Jon Rousseau Sells 130,000 Shares of BrightSpring Health Services (NASDAQ:BTSG) Stock

BrightSpring Health Services, Inc. (NASDAQ:BTSG) insider Jon Rousseau sold 130,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $58.75, for a total transaction of $7,637,500.00. Following the sale, the insider directly owned 1,194,503 shares of the company’s stock, valued at $70,177,051.25. This represents a 9.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

BrightSpring Health Services Price Performance

BrightSpring Health Services stock opened at $57.40 on Friday. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 0.74 and a beta of 1.87. BrightSpring Health Services, Inc. has a 52-week low of $19.01 and a 52-week high of $62.11. The stock’s 50 day moving average price is $51.25 and its two-hundred day moving average price is $42.99. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.38 and a current ratio of 1.74.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.39 billion. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. On average, equities analysts predict that BrightSpring Health Services, Inc. will post 1.67 earnings per share for the current year.

Hedge Funds Weigh In On BrightSpring Health Services

Large investors have recently bought and sold shares of the stock. GHP Investment Advisors Inc. bought a new position in BrightSpring Health Services during the 1st quarter valued at $31,000. NBC Securities Inc. bought a new position in BrightSpring Health Services during the 4th quarter valued at $29,000. Salomon & Ludwin LLC bought a new position in BrightSpring Health Services during the 4th quarter valued at $30,000. Meeder Asset Management Inc. bought a new position in BrightSpring Health Services during the 1st quarter valued at $52,000. Finally, Farther Finance Advisors LLC lifted its stake in BrightSpring Health Services by 112.8% during the 4th 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 in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BTSG. Wells Fargo & Company increased their price target on BrightSpring Health Services from $50.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Zacks Research upgraded BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Morgan Stanley increased their price target on BrightSpring Health Services from $62.00 to $71.00 and gave the stock an “overweight” rating in a report on Tuesday. BTIG Research increased their price target on BrightSpring Health Services from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $60.00 price target on shares of BrightSpring Health Services in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $57.64.

BrightSpring Health Services Company Profile

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.