35,586 Shares in BrightSpring Health Services, Inc. (NASDAQ:BTSG) Bought by Virtu Financial LLC

Virtu Financial LLC bought a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 35,586 shares of the company’s stock, valued at approximately $522,000.

A number of other institutional investors also recently bought and sold shares of the stock. nVerses Capital LLC purchased a new stake in BrightSpring Health Services in the 2nd quarter worth $55,000. California State Teachers Retirement System purchased a new stake in BrightSpring Health Services in the 1st quarter worth $59,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in BrightSpring Health Services in the 2nd quarter worth $126,000. Intech Investment Management LLC purchased a new stake in BrightSpring Health Services in the 3rd quarter worth $159,000. Finally, Arizona State Retirement System purchased a new stake in BrightSpring Health Services in the 2nd quarter worth $163,000.

BrightSpring Health Services Trading Up 3.5 %

BTSG opened at $18.56 on Monday. The firm has a market cap of $3.23 billion and a P/E ratio of -71.38. BrightSpring Health Services, Inc. has a 12 month low of $7.85 and a 12 month 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 moving average of $17.49 and a 200 day moving average of $14.08.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm 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%. BrightSpring Health Services’s quarterly revenue was up 28.8% compared to the same quarter last year. As a group, research analysts forecast that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

BTSG has been the subject of a number of analyst reports. CJS Securities started coverage on BrightSpring Health Services in a research note on Thursday. They issued an “outperform” rating and a $27.00 price target for the company. Mizuho raised their price objective on BrightSpring Health Services from $17.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Wells Fargo & Company raised their price objective on BrightSpring Health Services from $17.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. UBS Group raised their price objective on BrightSpring Health Services from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, KeyCorp started coverage on BrightSpring Health Services in a research report on Friday, October 11th. They set a “sector weight” rating for the company. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.50.

BrightSpring Health Services Company 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.