Bailard Inc. Takes Position in BrightSpring Health Services, Inc. $BTSG

Bailard Inc. bought a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the 3rd quarter, Holdings Channel.com reports. The firm bought 12,800 shares of the company’s stock, valued at approximately $378,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Invesco Ltd. raised its position in BrightSpring Health Services by 47.7% in the second quarter. Invesco Ltd. now owns 9,119,408 shares of the company’s stock valued at $215,127,000 after purchasing an additional 2,946,811 shares during the period. Alliancebernstein L.P. raised its holdings in shares of BrightSpring Health Services by 12.1% during the 2nd quarter. Alliancebernstein L.P. now owns 5,450,085 shares of the company’s stock valued at $128,568,000 after buying an additional 588,642 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of BrightSpring Health Services by 936.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,276,583 shares of the company’s stock valued at $53,705,000 after buying an additional 2,056,920 shares during the period. Jane Street Group LLC lifted its position in BrightSpring Health Services by 855.4% during the 2nd quarter. Jane Street Group LLC now owns 2,076,730 shares of the company’s stock worth $48,990,000 after acquiring an additional 1,859,369 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in BrightSpring Health Services by 106.3% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,938,547 shares of the company’s stock worth $45,730,000 after acquiring an additional 999,018 shares during the period.

Analyst Ratings Changes

A number of analysts have recently issued reports on BTSG shares. Wall Street Zen lowered shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. KeyCorp raised shares of BrightSpring Health Services from a “sector weight” rating to an “overweight” rating and set a $45.00 price target for the company in a report on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of BrightSpring Health Services in a report on Monday, December 29th. Jefferies Financial Group set a $36.00 target price on BrightSpring Health Services and gave the company a “buy” rating in a research note on Tuesday, October 21st. Finally, Bank of America boosted their price target on BrightSpring Health Services from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.92.

BrightSpring Health Services Price Performance

Shares of BTSG stock opened at $39.62 on Friday. The firm has a fifty day moving average of $36.90 and a two-hundred day moving average of $29.91. The firm has a market cap of $7.15 billion, a P/E ratio of 64.95, a P/E/G ratio of 0.53 and a beta of 2.35. BrightSpring Health Services, Inc. has a 1-year low of $15.48 and a 1-year high of $41.03. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.79 and a quick ratio of 1.38.

BrightSpring Health Services Profile

BrightSpring Health Services (NASDAQ: BTSG) is a leading provider of home and community-based care and workforce solutions aimed at seniors, individuals with disabilities and those facing behavioral health challenges. The company’s operations encompass a broad spectrum of services, including personal care, skilled nursing, therapy, habilitation and supported living, as well as specialized behavioral health programs delivered through both clinical and non-clinical channels.

Through its network of subsidiary brands, BrightSpring offers integrated care in the patient’s home environment, fostering independence and improving quality of life.