Prescott Group Capital Management L.L.C. Makes New Investment in BrightSpring Health Services, Inc. $BTSG

Prescott Group Capital Management L.L.C. bought a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,000 shares of the company’s stock, valued at approximately $887,000.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC purchased a new position in BrightSpring Health Services in the second quarter valued at approximately $43,000. CWM LLC raised its stake in shares of BrightSpring Health Services by 105.3% in the third quarter. CWM LLC now owns 1,595 shares of the company’s stock valued at $47,000 after buying an additional 818 shares during the period. Amalgamated Bank raised its stake in shares of BrightSpring Health Services by 62.7% in the third quarter. Amalgamated Bank now owns 3,041 shares of the company’s stock valued at $90,000 after buying an additional 1,172 shares during the period. Sandia Investment Management LP purchased a new position in shares of BrightSpring Health Services during the 2nd quarter valued at $118,000. Finally, Penserra Capital Management LLC bought a new position in shares of BrightSpring Health Services during the 2nd quarter worth $139,000.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BTSG shares. Zacks Research cut BrightSpring Health Services from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Wall Street Zen downgraded shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Wells Fargo & Company upped their price target on shares of BrightSpring Health Services from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Jefferies Financial Group set a $36.00 price objective on shares of BrightSpring Health Services and gave the stock a “buy” rating in a report on Tuesday, October 21st. Finally, Bank of America boosted their target price on shares of BrightSpring Health Services from $38.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, BrightSpring Health Services has an average rating of “Moderate Buy” and an average target price of $41.33.

BrightSpring Health Services Price Performance

Shares of NASDAQ:BTSG opened at $37.79 on Friday. The company has a 50 day moving average of $38.20 and a 200 day moving average of $31.73. The company has a current ratio of 1.79, a quick ratio of 1.38 and a debt-to-equity ratio of 1.36. The stock has a market cap of $6.82 billion, a P/E ratio of 61.95, a P/E/G ratio of 0.54 and a beta of 2.36. BrightSpring Health Services, Inc. has a 12 month low of $15.48 and a 12 month high of $41.26.

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.