BrightSpring Health Services, Inc. (NASDAQ:BTSG) Short Interest Update

BrightSpring Health Services, Inc. (NASDAQ:BTSG) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 9,030,000 shares, an increase of 23.0% from the December 31st total of 7,340,000 shares. Currently, 16.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,380,000 shares, the days-to-cover ratio is currently 6.5 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BTSG shares. Bank of America raised their price target on shares of BrightSpring Health Services from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. CJS Securities assumed coverage on shares of BrightSpring Health Services in a research report on Thursday, December 12th. They issued an “outperform” rating and a $27.00 target price for the company. UBS Group increased their price target on BrightSpring Health Services from $22.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley lifted their price objective on BrightSpring Health Services from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Finally, Wells Fargo & Company increased their target price on BrightSpring Health Services from $17.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, BrightSpring Health Services presently has a consensus rating of “Moderate Buy” and an average target price of $19.42.

Institutional Investors Weigh In On BrightSpring Health Services

A number of institutional investors have recently added to or reduced their stakes in the stock. L & S Advisors Inc bought a new position in shares of BrightSpring Health Services during the third quarter worth $1,247,000. Virtu Financial LLC bought a new position in shares of BrightSpring Health Services during the 3rd quarter valued at about $522,000. Assenagon Asset Management S.A. purchased a new position in shares of BrightSpring Health Services during the third quarter valued at about $1,822,000. LMR Partners LLP bought a new stake in shares of BrightSpring Health Services in the third quarter worth about $493,000. Finally, JPMorgan Chase & Co. lifted its position in shares of BrightSpring Health Services by 275.2% in the third quarter. JPMorgan Chase & Co. now owns 163,618 shares of the company’s stock worth $2,402,000 after buying an additional 120,005 shares in the last quarter.

BrightSpring Health Services Trading Down 2.6 %

Shares of BTSG stock opened at $23.60 on Friday. 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 stock has a fifty day simple moving average of $18.82 and a two-hundred day simple moving average of $15.99. The firm has a market capitalization of $4.11 billion and a PE ratio of -90.77. BrightSpring Health Services has a 52-week low of $7.85 and a 52-week high of $24.82.

BrightSpring Health Services (NASDAQ:BTSG) last released its earnings results on Friday, November 1st. The company reported $0.11 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $2.72 billion. The company’s quarterly revenue was up 28.8% compared to the same quarter last year. On average, analysts predict that BrightSpring Health Services will post 0.59 EPS for the current fiscal year.

About BrightSpring Health Services

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.