New Mexico Educational Retirement Board Acquires New Stake in BrightSpring Health Services, Inc. $BTSG

New Mexico Educational Retirement Board acquired a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 33,200 shares of the company’s stock, valued at approximately $1,884,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. WESPAC Advisors LLC lifted its position in shares of BrightSpring Health Services by 1.9% during the 3rd quarter. WESPAC Advisors LLC now owns 11,942 shares of the company’s stock valued at $678,000 after buying an additional 228 shares during the last quarter. Allworth Financial LP grew its stake in shares of BrightSpring Health Services by 179.3% during the 2nd quarter. Allworth Financial LP now owns 405 shares of the company’s stock worth $28,000 after acquiring an additional 260 shares during the period. Hohimer Wealth Management LLC increased its holdings in BrightSpring Health Services by 4.8% in the 3rd quarter. Hohimer Wealth Management LLC now owns 6,281 shares of the company’s stock worth $356,000 after acquiring an additional 285 shares during the last quarter. State of Wyoming increased its holdings in BrightSpring Health Services by 4.5% in the 1st quarter. State of Wyoming now owns 7,776 shares of the company’s stock worth $331,000 after acquiring an additional 336 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in BrightSpring Health Services by 204.5% in the 2nd quarter. IFP Advisors Inc now owns 606 shares of the company’s stock worth $42,000 after acquiring an additional 407 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BTSG. KeyCorp restated an “overweight” rating on shares of BrightSpring Health Services in a research note on Monday, August 3rd. UBS Group increased their target price on shares of BrightSpring Health Services from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, November 2nd. BTIG Research reiterated a “buy” rating and set a $90.00 target price on shares of BrightSpring Health Services in a research report on Thursday, August 13th. Wells Fargo & Company lifted their target price on shares of BrightSpring Health Services from $78.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. Finally, Leerink Partners boosted their price target on shares of BrightSpring Health Services from $72.00 to $92.00 and gave the company an “outperform” rating in a research report on Monday, November 2nd. Two investment analysts have rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $77.81.

BrightSpring Health Services Price Performance

Shares of NASDAQ BTSG opened at $72.62 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.62. BrightSpring Health Services, Inc. has a fifty-two week low of $30.64 and a fifty-two week high of $73.75. The stock has a market cap of $14.45 billion, a PE ratio of 39.25, a price-to-earnings-growth ratio of 0.79 and a beta of 1.77. The stock has a fifty day moving average of $61.51 and a 200-day moving average of $55.74.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings data on Friday, October 30th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.07. BrightSpring Health Services had a return on equity of 18.56% and a net margin of 2.69%. The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $3.88 billion. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. Equities research analysts anticipate that BrightSpring Health Services, Inc. will post 1.70 earnings per share for the current year.

BrightSpring Health Services Profile

BrightSpring Health Services is a provider of home- and community-based health services in the United States. The company supports people with complex health needs, including individuals with intellectual and developmental disabilities, behavioral health conditions, and chronic or age-related illnesses. Its services include home health and hospice care, behavioral health and rehabilitation, residential and community-based support, and pharmacy services. BrightSpring’s pharmacy operations provide prescription dispensing and related services to people receiving care in homes, community settings, and long-term care facilities.