R Squared Ltd Acquires New Stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

R Squared Ltd bought a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,340 shares of the company’s stock, valued at approximately $74,000.

A number of other hedge funds have also modified their holdings of BTSG. FMR LLC lifted 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 buying an additional 2,664,582 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of BrightSpring Health Services by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,304,214 shares of the company’s stock worth $19,150,000 after acquiring an additional 7,750 shares during the period. State Street Corp boosted its position in shares of BrightSpring Health Services by 7.4% during the 3rd quarter. State Street Corp now owns 1,239,628 shares of the company’s stock valued at $18,198,000 after acquiring an additional 85,464 shares during the last quarter. HBK Investments L P grew its holdings in shares of BrightSpring Health Services by 7.1% in the third quarter. HBK Investments L P now owns 750,000 shares of the company’s stock valued at $11,010,000 after purchasing an additional 50,000 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in BrightSpring Health Services by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 440,335 shares of the company’s stock worth $6,464,000 after purchasing an additional 6,326 shares during the last quarter.

BrightSpring Health Services Stock Performance

NASDAQ:BTSG opened at $23.60 on Friday. BrightSpring Health Services, Inc. has a 52 week low of $7.85 and a 52 week high of $24.82. The company has a fifty day simple moving average of $18.82 and a two-hundred day simple moving average of $15.96. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.63. The company has a market cap of $4.11 billion and a price-to-earnings ratio of -90.77.

BrightSpring Health Services (NASDAQ:BTSG) last released its earnings results on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The company had revenue of $2.91 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 28.8% on a year-over-year basis. As a group, equities analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BTSG has been the topic of several recent analyst reports. Morgan Stanley boosted their target price 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. Wells Fargo & Company increased their price objective on BrightSpring Health Services from $17.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Mizuho lifted their target price 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. Bank of America increased 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. Finally, UBS Group boosted their price objective on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, BrightSpring Health Services currently has a consensus rating of “Moderate Buy” and an average price target of $19.42.

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.