Persistent Asset Partners Ltd Acquires Shares of 76,060 BrightSpring Health Services, Inc. $BTSG

Persistent Asset Partners Ltd bought a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the 3rd quarter, Holdings Channel.com reports. The fund bought 76,060 shares of the company’s stock, valued at approximately $2,248,000. BrightSpring Health Services makes up 1.5% of Persistent Asset Partners Ltd’s investment portfolio, making the stock its 15th largest holding.

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

BrightSpring Health Services Trading Down 0.9%

NASDAQ BTSG opened at $40.80 on Friday. The stock’s 50 day moving average is $38.63 and its 200 day moving average is $32.40. The firm has a market capitalization of $7.36 billion, a PE ratio of 66.89, a P/E/G ratio of 0.55 and a beta of 2.36. 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, Inc. has a twelve month low of $15.48 and a twelve month high of $41.40.

Wall Street Analyst Weigh In

Several research firms have commented on BTSG. Weiss Ratings reiterated a “hold (c)” rating on shares of BrightSpring Health Services in a research report on Monday, December 29th. William Blair began coverage on BrightSpring Health Services in a research note on Monday, December 8th. They set an “outperform” rating for the company. KeyCorp upgraded shares of BrightSpring Health Services from a “sector weight” rating to an “overweight” rating and set a $45.00 target price for the company in a report on Friday, December 12th. TD Cowen restated a “buy” rating on shares of BrightSpring Health Services in a report on Tuesday, January 27th. Finally, Mizuho set a $45.00 price objective on shares of BrightSpring Health Services in a report on Friday, January 9th. One 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.33.

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.