BrightSpring Health Services (NASDAQ:BTSG) Receives New Coverage from Analysts at KeyCorp

Research analysts at KeyCorp assumed coverage on shares of BrightSpring Health Services (NASDAQ:BTSG) in a note issued to investors on Friday, Briefing.com reports. The brokerage set a “sector weight” rating on the stock.

BTSG has been the topic of a number of other research reports. Guggenheim raised their target price on shares of BrightSpring Health Services from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group cut their price objective on BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, BTIG Research upped their target price on BrightSpring Health Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.05.

BrightSpring Health Services Stock Down 0.5 %

Shares of NASDAQ BTSG opened at $15.17 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.33 and a quick ratio of 1.00. The firm has a fifty day moving average of $13.30 and a 200-day moving average of $11.85. BrightSpring Health Services has a 52-week low of $7.85 and a 52-week high of $15.47.

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

Insider Activity

In other BrightSpring Health Services news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On BrightSpring Health Services

Several institutional investors have recently made changes to their positions in BTSG. nVerses Capital LLC acquired a new position in BrightSpring Health Services during the 2nd quarter valued at approximately $55,000. Ameritas Investment Partners Inc. acquired a new stake in shares of BrightSpring Health Services in the 1st quarter worth about $58,000. California State Teachers Retirement System acquired a new stake in shares of BrightSpring Health Services in the 1st quarter worth about $59,000. The Manufacturers Life Insurance Company lifted its position in BrightSpring Health Services by 10.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 117,026 shares of the company’s stock valued at $1,329,000 after purchasing an additional 10,854 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in BrightSpring Health Services during the 2nd quarter valued at about $126,000.

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.