BrightSpring Health Services, Inc. $BTSG Stock Holdings Lifted by Alta Fox Capital Management LLC

Alta Fox Capital Management LLC increased its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 168.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,237,500 shares of the company’s stock after buying an additional 776,975 shares during the quarter. BrightSpring Health Services comprises approximately 10.0% of Alta Fox Capital Management LLC’s portfolio, making the stock its 5th largest position. Alta Fox Capital Management LLC owned about 0.69% of BrightSpring Health Services worth $46,344,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP raised its position in shares of BrightSpring Health Services by 33.0% during the 4th quarter. Marshall Wace LLP now owns 1,687,215 shares of the company’s stock valued at $63,186,000 after buying an additional 418,935 shares during the period. Stifel Financial Corp purchased a new stake in shares of BrightSpring Health Services during the fourth quarter worth $415,000. Public Sector Pension Investment Board purchased a new stake in shares of BrightSpring Health Services during the fourth quarter worth $14,727,000. First Trust Advisors LP grew its stake in shares of BrightSpring Health Services by 0.5% during the fourth quarter. First Trust Advisors LP now owns 481,436 shares of the company’s stock worth $18,030,000 after purchasing an additional 2,544 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of BrightSpring Health Services during the fourth quarter worth $338,000.

Insider Buying and Selling

In other BrightSpring Health Services news, insider Jon B. 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 transaction, the insider owned 1,194,503 shares of the company’s stock, valued at $70,177,051.25. This trade represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lisa A. Nalley sold 35,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $58.75, for a total transaction of $2,056,250.00. Following the completion of the transaction, 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. Company insiders own 2.80% of the company’s stock.

BrightSpring Health Services Stock Up 0.2%

BTSG stock opened at $63.23 on Friday. BrightSpring Health Services, Inc. has a 12 month low of $19.01 and a 12 month high of $64.18. The company’s 50 day simple moving average is $53.17 and its 200-day simple moving average is $44.00. The firm has a market capitalization of $12.47 billion, a PE ratio of 44.84, a P/E/G ratio of 0.82 and a beta of 1.87. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.74 and a quick ratio of 1.38.

BrightSpring Health Services (NASDAQ:BTSG) last announced its 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. BrightSpring Health Services had a net margin of 2.27% and a return on equity of 14.63%. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the business earned $0.14 earnings per share. BrightSpring Health Services’s revenue was up 25.6% compared to the same quarter last year. Equities analysts expect that BrightSpring Health Services, Inc. will post 1.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on BTSG shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $60.00 price objective on shares of BrightSpring Health Services in a research note on Monday, May 4th. Leerink Partners reaffirmed an “outperform” rating and issued a $49.00 target price on shares of BrightSpring Health Services in a report on Wednesday, March 18th. Wall Street Zen cut shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 23rd. Cantor Fitzgerald set a $49.00 price target on shares of BrightSpring Health Services in a report on Monday, March 2nd. Finally, Zacks Research raised shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $58.53.

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.