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

Teacher Retirement System of Texas grew its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 69.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 55,714 shares of the company’s stock after acquiring an additional 22,799 shares during the quarter. Teacher Retirement System of Texas’ holdings in BrightSpring Health Services were worth $1,647,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC bought a new position in shares of BrightSpring Health Services during the 2nd quarter valued at $43,000. CWM LLC lifted its stake in BrightSpring Health Services by 105.3% in the third quarter. CWM LLC now owns 1,595 shares of the company’s stock worth $47,000 after purchasing an additional 818 shares during the last quarter. Amalgamated Bank boosted its position in BrightSpring Health Services by 62.7% during the third quarter. Amalgamated Bank now owns 3,041 shares of the company’s stock valued at $90,000 after buying an additional 1,172 shares during the period. Sandia Investment Management LP bought a new position in shares of BrightSpring Health Services during the second quarter valued at about $118,000. Finally, Penserra Capital Management LLC bought a new position in shares of BrightSpring Health Services during the second quarter valued at about $139,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their target price on BrightSpring Health Services from $25.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. UBS Group boosted their price objective on BrightSpring Health Services from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Wall Street Zen lowered BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Wells Fargo & Company raised their target price on shares of BrightSpring Health Services from $39.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $46.00 price target on shares of BrightSpring Health Services in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, BrightSpring Health Services currently has an average rating of “Moderate Buy” and a consensus target price of $40.92.

BrightSpring Health Services Price Performance

Shares of BrightSpring Health Services stock opened at $39.27 on Friday. The business has a 50 day moving average of $37.61 and a 200 day moving average of $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 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. The company has a quick ratio of 1.38, a current ratio of 1.79 and a debt-to-equity ratio of 1.36.

BrightSpring Health Services Company Profile

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.