Teacher Retirement System of Texas Buys Shares of 13,718 BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Teacher Retirement System of Texas purchased a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,718 shares of the company’s stock, valued at approximately $234,000.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC grew its position in BrightSpring Health Services by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,304,214 shares of the company’s stock worth $19,150,000 after acquiring an additional 7,750 shares during the last quarter. State Street Corp boosted its stake 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 purchasing an additional 85,464 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of BrightSpring Health Services during the fourth quarter worth about $18,257,000. Charles Schwab Investment Management Inc. increased its stake in shares of BrightSpring Health Services by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,993 shares of the company’s stock valued at $7,680,000 after buying an additional 10,658 shares during the period. Finally, Barclays PLC raised its holdings in BrightSpring Health Services by 22.2% in the 3rd quarter. Barclays PLC now owns 393,725 shares of the company’s stock valued at $5,780,000 after buying an additional 71,633 shares during the last quarter.

BrightSpring Health Services Stock Performance

Shares of BTSG opened at $17.94 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. The firm’s fifty day simple moving average is $20.06 and its two-hundred day simple moving average is $18.15. BrightSpring Health Services, Inc. has a 12 month low of $9.98 and a 12 month high of $24.82. The stock has a market capitalization of $3.14 billion, a P/E ratio of -69.00 and a beta of 2.20.

Analyst Upgrades and Downgrades

BTSG has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of BrightSpring Health Services from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. CJS Securities began coverage on shares of BrightSpring Health Services in a research note on Thursday, December 12th. They issued an “outperform” rating and a $27.00 price objective on the stock. Bank of America raised their target price on BrightSpring Health Services from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, UBS Group upped their price target on BrightSpring Health Services from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.67.

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.