BrightSpring Health Services, Inc. (NASDAQ:BTSG) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 120.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,369 shares of the company’s stock after acquiring an additional 44,937 shares during the period. Quantbot Technologies LP’s holdings in BrightSpring Health Services were worth $1,403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. R Squared Ltd acquired a new position in BrightSpring Health Services during the 4th quarter worth $74,000. Intech Investment Management LLC acquired a new position in shares of BrightSpring Health Services during the third quarter worth about $159,000. Teacher Retirement System of Texas purchased a new stake in shares of BrightSpring Health Services during the fourth quarter worth approximately $234,000. BNP Paribas Financial Markets raised its holdings in 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 acquiring an additional 1,011 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in BrightSpring Health Services in the third quarter worth approximately $522,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BTSG. Morgan Stanley raised their price objective on shares of BrightSpring Health Services from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Bank of America lifted their price target on BrightSpring Health Services from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. UBS Group increased their price objective on BrightSpring Health Services from $22.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. CJS Securities began coverage on BrightSpring Health Services in a research report on Thursday, December 12th. They set an “outperform” rating and a $27.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on BrightSpring Health Services from $17.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.67.

BrightSpring Health Services Trading Up 3.5 %

BTSG opened at $18.69 on Tuesday. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of -71.88 and a beta of 2.20. BrightSpring Health Services, Inc. has a 52 week low of $9.53 and a 52 week high of $24.82. The business’s 50 day moving average is $20.12 and its two-hundred day moving average is $17.95. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.63.

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.