Healthcare of Ontario Pension Plan Trust Fund Has $40.81 Million Stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Healthcare of Ontario Pension Plan Trust Fund lowered its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 14.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,780,000 shares of the company’s stock after selling 470,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 1.60% of BrightSpring Health Services worth $40,810,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. nVerses Capital LLC bought a new stake in shares of BrightSpring Health Services in the 2nd quarter valued at $55,000. California State Teachers Retirement System bought a new stake in shares of BrightSpring Health Services in the 1st quarter valued at $59,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of BrightSpring Health Services in the 2nd quarter valued at $126,000. Intech Investment Management LLC bought a new stake in shares of BrightSpring Health Services in the 3rd quarter valued at $159,000. Finally, Arizona State Retirement System bought a new stake in shares of BrightSpring Health Services in the 2nd quarter valued at $163,000.

Insider Buying and Selling at BrightSpring Health Services

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

Analyst Ratings Changes

BTSG has been the subject of several research analyst reports. UBS Group lifted their price objective on shares of BrightSpring Health Services from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. BTIG Research boosted 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. Wells Fargo & Company boosted their price target on shares of BrightSpring Health Services from $17.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group decreased their price target 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. Finally, Mizuho boosted their price target on shares of BrightSpring Health Services from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.21.

BrightSpring Health Services Price Performance

Shares of NASDAQ:BTSG opened at $19.05 on Thursday. The company’s 50-day moving average is $16.51 and its 200 day moving average is $13.42. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. The company has a market capitalization of $3.32 billion and a P/E ratio of -74.77. BrightSpring Health Services, Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $20.25.

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

BrightSpring Health Services 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.