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

Y Intercept Hong Kong Ltd reduced its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 52.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,829 shares of the company’s stock after selling 42,508 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in BrightSpring Health Services were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in BrightSpring Health Services by 47.7% during the second quarter. Invesco Ltd. now owns 9,119,408 shares of the company’s stock worth $215,127,000 after acquiring an additional 2,946,811 shares during the last quarter. Alliancebernstein L.P. increased its position in BrightSpring Health Services by 12.1% during the 2nd quarter. Alliancebernstein L.P. now owns 5,450,085 shares of the company’s stock worth $128,568,000 after purchasing an additional 588,642 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in BrightSpring Health Services by 936.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,276,583 shares of the company’s stock worth $53,705,000 after purchasing an additional 2,056,920 shares in the last quarter. Jane Street Group LLC raised its holdings in BrightSpring Health Services by 855.4% in the second quarter. Jane Street Group LLC now owns 2,076,730 shares of the company’s stock valued at $48,990,000 after buying an additional 1,859,369 shares during the period. Finally, Adage Capital Partners GP L.L.C. lifted its position in BrightSpring Health Services by 106.3% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,938,547 shares of the company’s stock valued at $45,730,000 after buying an additional 999,018 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. TD Cowen reissued a “buy” rating on shares of BrightSpring Health Services in a research note on Tuesday. Bank of America increased their price target on BrightSpring Health Services from $38.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Morgan Stanley raised their price objective on BrightSpring Health Services from $25.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Wells Fargo & Company increased their target price on BrightSpring Health Services from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Finally, CJS Securities upgraded BrightSpring Health Services to a “strong-buy” rating in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, BrightSpring Health Services has a consensus rating of “Moderate Buy” and a consensus price target of $40.92.

BrightSpring Health Services Stock Performance

NASDAQ:BTSG opened at $39.27 on Friday. The firm has a 50-day moving average of $37.61 and a two-hundred day moving average of $30.63. 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 stock has a market cap of $7.08 billion, a P/E ratio of 64.38, a PEG ratio of 0.54 and a beta of 2.35. BrightSpring Health Services, Inc. has a 1-year low of $15.48 and a 1-year high of $41.03.

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.