Dimensional Fund Advisors LP Has $123.25 Million Position in BrightSpring Health Services, Inc. $BTSG

Dimensional Fund Advisors LP trimmed its stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 7.0% during the first quarter, Holdings Channel reports. The firm owned 2,892,779 shares of the company’s stock after selling 218,801 shares during the period. Dimensional Fund Advisors LP’s holdings in BrightSpring Health Services were worth $123,245,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BTSG. NBC Securities Inc. acquired a new stake in BrightSpring Health Services during the 4th quarter valued at $29,000. Salomon & Ludwin LLC bought a new stake in BrightSpring Health Services during the 4th quarter worth approximately $30,000. GHP Investment Advisors Inc. acquired a new stake in shares of BrightSpring Health Services during the first quarter worth $31,000. EverSource Wealth Advisors LLC acquired a new stake in shares of BrightSpring Health Services in the 2nd quarter valued at about $43,000. Finally, Farther Finance Advisors LLC lifted its stake in BrightSpring Health Services by 112.8% in 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley increased their price objective on shares of BrightSpring Health Services from $71.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. UBS Group raised their price objective on shares of BrightSpring Health Services from $63.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. BTIG Research boosted their target price on shares of BrightSpring Health Services from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Weiss Ratings upgraded BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Finally, Bank of America upped their price objective on shares of BrightSpring Health Services from $66.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $70.12.

BrightSpring Health Services Trading Down 1.3%

Shares of BTSG stock opened at $71.98 on Tuesday. The stock’s fifty day simple moving average is $65.52 and its 200 day simple moving average is $51.11. The firm has a market capitalization of $14.20 billion, a P/E ratio of 51.05, a P/E/G ratio of 0.92 and a beta of 1.79. BrightSpring Health Services, Inc. has a twelve month low of $19.01 and a twelve month high of $73.75. 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 (NASDAQ:BTSG) last posted 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. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. BrightSpring Health Services had a net margin of 2.27% and a return on equity of 14.63%. The firm’s revenue was up 25.6% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. As a group, sell-side analysts predict that BrightSpring Health Services, Inc. will post 1.7 EPS for the current fiscal year.

Insider Activity at BrightSpring Health Services

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

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.