99,032 Shares in BrightSpring Health Services, Inc. $BTSG Acquired by Candriam S.C.A.

Candriam S.C.A. bought a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 99,032 shares of the company’s stock, valued at approximately $5,641,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. WESPAC Advisors LLC lifted its holdings in shares of BrightSpring Health Services by 1.9% in the 3rd quarter. WESPAC Advisors LLC now owns 11,942 shares of the company’s stock worth $678,000 after purchasing an additional 228 shares during the last quarter. Allworth Financial LP boosted its position in BrightSpring Health Services by 179.3% during the 2nd quarter. Allworth Financial LP now owns 405 shares of the company’s stock valued at $28,000 after purchasing an additional 260 shares during the period. State of Wyoming grew its stake in BrightSpring Health Services by 4.5% during the 1st quarter. State of Wyoming now owns 7,776 shares of the company’s stock worth $331,000 after buying an additional 336 shares during the last quarter. IFP Advisors Inc grew its stake in BrightSpring Health Services by 204.5% during the 2nd quarter. IFP Advisors Inc now owns 606 shares of the company’s stock worth $42,000 after buying an additional 407 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in BrightSpring Health Services by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 39,976 shares of the company’s stock worth $2,788,000 after buying an additional 423 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Morgan Stanley increased their target price on BrightSpring Health Services from $71.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Wall Street Zen raised shares of BrightSpring Health Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. Wells Fargo & Company upped their price target on shares of BrightSpring Health Services from $78.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. Zacks Research upgraded shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 5th. Finally, Leerink Partners increased their price objective on shares of BrightSpring Health Services from $72.00 to $92.00 and gave the stock an “outperform” rating in a report on Monday, November 2nd. Two analysts have rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, BrightSpring Health Services currently has an average rating of “Buy” and a consensus price target of $77.81.

BrightSpring Health Services Trading Up 4.8%

NASDAQ:BTSG opened at $72.49 on Wednesday. BrightSpring Health Services, Inc. has a 1 year low of $30.64 and a 1 year high of $73.75. The stock has a market cap of $14.42 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 0.76 and a beta of 1.77. The business has a fifty day moving average of $61.24 and a 200-day moving average of $55.57. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.62.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings results on Friday, October 30th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.07. BrightSpring Health Services had a return on equity of 18.56% and a net margin of 2.69%. The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $3.88 billion. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. Equities analysts predict that BrightSpring Health Services, Inc. will post 1.70 earnings per share for the current year.

BrightSpring Health Services Profile

BrightSpring Health Services is a provider of home- and community-based health services in the United States. The company supports people with complex health needs, including individuals with intellectual and developmental disabilities, behavioral health conditions, and chronic or age-related illnesses. Its services include home health and hospice care, behavioral health and rehabilitation, residential and community-based support, and pharmacy services. BrightSpring’s pharmacy operations provide prescription dispensing and related services to people receiving care in homes, community settings, and long-term care facilities.