Teacher Retirement System of Texas Buys 22,799 Shares of BrightSpring Health Services, Inc. $BTSG

Teacher Retirement System of Texas boosted its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 69.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,714 shares of the company’s stock after purchasing an additional 22,799 shares during the quarter. Teacher Retirement System of Texas’ holdings in BrightSpring Health Services were worth $1,647,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in shares of BrightSpring Health Services by 47.7% in the second quarter. Invesco Ltd. now owns 9,119,408 shares of the company’s stock worth $215,127,000 after buying an additional 2,946,811 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in BrightSpring Health Services by 936.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,276,583 shares of the company’s stock worth $53,705,000 after acquiring an additional 2,056,920 shares during the period. Jane Street Group LLC increased its holdings in BrightSpring Health Services by 855.4% during the 2nd quarter. Jane Street Group LLC now owns 2,076,730 shares of the company’s stock worth $48,990,000 after acquiring an additional 1,859,369 shares during the period. Voya Investment Management LLC lifted its stake in BrightSpring Health Services by 556.1% in the 3rd quarter. Voya Investment Management LLC now owns 1,343,775 shares of the company’s stock worth $39,722,000 after purchasing an additional 1,138,965 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in BrightSpring Health Services by 106.3% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,938,547 shares of the company’s stock valued at $45,730,000 after purchasing an additional 999,018 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BTSG. Bank of America boosted their price target on shares of BrightSpring Health Services from $38.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Stephens began coverage on BrightSpring Health Services in a research report on Wednesday, December 10th. They set an “overweight” rating and a $44.00 target price for the company. William Blair assumed coverage on BrightSpring Health Services in a research note on Monday, December 8th. They issued an “outperform” rating on the stock. UBS Group raised their price target on BrightSpring Health Services from $35.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, BTIG Research boosted their price objective on BrightSpring Health Services from $41.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, BrightSpring Health Services currently has an average rating of “Moderate Buy” and an average price target of $40.92.

BrightSpring Health Services Stock Down 1.4%

BTSG opened at $39.27 on Friday. The business’s fifty day simple moving average is $37.61 and its 200 day simple moving average is $30.63. BrightSpring Health Services, Inc. has a 52 week low of $15.48 and a 52 week high of $41.03. The company has a quick ratio of 1.38, a current ratio of 1.79 and a debt-to-equity ratio of 1.36. The stock has a market cap of $7.08 billion, a PE ratio of 64.38, a P/E/G ratio of 0.54 and a beta of 2.35.

About BrightSpring Health Services

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.