Handelsbanken Fonder AB Purchases 17,800 Shares of BrightSpring Health Services, Inc. $BTSG

Handelsbanken Fonder AB lifted its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 211.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 26,200 shares of the company’s stock after buying an additional 17,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in BrightSpring Health Services were worth $981,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BTSG. NBC Securities Inc. bought a new stake in BrightSpring Health Services in the fourth quarter valued at approximately $29,000. Salomon & Ludwin LLC bought a new stake in BrightSpring Health Services in the fourth quarter valued at approximately $30,000. EverSource Wealth Advisors LLC bought a new stake in BrightSpring Health Services in the second quarter valued at approximately $43,000. Farther Finance Advisors LLC boosted its holdings in BrightSpring Health Services by 112.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company’s stock valued at $64,000 after acquiring an additional 910 shares during the last quarter. Finally, CWM LLC boosted its holdings in BrightSpring Health Services by 17.5% in the fourth quarter. CWM LLC now owns 1,874 shares of the company’s stock valued at $70,000 after acquiring an additional 279 shares during the last quarter.

Insider Buying and Selling at BrightSpring Health Services

In other BrightSpring Health Services news, insider Jon B. Rousseau sold 220,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total value of $9,053,000.00. Following the transaction, the insider directly owned 1,023,880 shares of the company’s stock, valued at approximately $42,132,662. The trade was a 17.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jennifer A. Phipps sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total value of $1,440,250.00. Following the completion of the transaction, the chief financial officer directly owned 196,840 shares in the company, valued at approximately $8,099,966. This trade represents a 15.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 285,000 shares of company stock valued at $11,727,750. 2.80% of the stock is currently owned by company insiders.

BrightSpring Health Services Price Performance

Shares of BTSG opened at $60.32 on Wednesday. BrightSpring Health Services, Inc. has a 52-week low of $19.01 and a 52-week high of $60.48. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.38 and a current ratio of 1.74. The business’s 50 day moving average price is $48.48 and its two-hundred day moving average price is $41.55. The firm has a market cap of $11.70 billion, a PE ratio of 42.78, a price-to-earnings-growth ratio of 0.77 and a beta of 1.71.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.10. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the previous year, the firm earned $0.14 earnings per share. The company’s revenue was up 25.6% compared to the same quarter last year. On average, equities analysts anticipate that BrightSpring Health Services, Inc. will post 1.64 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on BTSG shares. Morgan Stanley upped their target price on BrightSpring Health Services from $48.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. UBS Group upped their target price on BrightSpring Health Services from $53.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. KeyCorp upped their target price on BrightSpring Health Services from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Cantor Fitzgerald set a $49.00 target price on BrightSpring Health Services in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $57.00.

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.