Fmr LLC Has $376.41 Million Stock Holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Fmr LLC raised its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 21.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,102,490 shares of the company’s stock after purchasing an additional 3,933,303 shares during the quarter. Fmr LLC owned approximately 0.13% of BrightSpring Health Services worth $376,405,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Federated Hermes Inc. raised its holdings in shares of BrightSpring Health Services by 80.2% during the 4th quarter. Federated Hermes Inc. now owns 572,436 shares of the company’s stock valued at $9,749,000 after purchasing an additional 254,811 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in BrightSpring Health Services during the fourth quarter worth $188,000. Wells Fargo & Company MN lifted its position in shares of BrightSpring Health Services by 38.7% in the fourth quarter. Wells Fargo & Company MN now owns 63,155 shares of the company’s stock worth $1,076,000 after buying an additional 17,617 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of BrightSpring Health Services by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,311,204 shares of the company’s stock worth $22,335,000 after acquiring an additional 6,990 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of BrightSpring Health Services during the 4th quarter valued at about $26,065,000.

BrightSpring Health Services Price Performance

Shares of BTSG stock opened at $17.41 on Friday. BrightSpring Health Services, Inc. has a 12 month low of $9.98 and a 12 month high of $24.82. The company has a market capitalization of $3.05 billion, a P/E ratio of -66.96 and a beta of 2.02. The stock has a 50 day moving average of $19.06 and a two-hundred day moving average of $18.27. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BTSG shares. CJS Securities started coverage on BrightSpring Health Services in a report on Thursday, December 12th. They issued an “outperform” rating and a $27.00 target price for the company. Morgan Stanley raised their target price on shares of BrightSpring Health Services from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, 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 report on Wednesday, January 29th. 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, BrightSpring Health Services has a consensus rating of “Moderate Buy” and a consensus target price of $21.67.

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.