Fintel reports that on December 12, 2024, CJS Securities initiated coverage of BrightSpring Health Services (NasdaqGS:BTSG) with a Market Outperform recommendation.
Analyst Price Forecast Suggests 19.27% Upside
As of December 3, 2024, the average one-year price target for BrightSpring Health Services is $21.42/share. The forecasts range from a low of $19.19 to a high of $24.15. The average price target represents an increase of 19.27% from its latest reported closing price of $17.96 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for BrightSpring Health Services is 9,643MM, a decrease of 8.93%. The projected annual non-GAAP EPS is 0.61.
What is the Fund Sentiment?
There are 291 funds or institutions reporting positions in BrightSpring Health Services. This is an increase of 61 owner(s) or 26.52% in the last quarter. Average portfolio weight of all funds dedicated to BTSG is 0.25%, an increase of 11.10%. Total shares owned by institutions decreased in the last three months by 0.14% to 205,946K shares. 
The put/call ratio of BTSG is 0.24, indicating a bullish outlook.
What are Other Shareholders Doing?
Kohlberg Kravis Roberts & Co. holds 92,960K shares representing 53.39% ownership of the company. In its prior filing, the firm reported owning 81,340K shares , representing an increase of 12.50%. The firm decreased its portfolio allocation in BTSG by 34.21% over the last quarter.
Walgreens Boots Alliance holds 23,240K shares representing 13.35% ownership of the company. In its prior filing, the firm reported owning 34,860K shares , representing a decrease of 50.00%. The firm increased its portfolio allocation in BTSG by 5.01% over the last quarter.
Alliancebernstein holds 5,802K shares representing 3.33% ownership of the company. In its prior filing, the firm reported owning 5,779K shares , representing an increase of 0.40%. The firm increased its portfolio allocation in BTSG by 69.96% over the last quarter.
8 Knots Management holds 5,778K shares representing 3.32% ownership of the company. In its prior filing, the firm reported owning 8,212K shares , representing a decrease of 42.12%. The firm increased its portfolio allocation in BTSG by 11.25% over the last quarter.
Invesco holds 4,337K shares representing 2.49% ownership of the company. In its prior filing, the firm reported owning 4,490K shares , representing a decrease of 3.54%. The firm decreased its portfolio allocation in BTSG by 90.20% over the last quarter.
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