Bellevue Group AG Invests $2.97 Million in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Bellevue Group AG bought a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the 4th quarter, Holdings Channel reports. The institutional investor bought 174,152 shares of the company’s stock, valued at approximately $2,966,000.

Other hedge funds have also recently modified their holdings of the company. Rhumbline Advisers raised its stake in BrightSpring Health Services by 1.5% in the 4th quarter. Rhumbline Advisers now owns 73,583 shares of the company’s stock worth $1,253,000 after acquiring an additional 1,118 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in BrightSpring Health Services by 4.9% in the fourth quarter. MetLife Investment Management LLC now owns 33,117 shares of the company’s stock valued at $564,000 after acquiring an additional 1,548 shares during the period. Quarry LP purchased a new stake in BrightSpring Health Services during the fourth quarter worth $29,000. Legal & General Group Plc boosted its stake in shares of BrightSpring Health Services by 4.8% during the 4th quarter. Legal & General Group Plc now owns 64,631 shares of the company’s stock worth $1,101,000 after acquiring an additional 2,945 shares in the last quarter. Finally, R Squared Ltd purchased a new position in BrightSpring Health Services during the fourth quarter worth approximately $74,000.

BrightSpring Health Services Price Performance

NASDAQ:BTSG opened at $20.87 on Friday. BrightSpring Health Services, Inc. has a one year low of $10.15 and a one year high of $24.82. The stock has a market cap of $3.65 billion, a PE ratio of -80.27 and a beta of 2.02. The stock has a 50 day moving average price of $17.62 and a 200 day moving average price of $18.50. 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 (NASDAQ:BTSG) last announced its quarterly earnings results on Friday, May 2nd. The company reported $0.19 earnings per share (EPS) 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 business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter last year, the firm earned $0.12 EPS. The business’s revenue was up 25.9% compared to the same quarter last year. Equities research analysts expect that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, UBS Group lifted their target price on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the company a “buy” rating in a research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.67.

BrightSpring Health Services 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.