BrightSpring Health Services (NASDAQ:BTSG) Sets New 52-Week High at $15.43

BrightSpring Health Services, Inc. (NASDAQ:BTSG) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $15.43 and last traded at $15.43, with a volume of 672606 shares. The stock had previously closed at $15.01.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. The Goldman Sachs Group reduced their price objective on BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. BTIG Research assumed coverage on BrightSpring Health Services in a research report on Friday, June 21st. They set a “buy” rating and a $15.00 price target on the stock. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $15.32.

BrightSpring Health Services Stock Performance

The stock’s fifty day moving average is $12.58 and its two-hundred day moving average is $11.35. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.33 and a quick ratio of 1.00.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.61 billion. BrightSpring Health Services’s revenue for the quarter was up 26.0% on a year-over-year basis. As a group, research analysts forecast that BrightSpring Health Services, Inc. will post 0.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of BrightSpring Health Services stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the acquisition, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hedge Funds Weigh In On BrightSpring Health Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kohlberg Kravis Roberts & Co. L.P. bought a new position in shares of BrightSpring Health Services during the 1st quarter worth approximately $884,166,000. 8 Knots Management LLC acquired a new stake in shares of BrightSpring Health Services in the 1st quarter valued at $67,678,000. Vanguard Group Inc. acquired a new stake in shares of BrightSpring Health Services during the 1st quarter worth about $54,638,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in BrightSpring Health Services in the first quarter valued at about $35,328,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in BrightSpring Health Services during the first quarter worth about $16,260,000.

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.