BrightSpring Health Services, Inc. $BTSG Position Boosted by Legal & General Group Plc

Legal & General Group Plc lifted its stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 160.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 267,919 shares of the company’s stock after purchasing an additional 165,221 shares during the period. Legal & General Group Plc owned about 0.15% of BrightSpring Health Services worth $10,034,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Prescott Group Capital Management L.L.C. bought a new position in shares of BrightSpring Health Services during the third quarter worth about $887,000. Vanguard Group Inc. lifted its holdings in BrightSpring Health Services by 6.4% in the third quarter. Vanguard Group Inc. now owns 9,604,703 shares of the company’s stock worth $283,915,000 after acquiring an additional 576,906 shares during the last quarter. 8 Knots Management LLC bought a new position in BrightSpring Health Services in the third quarter worth about $51,244,000. Victory Capital Management Inc. lifted its holdings in BrightSpring Health Services by 551.3% in the third quarter. Victory Capital Management Inc. now owns 726,878 shares of the company’s stock worth $21,487,000 after acquiring an additional 615,280 shares during the last quarter. Finally, Iron Triangle Partners LP lifted its holdings in BrightSpring Health Services by 3.2% in the third quarter. Iron Triangle Partners LP now owns 1,238,520 shares of the company’s stock worth $36,611,000 after acquiring an additional 38,520 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BTSG. Stephens raised their target price on shares of BrightSpring Health Services from $53.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. BMO Capital Markets set a $70.00 target price on shares of BrightSpring Health Services in a report on Thursday, May 21st. KeyCorp raised their target price on shares of BrightSpring Health Services from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $60.00 target price on shares of BrightSpring Health Services in a report on Monday, May 4th. Finally, Cantor Fitzgerald set a $49.00 target price on shares of BrightSpring Health Services in a report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $57.64.

BrightSpring Health Services Stock Performance

Shares of NASDAQ BTSG opened at $57.40 on Friday. The firm’s 50-day moving average price is $51.00 and its two-hundred day moving average price is $42.89. BrightSpring Health Services, Inc. has a 52-week low of $19.01 and a 52-week high of $62.11. The stock has a market capitalization of $11.13 billion, a P/E ratio of 40.71, a P/E/G ratio of 0.79 and a beta of 1.87. The company has a quick ratio of 1.38, a current ratio of 1.74 and a debt-to-equity ratio of 1.24.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. BrightSpring Health Services had a net margin of 2.27% and a return on equity of 14.63%. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the business earned $0.14 earnings per share. BrightSpring Health Services’s revenue was up 25.6% compared to the same quarter last year. As a group, sell-side analysts forecast that BrightSpring Health Services, Inc. will post 1.67 earnings per share for the current year.

About BrightSpring Health Services

BrightSpring Health Services (NASDAQ: BTSG) is a leading provider of home and community-based care and workforce solutions aimed at seniors, individuals with disabilities and those facing behavioral health challenges. The company’s operations encompass a broad spectrum of services, including personal care, skilled nursing, therapy, habilitation and supported living, as well as specialized behavioral health programs delivered through both clinical and non-clinical channels.

Through its network of subsidiary brands, BrightSpring offers integrated care in the patient’s home environment, fostering independence and improving quality of life.