30,000 Shares in BrightSpring Health Services, Inc. $BTSG Purchased by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. purchased a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 30,000 shares of the company’s stock, valued at approximately $887,000.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BTSG. Weiss Ratings reiterated a “hold (c)” rating on shares of BrightSpring Health Services in a report on Monday, December 29th. William Blair initiated coverage on BrightSpring Health Services in a research note on Monday, December 8th. They issued an “outperform” rating for the company. Zacks Research cut shares of BrightSpring Health Services from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. TD Cowen restated a “buy” rating on shares of BrightSpring Health Services in a report on Tuesday, January 27th. Finally, KeyCorp raised shares of BrightSpring Health Services from a “sector weight” rating to an “overweight” rating and set a $45.00 price objective for the company in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.33.

BrightSpring Health Services Stock Performance

Shares of BTSG stock opened at $37.79 on Friday. The company has a market capitalization of $6.82 billion, a P/E ratio of 61.95, a PEG ratio of 0.54 and a beta of 2.36. BrightSpring Health Services, Inc. has a fifty-two week low of $15.48 and a fifty-two week high of $41.26. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.38 and a current ratio of 1.79. The stock has a 50 day moving average price of $38.20 and a two-hundred day moving average price of $31.73.

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.