Alliancebernstein L.P. Has $91.69 Million Holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Alliancebernstein L.P. decreased its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 7.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,384,217 shares of the company’s stock after selling 418,009 shares during the period. Alliancebernstein L.P.’s holdings in BrightSpring Health Services were worth $91,693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. R Squared Ltd bought a new stake in BrightSpring Health Services in the 4th quarter valued at $74,000. Intech Investment Management LLC bought a new stake in shares of BrightSpring Health Services in the third quarter valued at about $159,000. KLP Kapitalforvaltning AS acquired a new position in shares of BrightSpring Health Services in the fourth quarter valued at about $206,000. Teacher Retirement System of Texas bought a new position in BrightSpring Health Services during the fourth quarter worth about $234,000. Finally, BNP Paribas Financial Markets raised its stake in BrightSpring Health Services by 5.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company’s stock worth $313,000 after purchasing an additional 1,011 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BTSG. UBS Group increased 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 report on Wednesday, January 29th. Morgan Stanley raised their price objective on BrightSpring Health Services from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. CJS Securities assumed coverage on BrightSpring Health Services in a research report on Thursday, December 12th. They set an “outperform” rating and a $27.00 target price for the company. Finally, Bank of America raised their price target on BrightSpring Health Services from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, BrightSpring Health Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.67.

BrightSpring Health Services Price Performance

BrightSpring Health Services stock opened at $17.78 on Friday. The stock has a fifty day moving average of $19.93 and a 200-day moving average of $18.15. BrightSpring Health Services, Inc. has a 52 week low of $9.98 and a 52 week high of $24.82. 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 market capitalization of $3.11 billion, a P/E ratio of -68.38 and a beta of 2.20.

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.