Sea Cliff Partners Management LP Has $29.55 Million Position in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Sea Cliff Partners Management LP increased its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 49.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,735,150 shares of the company’s stock after acquiring an additional 571,437 shares during the period. BrightSpring Health Services makes up approximately 10.3% of Sea Cliff Partners Management LP’s investment portfolio, making the stock its biggest position. Sea Cliff Partners Management LP’s holdings in BrightSpring Health Services were worth $29,550,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in BrightSpring Health Services by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,649 shares of the company’s stock valued at $522,000 after buying an additional 1,032 shares during the period. Rhumbline Advisers boosted its holdings in shares of BrightSpring Health Services by 1.5% in the 4th quarter. Rhumbline Advisers now owns 73,583 shares of the company’s stock valued at $1,253,000 after purchasing an additional 1,118 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of 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 purchasing an additional 1,548 shares during the last quarter. Quarry LP acquired a new position in shares of BrightSpring Health Services during the 4th quarter worth $29,000. Finally, Legal & General Group Plc lifted its position in shares of BrightSpring Health Services by 4.8% during the 4th quarter. Legal & General Group Plc now owns 64,631 shares of the company’s stock worth $1,101,000 after buying an additional 2,945 shares during the last quarter.

BrightSpring Health Services Stock Up 1.7%

Shares of NASDAQ:BTSG opened at $24.43 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. BrightSpring Health Services, Inc. has a 52-week low of $10.15 and a 52-week high of $24.82. The business’s 50 day simple moving average is $18.59 and its two-hundred day simple moving average is $18.97. The firm has a market cap of $4.26 billion, a P/E ratio of -93.96 and a beta of 2.06.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Friday, May 2nd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.10. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period in the prior year, the firm earned $0.12 earnings per share. BrightSpring Health Services’s revenue for the quarter was up 25.9% on a year-over-year basis. As a group, research analysts forecast that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on BTSG shares. UBS Group boosted their target price on BrightSpring Health Services from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Morgan Stanley upped their price objective on shares of BrightSpring Health Services from $20.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Wells Fargo & Company raised their target price on shares of BrightSpring Health Services from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Mizuho set a $26.00 price target on shares of BrightSpring Health Services in a report on Monday, May 5th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.56.

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.