BrightSpring Health Services (NASDAQ:BTSG) PT Raised to $18.00 at Guggenheim

BrightSpring Health Services (NASDAQ:BTSG) had its price target hoisted by Guggenheim from $15.00 to $18.00 in a report published on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

BTSG has been the subject of a number of other research reports. The Goldman Sachs Group reduced their price target on BrightSpring Health Services from $21.00 to $18.00 and set a buy rating for the company in a research report on Friday, August 9th. BTIG Research initiated coverage on shares of BrightSpring Health Services in a research report on Friday, June 21st. They issued a buy rating and a $15.00 target price for the company. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, BrightSpring Health Services has an average rating of Buy and an average target price of $16.05.

BrightSpring Health Services Stock Up 0.3 %

BTSG opened at $14.76 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.33 and a debt-to-equity ratio of 1.62. BrightSpring Health Services has a 12 month low of $7.85 and a 12 month high of $15.47. The firm’s fifty day simple moving average is $13.10 and its 200 day simple moving average is $11.69.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.61 billion. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, research analysts expect that BrightSpring Health Services will post 0.57 earnings per share for the current fiscal year.

Insider Transactions at BrightSpring Health Services

In other news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were bought at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BTSG. Kohlberg Kravis Roberts & Co. L.P. acquired a new stake in BrightSpring Health Services during the 1st quarter valued at $884,166,000. 8 Knots Management LLC acquired a new stake in shares of BrightSpring Health Services during the 1st quarter worth about $67,678,000. Vanguard Group Inc. bought a new stake in shares of BrightSpring Health Services during the 1st quarter worth about $54,638,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in BrightSpring Health Services in the 1st quarter valued at about $35,328,000. Finally, Price T Rowe Associates Inc. MD bought a new position in BrightSpring Health Services in the 1st quarter valued at about $16,260,000.

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.