BrightSpring Health Services, Inc. (NASDAQ:BTSG) Shares Sold by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp lowered its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 121,967 shares of the company’s stock after selling 2,764 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in BrightSpring Health Services were worth $2,077,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in BTSG. Intech Investment Management LLC acquired a new stake in shares of BrightSpring Health Services in the third quarter worth $159,000. Arizona State Retirement System acquired a new stake in BrightSpring Health Services during the 2nd quarter worth about $163,000. nVerses Capital LLC raised its stake in shares of BrightSpring Health Services by 195.8% during the 3rd quarter. nVerses Capital LLC now owns 14,200 shares of the company’s stock valued at $208,000 after buying an additional 9,400 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of BrightSpring Health Services in the 2nd quarter valued at about $216,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of BrightSpring Health Services by 5.0% in the third quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company’s stock worth $313,000 after buying an additional 1,011 shares during the last quarter.

BrightSpring Health Services Stock Up 2.7 %

Shares of BTSG opened at $18.48 on Friday. The stock has a 50 day moving average price of $18.21 and a 200 day moving average price of $15.13. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. The stock has a market capitalization of $3.22 billion and a price-to-earnings ratio of -71.08. BrightSpring Health Services, Inc. has a one year low of $7.85 and a one year high of $20.25.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.72 billion. BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The company’s revenue for the quarter was up 28.8% compared to the same quarter last year. Equities research analysts forecast that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on BrightSpring Health Services from $17.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Mizuho boosted their target price on shares of BrightSpring Health Services from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. KeyCorp began coverage on shares of BrightSpring Health Services in a research report on Friday, October 11th. They set a “sector weight” rating on the stock. CJS Securities started coverage on shares of BrightSpring Health Services in a research report on Thursday, December 12th. They issued an “outperform” rating and a $27.00 price objective for the company. Finally, Morgan Stanley raised their target price on BrightSpring Health Services from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.65.

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.