Sterling Capital Management LLC Sells 22,899 Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Sterling Capital Management LLC trimmed its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 20.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,909 shares of the company’s stock after selling 22,899 shares during the period. Sterling Capital Management LLC owned about 0.05% of BrightSpring Health Services worth $1,497,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in BrightSpring Health Services by 5.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company’s stock valued at $313,000 after purchasing an additional 1,011 shares during the last quarter. State Street Corp raised its holdings in shares of BrightSpring Health Services by 7.4% during the third quarter. State Street Corp now owns 1,239,628 shares of the company’s stock valued at $18,198,000 after acquiring an additional 85,464 shares in the last quarter. Barclays PLC lifted its stake in BrightSpring Health Services by 22.2% in the third quarter. Barclays PLC now owns 393,725 shares of the company’s stock worth $5,780,000 after acquiring an additional 71,633 shares during the period. Geode Capital Management LLC boosted its holdings in BrightSpring Health Services by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,304,214 shares of the company’s stock valued at $19,150,000 after acquiring an additional 7,750 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in BrightSpring Health Services during the 3rd quarter valued at $522,000.

BrightSpring Health Services Stock Performance

BrightSpring Health Services stock opened at $17.10 on Tuesday. The stock’s 50 day moving average is $18.80 and its 200 day moving average is $18.32. The company has a market capitalization of $2.99 billion, a P/E ratio of -65.77 and a beta of 2.02. BrightSpring Health Services, Inc. has a twelve month low of $10.03 and a twelve month high of $24.82. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.63.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BTSG. UBS Group raised 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 lifted their price objective on BrightSpring Health Services from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, BrightSpring Health Services presently has an average rating of “Moderate Buy” and an average target price of $21.67.

BrightSpring Health Services 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.