BrightSpring Health Services, Inc. (NASDAQ:BTSG) Shares Acquired by Legato Capital Management LLC

Legato Capital Management LLC lifted its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 40.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 66,910 shares of the company’s stock after purchasing an additional 19,120 shares during the period. Legato Capital Management LLC’s holdings in BrightSpring Health Services were worth $1,139,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. R Squared Ltd purchased a new position in BrightSpring Health Services in the 4th quarter worth approximately $74,000. Intech Investment Management LLC acquired a new stake in shares of BrightSpring Health Services in the third quarter valued at approximately $159,000. nVerses Capital LLC lifted its position in BrightSpring Health Services by 195.8% during the third quarter. nVerses Capital LLC now owns 14,200 shares of the company’s stock worth $208,000 after buying an additional 9,400 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in BrightSpring Health Services by 5.0% during the third quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company’s stock worth $313,000 after buying an additional 1,011 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in BrightSpring Health Services in the 3rd quarter valued at $360,000.

BrightSpring Health Services Stock Performance

NASDAQ BTSG opened at $21.67 on Thursday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 0.97. The company has a market cap of $3.77 billion and a P/E ratio of -83.35. The stock has a 50-day moving average of $19.40 and a two-hundred day moving average of $16.58. BrightSpring Health Services, Inc. has a 1-year low of $7.85 and a 1-year high of $24.82.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Bank of America lifted their price target on BrightSpring Health Services from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. UBS Group lifted 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. CJS Securities began coverage on shares of BrightSpring Health Services in a report on Thursday, December 12th. They set an “outperform” rating and a $27.00 price target for the company. Wells Fargo & Company upped their price objective on BrightSpring Health Services from $17.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley raised their target price 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. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.42.

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.