Unisphere Establishment Has $5.49 Million Stock Position in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Unisphere Establishment lowered its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 44.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,500 shares of the company’s stock after selling 257,500 shares during the period. Unisphere Establishment owned 0.19% of BrightSpring Health Services worth $5,492,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BTSG. Barclays PLC boosted its position in 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 buying an additional 71,633 shares in the last quarter. Virtu Financial LLC acquired a new stake in 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% during the third quarter. JPMorgan Chase & Co. now owns 163,618 shares of the company’s stock worth $2,402,000 after purchasing an additional 120,005 shares during the period. SG Americas Securities LLC lifted its holdings 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 worth $630,000 after purchasing an additional 12,486 shares during the period. Finally, R Squared Ltd acquired a new position in shares of BrightSpring Health Services during the fourth quarter worth $74,000.

BrightSpring Health Services Stock Up 1.3 %

Shares of NASDAQ:BTSG opened at $17.53 on Wednesday. The business’s 50 day simple moving average is $17.67 and its two-hundred day simple moving average is $18.43. The firm has a market cap of $3.07 billion, a P/E ratio of -67.42 and a beta of 2.02. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. BrightSpring Health Services, Inc. has a 52-week low of $10.15 and a 52-week high of $24.82.

Analyst Ratings Changes

Separately, UBS Group lifted their price target on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently 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.