Allianz Asset Management GmbH Purchases 36,729 Shares of BrightSpring Health Services, Inc. $BTSG

Allianz Asset Management GmbH lifted its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 28.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 164,026 shares of the company’s stock after acquiring an additional 36,729 shares during the period. Allianz Asset Management GmbH owned approximately 0.09% of BrightSpring Health Services worth $4,849,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. State of Wyoming boosted its holdings in BrightSpring Health Services by 20.8% in the 3rd quarter. State of Wyoming now owns 20,989 shares of the company’s stock valued at $620,000 after purchasing an additional 3,621 shares during the period. Lisanti Capital Growth LLC acquired a new stake in shares of BrightSpring Health Services in the third quarter valued at approximately $1,959,000. Arizona State Retirement System boosted its stake in shares of BrightSpring Health Services by 40.6% in the third quarter. Arizona State Retirement System now owns 28,708 shares of the company’s stock valued at $849,000 after buying an additional 8,286 shares during the period. New York State Common Retirement Fund grew its position in BrightSpring Health Services by 13.8% during the third quarter. New York State Common Retirement Fund now owns 30,455 shares of the company’s stock worth $900,000 after buying an additional 3,700 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in BrightSpring Health Services by 44.8% during the 3rd quarter. Federated Hermes Inc. now owns 319,200 shares of the company’s stock worth $9,436,000 after acquiring an additional 98,745 shares during the period.

BrightSpring Health Services Stock Down 1.1%

Shares of BTSG opened at $39.34 on Wednesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.38 and a current ratio of 1.79. BrightSpring Health Services, Inc. has a 52 week low of $15.48 and a 52 week high of $41.26. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of 64.49, a PEG ratio of 0.53 and a beta of 2.36. The stock has a fifty day moving average of $38.05 and a 200-day moving average of $31.63.

Analyst Ratings Changes

BTSG has been the subject of several recent analyst reports. Jefferies Financial Group set a $36.00 price objective on shares of BrightSpring Health Services and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Stephens started coverage on shares of BrightSpring Health Services in a research report on Wednesday, December 10th. They issued an “overweight” rating and a $44.00 target price for the company. Wall Street Zen downgraded shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Mizuho set a $45.00 target price on BrightSpring Health Services in a report on Friday, January 9th. Finally, CJS Securities upgraded BrightSpring Health Services to a “strong-buy” rating in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $41.33.

About BrightSpring Health Services

BrightSpring Health Services (NASDAQ: BTSG) is a leading provider of home and community-based care and workforce solutions aimed at seniors, individuals with disabilities and those facing behavioral health challenges. The company’s operations encompass a broad spectrum of services, including personal care, skilled nursing, therapy, habilitation and supported living, as well as specialized behavioral health programs delivered through both clinical and non-clinical channels.

Through its network of subsidiary brands, BrightSpring offers integrated care in the patient’s home environment, fostering independence and improving quality of life.