BrightSpring Health Services, Inc. (NASDAQ:BTSG) Short Interest Update

BrightSpring Health Services, Inc. (NASDAQ:BTSG) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totaling 7,863,073 shares, a decrease of 15.4% from the December 31st total of 9,293,617 shares. Based on an average daily trading volume, of 1,817,357 shares, the days-to-cover ratio is presently 4.3 days. Approximately 4.5% of the company’s shares are short sold. Approximately 4.5% of the company’s shares are short sold. Based on an average daily trading volume, of 1,817,357 shares, the days-to-cover ratio is presently 4.3 days.

BrightSpring Health Services Stock Down 1.4%

BrightSpring Health Services stock opened at $39.27 on Monday. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 64.38, a PEG ratio of 0.53 and a beta of 2.36. The company’s 50 day simple moving average is $37.61 and its 200 day simple moving average is $30.70. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.79 and a quick ratio of 1.38. BrightSpring Health Services has a fifty-two week low of $15.48 and a fifty-two week high of $41.03.

Institutional Trading of BrightSpring Health Services

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in BrightSpring Health Services by 30.5% in the fourth quarter. Vanguard Group Inc. now owns 12,533,656 shares of the company’s stock valued at $469,385,000 after acquiring an additional 2,928,953 shares during the period. Invesco Ltd. lifted its holdings in shares of BrightSpring Health Services by 2.5% during the 3rd quarter. Invesco Ltd. now owns 9,347,125 shares of the company’s stock valued at $276,301,000 after purchasing an additional 227,717 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of BrightSpring Health Services by 12.1% in the 2nd quarter. Alliancebernstein L.P. now owns 5,450,085 shares of the company’s stock valued at $128,568,000 after purchasing an additional 588,642 shares during the period. The Manufacturers Life Insurance Company increased its stake in BrightSpring Health Services by 936.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,276,583 shares of the company’s stock worth $53,705,000 after purchasing an additional 2,056,920 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in BrightSpring Health Services by 123.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,096,949 shares of the company’s stock worth $61,966,000 after purchasing an additional 1,160,500 shares in the last quarter.

Analyst Ratings Changes

BTSG has been the subject of a number of recent research reports. KeyCorp upgraded BrightSpring Health Services from a “sector weight” rating to an “overweight” rating and set a $45.00 target price for the company in a research report on Friday, December 12th. Bank of America boosted their price objective on BrightSpring Health Services from $38.00 to $41.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Wall Street Zen lowered shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Wells Fargo & Company lifted their price target on shares of BrightSpring Health Services from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Finally, CJS Securities upgraded shares of BrightSpring Health Services to a “strong-buy” rating in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, BrightSpring Health Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.92.

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.