Walleye Capital LLC Buys 132,869 Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Walleye Capital LLC increased its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 388.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 167,112 shares of the company’s stock after purchasing an additional 132,869 shares during the period. Walleye Capital LLC’s holdings in BrightSpring Health Services were worth $2,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in BTSG. nVerses Capital LLC acquired a new position in shares of BrightSpring Health Services during the second quarter worth about $55,000. California State Teachers Retirement System bought a new stake in BrightSpring Health Services in the 1st quarter valued at approximately $59,000. Intech Investment Management LLC acquired a new position in BrightSpring Health Services during the 3rd quarter worth approximately $159,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of BrightSpring Health Services during the 2nd quarter worth approximately $126,000. Finally, Arizona State Retirement System acquired a new stake in shares of BrightSpring Health Services in the second quarter valued at approximately $163,000.

Analysts Set New Price Targets

Several research analysts recently commented on BTSG shares. UBS Group increased their target price on shares of BrightSpring Health Services from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Mizuho boosted their target price on shares of BrightSpring Health Services from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. BTIG Research increased their price target on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Guggenheim lifted their price objective on shares of BrightSpring Health Services from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Finally, The Goldman Sachs Group cut their target price on shares of BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.21.

BrightSpring Health Services Stock Down 0.5 %

BTSG stock opened at $18.98 on Wednesday. BrightSpring Health Services, Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $20.25. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 0.97. The stock has a market capitalization of $3.30 billion and a price-to-earnings ratio of -73.00. The business’s fifty day moving average price is $16.92 and its two-hundred day moving average price is $13.69.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.72 billion. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. On average, equities analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 14.29 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

BrightSpring Health Services Company Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.