BI Asset Management Fondsmaeglerselskab A S Takes Position in BrightSpring Health Services, Inc. $BTSG

BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 144,037 shares of the company’s stock, valued at approximately $5,394,000.

A number of other hedge funds have also bought and sold shares of BTSG. Prescott Group Capital Management L.L.C. bought a new stake in shares of BrightSpring Health Services in the third quarter worth about $887,000. Vanguard Group Inc. raised its position in shares of BrightSpring Health Services by 6.4% during the third quarter. Vanguard Group Inc. now owns 9,604,703 shares of the company’s stock worth $283,915,000 after purchasing an additional 576,906 shares during the period. 8 Knots Management LLC bought a new position in shares of BrightSpring Health Services during the 3rd quarter valued at about $51,244,000. Victory Capital Management Inc. grew its position in shares of BrightSpring Health Services by 551.3% in the 3rd quarter. Victory Capital Management Inc. now owns 726,878 shares of the company’s stock valued at $21,487,000 after purchasing an additional 615,280 shares during the period. Finally, Iron Triangle Partners LP grew its position in shares of BrightSpring Health Services by 3.2% in the 3rd quarter. Iron Triangle Partners LP now owns 1,238,520 shares of the company’s stock valued at $36,611,000 after purchasing an additional 38,520 shares during the period.

BrightSpring Health Services Price Performance

NASDAQ BTSG opened at $57.40 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.74 and a debt-to-equity ratio of 1.24. BrightSpring Health Services, Inc. has a 12-month low of $19.01 and a 12-month high of $62.11. The company has a market capitalization of $11.32 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 0.74 and a beta of 1.87. The firm’s 50 day moving average is $51.25 and its 200-day moving average is $43.07.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Zacks Research upgraded shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Cantor Fitzgerald set a $49.00 price target on shares of BrightSpring Health Services in a report on Monday, March 2nd. Weiss Ratings upgraded shares of BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Leerink Partners reaffirmed an “outperform” rating and issued a $49.00 price objective on shares of BrightSpring Health Services in a research report on Wednesday, March 18th. Finally, TD Cowen upped their target price on shares of BrightSpring Health Services from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $57.64.

Insider Transactions at BrightSpring Health Services

In other news, insider Jon B. Rousseau sold 130,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $58.75, for a total value of $7,637,500.00. Following the completion of the transaction, the insider owned 1,194,503 shares in the company, valued at $70,177,051.25. This trade represents a 9.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa A. Nalley sold 35,000 shares of BrightSpring Health Services stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $58.75, for a total value of $2,056,250.00. Following the completion of the sale, the insider directly owned 131,948 shares in the company, valued at approximately $7,751,945. This represents a 20.96% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.80% of the company’s stock.

BrightSpring Health Services 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.