BrightSpring Health Services, Inc. (NASDAQ:BTSG) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 28.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,213 shares of the company’s stock after purchasing an additional 34,907 shares during the quarter. Bank of New York Mellon Corp’s holdings in BrightSpring Health Services were worth $2,677,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of BrightSpring Health Services by 17.2% in the 3rd quarter. FMR LLC now owns 18,169,187 shares of the company’s stock valued at $266,724,000 after buying an additional 2,664,582 shares in the last quarter. Geode Capital Management LLC raised its holdings in BrightSpring Health Services by 0.6% during the third 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. State Street Corp boosted its stake in shares of BrightSpring Health Services by 7.4% in the third quarter. State Street Corp now owns 1,239,628 shares of the company’s stock valued at $18,198,000 after buying an additional 85,464 shares in the last quarter. HBK Investments L P increased its holdings in shares of BrightSpring Health Services by 7.1% in the 3rd 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of BrightSpring Health Services by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 440,335 shares of the company’s stock valued at $6,464,000 after acquiring an additional 6,326 shares during the period.

BrightSpring Health Services Stock Down 1.1 %

Shares of BrightSpring Health Services stock opened at $18.13 on Friday. BrightSpring Health Services, Inc. has a twelve month low of $8.89 and a twelve month high of $24.82. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of -69.73 and a beta of 2.20. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. The business’s 50 day simple moving average is $20.07 and its 200-day simple moving average is $17.80.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BTSG. Bank of America raised their price objective on shares of BrightSpring Health Services from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Morgan Stanley lifted their target price on 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 lifted their target price on shares of BrightSpring Health Services from $17.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. UBS Group lifted their price objective on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, CJS Securities assumed coverage on BrightSpring Health Services in a research note on Thursday, December 12th. They set an “outperform” rating and a $27.00 target price for the company. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.67.

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.