BrightSpring Health Services (NASDAQ:BTSG) hits a new 1-year high of $15.43

BrightSpring Health Services, Inc. share price. (NASDAQ:BTSG – Get Your Free Report ) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $15.43 and last traded at $15.43, with a volume of 672606 shares changing hands. Shares previously closed at $15.01.

Changes in Analyst Ratings

A number of brokerages have commented on BTSG. BTIG Research began coverage on shares of BrightSpring Health Services in a report on Friday, June 21st. They set a “buy” rating and a $15.00 price objective on the stock. Goldman Sachs Group cut their price target on shares of BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Twelve investment analysts have rated the stock with a buy rating. The company currently has an average rating of “Buy” and an average price target of $15.32, according to MarketBeat.

Read our latest report on BTSG

BrightSpring Healthcare Price Performance

The company’s 50-day simple moving average is $12.58, and its 200-day simple moving average is $11.35. The company has a current ratio of 1.33, a quick ratio of 1.00, and a debt-to-equity ratio of 1.62.

BrightSpring Health Services (NASDAQ:BTSG – Get Your Free Report ) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.61 billion. The company’s quarterly revenue was up 26.0% year over year. As a group, sell-side analysts forecast that BrightSpring Health Services, Inc. it will post 0.57 EPS for the current year.

Insider work at BrightSpring Health Services

In related news, major shareholder Kkr Group Partnership LP purchased 11,619,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website.

Institutional investors are investing in BrightSpring Health Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in BrightSpring Health Services in the second quarter valued at $55,000. Ameritas Investment Partners Inc. bought a new stake in BrightSpring Health Services in the 1st quarter worth approximately $58,000. California State Teachers Retirement System acquired a new position in BrightSpring Health Services in the first quarter valued at about $59,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in BrightSpring Health Services in the second quarter valued at about $126,000. Finally, Arizona State Retirement System acquired a new position in shares of BrightSpring Health Services during the second quarter valued at about $163,000.

About BrightSpring Health Services

(Get a free report)

BrightSpring Health Services, Inc operates a home and community healthcare platform in the United States. The company’s platform focuses on providing pharmacy and provider services, including clinical and supportive care in home and community settings for Medicare, Medicaid and insured populations.

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