BrightSpring Health Services, Inc. $BTSG Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd cut its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 52.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,829 shares of the company’s stock after selling 42,508 shares during the period. Y Intercept Hong Kong Ltd’s holdings in BrightSpring Health Services were worth $1,118,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ellsworth Advisors LLC bought a new position in BrightSpring Health Services during the third quarter worth $983,000. Bailard Inc. acquired a new stake in shares of BrightSpring Health Services during the third quarter worth $378,000. Voya Investment Management LLC raised its holdings in shares of BrightSpring Health Services by 556.1% during the third quarter. Voya Investment Management LLC now owns 1,343,775 shares of the company’s stock worth $39,722,000 after purchasing an additional 1,138,965 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of BrightSpring Health Services in the 3rd quarter worth about $481,000. Finally, Invesco Ltd. boosted its holdings in shares of BrightSpring Health Services by 47.7% in the 2nd quarter. Invesco Ltd. now owns 9,119,408 shares of the company’s stock valued at $215,127,000 after buying an additional 2,946,811 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BTSG shares. Jefferies Financial Group set a $36.00 price objective on shares of BrightSpring Health Services and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Stephens initiated coverage on BrightSpring Health Services in a research report on Wednesday, December 10th. They set an “overweight” rating and a $44.00 price target on the stock. CJS Securities raised BrightSpring Health Services to a “strong-buy” rating in a report on Thursday, December 11th. Wall Street Zen downgraded BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Wells Fargo & Company increased their target price on BrightSpring Health Services from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.92.

BrightSpring Health Services Stock Performance

Shares of BTSG stock opened at $39.27 on Friday. BrightSpring Health Services, Inc. has a 12-month low of $15.48 and a 12-month high of $41.03. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.79 and a quick ratio of 1.38. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 64.38, a price-to-earnings-growth ratio of 0.54 and a beta of 2.35. The business has a 50 day simple moving average of $37.61 and a 200 day simple moving average of $30.63.

BrightSpring Health Services Profile

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.