The Manufacturers Life Insurance Company Acquires 15,154 Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG)

The Manufacturers Life Insurance Company grew its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 7.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 211,361 shares of the company’s stock after purchasing an additional 15,154 shares during the period. The Manufacturers Life Insurance Company’s holdings in BrightSpring Health Services were worth $3,599,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BTSG. Quarry LP acquired a new stake in BrightSpring Health Services in the fourth quarter valued at about $29,000. Voya Investment Management LLC boosted its stake in shares of BrightSpring Health Services by 931.8% in the 4th quarter. Voya Investment Management LLC now owns 183,277 shares of the company’s stock valued at $3,121,000 after purchasing an additional 165,515 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in shares of BrightSpring Health Services during the 4th quarter valued at approximately $26,958,000. Price T Rowe Associates Inc. MD increased its position in BrightSpring Health Services by 13.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,698,629 shares of the company’s stock worth $45,959,000 after purchasing an additional 328,977 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in BrightSpring Health Services by 4.9% in the 4th quarter. MetLife Investment Management LLC now owns 33,117 shares of the company’s stock valued at $564,000 after purchasing an additional 1,548 shares during the last quarter.

BrightSpring Health Services Trading Down 2.3 %

Shares of BTSG stock opened at $22.52 on Friday. The stock has a 50-day moving average of $17.87 and a 200-day moving average of $18.65. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of -86.60 and a beta of 2.06. BrightSpring Health Services, Inc. has a 1-year low of $10.15 and a 1-year high of $24.82.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.10. BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same quarter last year, the business earned $0.12 EPS. The company’s revenue was up 25.9% compared to the same quarter last year. On average, equities research analysts forecast that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BTSG shares. UBS Group boosted their target price on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Mizuho set a $26.00 price objective on BrightSpring Health Services in a research report on Monday. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.33.

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.