HBK Investments L P Has $11.01 Million Stock Position in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

HBK Investments L P raised its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 7.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 750,000 shares of the company’s stock after acquiring an additional 50,000 shares during the quarter. HBK Investments L P owned approximately 0.43% of BrightSpring Health Services worth $11,010,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BTSG. Walleye Capital LLC increased its position in shares of BrightSpring Health Services by 388.0% during the 3rd quarter. Walleye Capital LLC now owns 167,112 shares of the company’s stock worth $2,453,000 after purchasing an additional 132,869 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of BrightSpring Health Services by 5.0% in the third quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company’s stock valued at $313,000 after buying an additional 1,011 shares in the last quarter. Quantbot Technologies LP increased its holdings in BrightSpring Health Services by 47.8% during the third quarter. Quantbot Technologies LP now owns 37,432 shares of the company’s stock worth $550,000 after buying an additional 12,107 shares during the last quarter. FMR LLC raised its position in BrightSpring Health Services by 17.2% during the third quarter. FMR LLC now owns 18,169,187 shares of the company’s stock worth $266,724,000 after acquiring an additional 2,664,582 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in BrightSpring Health Services by 67.7% in the third quarter. The Manufacturers Life Insurance Company now owns 196,207 shares of the company’s stock valued at $2,880,000 after acquiring an additional 79,181 shares during the last quarter.

Insider Buying and Selling at BrightSpring Health Services

In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This trade represents a 14.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BTSG shares. Wells Fargo & Company raised their target price on shares of BrightSpring Health Services from $17.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group lifted their target price on BrightSpring Health Services from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Guggenheim boosted their target price on BrightSpring Health Services from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. The Goldman Sachs Group reduced their price objective on shares of 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. Finally, KeyCorp began coverage on shares of BrightSpring Health Services in a research report on Friday, October 11th. They issued a “sector weight” rating on the stock. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, BrightSpring Health Services has a consensus rating of “Moderate Buy” and a consensus target price of $17.21.

BrightSpring Health Services Stock Up 1.7 %

Shares of BTSG stock opened at $19.05 on Friday. BrightSpring Health Services, Inc. has a 1 year low of $7.85 and a 1 year high of $20.25. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. The stock has a 50 day simple moving average of $16.60 and a 200 day simple moving average of $13.46.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.72 billion. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The business’s quarterly revenue was up 28.8% compared to the same quarter last year. Equities analysts expect that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.

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.