BrightSpring Health Services (NASDAQ:BTSG) Earns Sector Weight Rating from Analysts at KeyCorp

KeyCorp initiated coverage on shares of BrightSpring Health Services (NASDAQ:BTSG) in a research note released on Friday morning, MarketBeat reports. The brokerage issued a sector weight rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. BTIG Research increased their target price on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the stock a buy rating in a research report on Thursday, October 3rd. The Goldman Sachs Group decreased their price objective on shares of 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. Finally, Guggenheim boosted their target price on BrightSpring Health Services from $15.00 to $18.00 and gave the stock a buy rating in a report on Tuesday, October 1st. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $16.05.

BrightSpring Health Services Stock Down 0.1 %

BTSG stock opened at $15.16 on Friday. BrightSpring Health Services has a 1-year low of $7.85 and a 1-year high of $15.47. The company has a current ratio of 1.33, a quick ratio of 1.00 and a debt-to-equity ratio of 1.62. The business’s 50 day moving average is $13.38 and its 200-day moving average is $11.91.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.61 billion. The company’s revenue was up 26.0% compared to the same quarter last year. On average, sell-side analysts expect that BrightSpring Health Services will post 0.57 earnings per share for the current year.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On BrightSpring Health Services

Several large investors have recently bought and sold shares of BTSG. BNP Paribas Financial Markets bought a new stake in shares of BrightSpring Health Services during the 1st quarter valued at $280,000. Capstone Investment Advisors LLC bought a new stake in BrightSpring Health Services in the first quarter valued at about $9,722,000. Vanguard Group Inc. acquired a new position in BrightSpring Health Services in the first quarter valued at about $54,638,000. Ameritas Investment Partners Inc. bought a new position in BrightSpring Health Services during the first quarter worth about $58,000. Finally, American International Group Inc. acquired a new position in shares of BrightSpring Health Services during the 1st quarter worth about $289,000.

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.