33,200 Shares in BrightSpring Health Services, Inc. $BTSG Bought by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board bought a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the third quarter, Holdings Channel reports. The fund bought 33,200 shares of the company’s stock, valued at approximately $1,884,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company bought a new position in BrightSpring Health Services in the 2nd quarter valued at $239,377,000. Bank of America Corp DE purchased a new position in shares of BrightSpring Health Services during the 2nd quarter valued at $127,475,000. Bank of New York Mellon Corp bought a new position in shares of BrightSpring Health Services in the second quarter worth $118,162,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of BrightSpring Health Services by 109.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,370,440 shares of the company’s stock worth $58,394,000 after purchasing an additional 716,949 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of BrightSpring Health Services by 236.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 860,134 shares of the company’s stock worth $36,151,000 after purchasing an additional 604,232 shares during the period.

BrightSpring Health Services Stock Performance

BrightSpring Health Services stock opened at $72.62 on Thursday. BrightSpring Health Services, Inc. has a fifty-two week low of $30.64 and a fifty-two week high of $73.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.62. The stock has a market cap of $14.45 billion, a P/E ratio of 39.25, a price-to-earnings-growth ratio of 0.79 and a beta of 1.77. The firm’s fifty day moving average price is $61.51 and its 200-day moving average price is $55.74.

BrightSpring Health Services (NASDAQ:BTSG) last announced its earnings results on Friday, October 30th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.07. BrightSpring Health Services had a net margin of 2.69% and a return on equity of 18.56%. The company had revenue of $4.21 billion during 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. On average, equities research analysts expect that BrightSpring Health Services, Inc. will post 1.70 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BTSG shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $90.00 price objective on shares of BrightSpring Health Services in a research report on Monday, November 2nd. Weiss Ratings upgraded BrightSpring Health Services from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, November 2nd. Leerink Partners boosted their target price on BrightSpring Health Services from $72.00 to $92.00 and gave the stock an “outperform” rating in a research report on Monday, November 2nd. Zacks Research upgraded BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 5th. Finally, Wall Street Zen raised BrightSpring Health Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $77.81.

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.