Occudo Quantitative Strategies LP Grows Position in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Occudo Quantitative Strategies LP lifted its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 169.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 53,904 shares of the company’s stock after purchasing an additional 33,863 shares during the period. Occudo Quantitative Strategies LP’s holdings in BrightSpring Health Services were worth $918,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its position in BrightSpring Health Services by 21.6% during the 4th quarter. FMR LLC now owns 22,102,490 shares of the company’s stock valued at $376,405,000 after buying an additional 3,933,303 shares during the period. Vanguard Group Inc. raised its stake in shares of BrightSpring Health Services by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 5,325,093 shares of the company’s stock valued at $90,686,000 after acquiring an additional 268,132 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of BrightSpring Health Services by 1.0% during the fourth quarter. Invesco Ltd. now owns 4,378,562 shares of the company’s stock worth $74,567,000 after purchasing an additional 41,991 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of BrightSpring Health Services by 13.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,698,629 shares of the company’s stock worth $45,959,000 after purchasing an additional 328,977 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new stake in shares of BrightSpring Health Services in the fourth quarter worth about $26,958,000.

BrightSpring Health Services Trading Up 4.0%

BTSG opened at $23.24 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.63. BrightSpring Health Services, Inc. has a 52 week low of $10.15 and a 52 week high of $24.82. The stock has a market cap of $4.05 billion, a PE ratio of -89.38 and a beta of 2.06. The business has a 50 day moving average of $18.16 and a 200-day moving average of $18.82.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BTSG shares. Mizuho set a $26.00 price target on BrightSpring Health Services in a research report on Monday, May 5th. Wells Fargo & Company upped their target price on BrightSpring Health Services from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday. Morgan Stanley lifted their price target on shares of BrightSpring Health Services from $20.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Finally, UBS Group boosted their price objective 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. According to MarketBeat, BrightSpring Health Services has a consensus rating of “Moderate Buy” and an average target price 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.