BrightSpring Health Services, Inc. (NASDAQ:BTSG) Short Interest Up 6.2% in December

BrightSpring Health Services, Inc. (NASDAQ:BTSG) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 7,340,000 shares, a growth of 6.2% from the November 30th total of 6,910,000 shares. Based on an average daily trading volume, of 1,430,000 shares, the days-to-cover ratio is presently 5.1 days. Approximately 13.2% of the shares of the company are short sold.

BrightSpring Health Services Price Performance

Shares of NASDAQ:BTSG traded up $0.02 during trading on Wednesday, reaching $17.03. The stock had a trading volume of 1,038,904 shares, compared to its average volume of 1,461,618. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. BrightSpring Health Services has a 1-year low of $7.85 and a 1-year high of $20.25. The stock has a market cap of $2.97 billion and a PE ratio of -65.50. The business has a fifty day moving average price of $17.99 and a 200-day moving average price of $14.64.

BrightSpring Health Services (NASDAQ:BTSG) last announced its earnings results on Friday, November 1st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.72 billion. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The firm’s revenue was up 28.8% on a year-over-year basis. On average, equities analysts forecast that BrightSpring Health Services will post 0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BTSG shares. KeyCorp initiated coverage on shares of BrightSpring Health Services in a research note on Friday, October 11th. They set a “sector weight” rating on the stock. BTIG Research raised their price target on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Wells Fargo & Company upped their price objective on shares of BrightSpring Health Services from $17.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Guggenheim increased their target price on shares of BrightSpring Health Services from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Mizuho lifted their price target on BrightSpring Health Services from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.65.

Institutional Trading of BrightSpring Health Services

Several large investors have recently bought and sold shares of BTSG. nVerses Capital LLC acquired a new position in shares of BrightSpring Health Services during the 2nd quarter worth approximately $55,000. Intech Investment Management LLC purchased a new stake in BrightSpring Health Services in the 3rd quarter valued at $159,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of BrightSpring Health Services in the 2nd quarter worth $126,000. Arizona State Retirement System purchased a new position in shares of BrightSpring Health Services during the 2nd quarter worth $163,000. Finally, American Century Companies Inc. acquired a new position in shares of BrightSpring Health Services during the 2nd quarter valued at about $216,000.

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.