XTX Topco Ltd Invests $395,000 in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

XTX Topco Ltd purchased a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,214 shares of the company's stock, valued at approximately $395,000.

Several other hedge funds have also made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of BrightSpring Health Services during the fourth quarter worth about $18,257,000. Renaissance Technologies LLC lifted its position in shares of BrightSpring Health Services by 205.6% during the fourth quarter. Renaissance Technologies LLC now owns 557,700 shares of the company's stock worth $9,498,000 after purchasing an additional 375,200 shares in the last quarter. Legal & General Group Plc increased its stake in shares of BrightSpring Health Services by 4.8% during the fourth quarter. Legal & General Group Plc now owns 64,631 shares of the company's stock worth $1,101,000 after buying an additional 2,945 shares during the period. Invesco Ltd. increased its stake in shares of BrightSpring Health Services by 1.0% during the fourth quarter. Invesco Ltd. now owns 4,378,562 shares of the company's stock worth $74,567,000 after buying an additional 41,991 shares during the period. Finally, FMR LLC increased its stake in shares of BrightSpring Health Services by 21.6% during the fourth quarter. FMR LLC now owns 22,102,490 shares of the company's stock worth $376,405,000 after buying an additional 3,933,303 shares during the period.

Analyst Upgrades and Downgrades

Separately, UBS Group upped 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. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.67.

BrightSpring Health Services Stock Up 2.3 %

BrightSpring Health Services stock traded up $0.39 during mid-day trading on Monday, hitting $17.31. The company had a trading volume of 745,457 shares, compared to its average volume of 1,286,673. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of -66.58 and a beta of 2.02. BrightSpring Health Services, Inc. has a 1 year low of $10.15 and a 1 year high of $24.82. 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 business has a fifty day moving average of $17.72 and a 200 day moving average of $18.44.

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.