BrightSpring Health Services, Inc. (NASDAQ:BTSG) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. lessened its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 60.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 383,377 shares of the company’s stock after selling 581,153 shares during the period. Adage Capital Partners GP L.L.C.’s holdings in BrightSpring Health Services were worth $6,529,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. acquired a new stake in BrightSpring Health Services in the 4th quarter valued at approximately $26,958,000. Price T Rowe Associates Inc. MD boosted its position in BrightSpring Health Services by 13.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,698,629 shares of the company’s stock valued at $45,959,000 after buying an additional 328,977 shares during the period. MetLife Investment Management LLC boosted its position in BrightSpring Health Services by 4.9% in the 4th quarter. MetLife Investment Management LLC now owns 33,117 shares of the company’s stock valued at $564,000 after buying an additional 1,548 shares during the period. First Trust Advisors LP purchased a new position in BrightSpring Health Services in the 4th quarter valued at approximately $987,000. Finally, Alpha DNA Investment Management LLC purchased a new position in BrightSpring Health Services in the 4th quarter valued at approximately $408,000.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised their price target on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.67.

BrightSpring Health Services Price Performance

BrightSpring Health Services stock opened at $17.31 on Tuesday. The stock has a market cap of $3.03 billion, a P/E ratio of -66.58 and a beta of 2.02. The company has a fifty day simple moving average of $17.72 and a 200-day simple moving average of $18.44. BrightSpring Health Services, Inc. has a 12-month low of $10.15 and a 12-month high of $24.82. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63.

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.