. lifted its holdings in shares of BrightSpring Health Services by 275.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 163,618 shares of the company's stock worth $2,402,000 after buying an additional 120,005 shares during the period. Legato Capital Management LLC grew its position in shares of BrightSpring Health Services by 40.0% during the 4th quarter. Legato Capital Management LLC now owns 66,910 shares of the company's stock worth $1,139,000 after buying an additional 19,120 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of BrightSpring Health Services by 50.9% during the fourth quarter. SG Americas Securities LLC now owns 37,000 shares of the company's stock valued at $630,000 after buying an additional 12,486 shares during the period. Finally, Barclays PLC raised its holdings in shares of BrightSpring Health Services by 22.2% in the third quarter. Barclays PLC now owns 393,725 shares of the company's stock valued at $5,780,000 after acquiring an additional 71,633 shares in the last quarter.

BrightSpring Health Services Stock Up 16.6 %

Shares of BrightSpring Health Services stock traded up $2.97 on Friday, reaching $20.87. The stock had a trading volume of 4,015,296 shares, compared to its average volume of 1,304,248. BrightSpring Health Services, Inc. has a 1 year low of $10.15 and a 1 year high of $24.82. The company has a 50 day moving average price of $17.62 and a 200 day moving average price of $18.48. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $3.65 billion, a P/E ratio of -80.27 and a beta of 2.02.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.10. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The business's revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. As a group, equities research analysts forecast that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Wall Street Analyst Weigh In

Separately, UBS Group raised their target price 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 data from MarketBeat, BrightSpring Health Services currently has an average rating of "Moderate Buy" and a consensus target price of $21.67.

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.