11,046 Shares in BrightSpring Health Services, Inc. (NASDAQ:BTSG) Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. acquired a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 11,046 shares of the company’s stock, valued at approximately $188,000.

A number of other large investors have also recently made changes to their positions in BTSG. R Squared Ltd purchased a new stake in BrightSpring Health Services in the fourth quarter worth $74,000. KLP Kapitalforvaltning AS bought a new position in BrightSpring Health Services in the 4th quarter worth $206,000. Teacher Retirement System of Texas bought a new stake in shares of BrightSpring Health Services during the 4th quarter valued at about $234,000. Intech Investment Management LLC increased its position in shares of BrightSpring Health Services by 93.8% during the fourth quarter. Intech Investment Management LLC now owns 20,937 shares of the company’s stock valued at $357,000 after buying an additional 10,135 shares during the period. Finally, SG Americas Securities LLC raised its stake in BrightSpring Health Services by 50.9% in the fourth quarter. SG Americas Securities LLC now owns 37,000 shares of the company’s stock worth $630,000 after buying an additional 12,486 shares in the last quarter.

BrightSpring Health Services Trading Down 2.3 %

NASDAQ BTSG opened at $22.52 on Friday. The stock’s fifty day moving average price is $17.87 and its 200-day moving average price is $18.65. 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 stock has a market cap of $3.94 billion, a P/E ratio of -86.60 and a beta of 2.06. BrightSpring Health Services, Inc. has a 12 month low of $10.15 and a 12 month high of $24.82.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the business earned $0.12 EPS. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. As a group, equities analysts forecast that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BTSG. Mizuho set a $26.00 target price on BrightSpring Health Services in a research note on Monday. UBS Group boosted their target price on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.33.

BrightSpring Health Services Company 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.