Teacher Retirement System of Texas Invests $234,000 in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Teacher Retirement System of Texas purchased a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,718 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in shares of BrightSpring Health Services by 5.0% during the third quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company’s stock worth $313,000 after buying an additional 1,011 shares in the last quarter. Rhumbline Advisers raised its stake in BrightSpring Health Services by 1.5% in the 4th quarter. Rhumbline Advisers now owns 73,583 shares of the company’s stock worth $1,253,000 after purchasing an additional 1,118 shares in the last quarter. R Squared Ltd acquired a new stake in BrightSpring Health Services in the 4th quarter worth about $74,000. Charles Schwab Investment Management Inc. boosted its holdings in BrightSpring Health Services by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 440,335 shares of the company’s stock valued at $6,464,000 after purchasing an additional 6,326 shares during the period. Finally, Geode Capital Management LLC grew its position 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 purchasing an additional 7,750 shares in the last quarter.

Wall Street Analysts Forecast Growth

BTSG has been the subject of a number of analyst reports. UBS Group lifted their price target on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Bank of America lifted their price objective on BrightSpring Health Services from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. CJS Securities initiated coverage on BrightSpring Health Services in a report on Thursday, December 12th. They set an “outperform” rating and a $27.00 target price on the stock. Finally, Morgan Stanley boosted their price target on BrightSpring Health Services from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.67.

BrightSpring Health Services Stock Performance

NASDAQ:BTSG opened at $17.94 on Wednesday. BrightSpring Health Services, Inc. has a twelve month low of $9.98 and a twelve month high of $24.82. 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 stock’s 50-day simple moving average is $20.06 and its 200 day simple moving average is $18.15. The firm has a market capitalization of $3.14 billion, a PE ratio of -69.00 and a beta of 2.20.

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.