Lisa Nalley Sells 35,000 Shares of BrightSpring Health Services (NASDAQ:BTSG) Stock

BrightSpring Health Services, Inc. (NASDAQ:BTSG) insider Lisa Nalley sold 35,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $58.75, for a total transaction of $2,056,250.00. Following the completion of the sale, the insider owned 131,948 shares in the company, valued at approximately $7,751,945. The trade was a 20.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

BrightSpring Health Services Price Performance

Shares of BTSG stock opened at $57.40 on Friday. The stock has a market cap of $11.32 billion, a P/E 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 company has a quick ratio of 1.38, a current ratio of 1.74 and a debt-to-equity ratio of 1.24. The company’s fifty day simple moving average is $51.25 and its two-hundred day simple moving average is $42.99.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly 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 analysts’ expectations of $3.39 billion. BrightSpring Health Services had a net margin of 2.27% and a return on equity of 14.63%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. Analysts predict that BrightSpring Health Services, Inc. will post 1.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BTSG. UBS Group boosted their price target on shares of BrightSpring Health Services from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Morgan Stanley boosted their price target on shares of BrightSpring Health Services from $62.00 to $71.00 and gave the stock an “overweight” rating in a research note on Tuesday. Wall Street Zen cut shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 23rd. Cantor Fitzgerald set a $49.00 price target on shares of BrightSpring Health Services in a research note on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $60.00 price target on shares of BrightSpring Health Services in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. According to MarketBeat.com, BrightSpring Health Services currently has an average rating of “Buy” and a consensus price target of $57.64.

Institutional Trading of BrightSpring Health Services

Large investors have recently made changes to their positions in the business. Prescott Group Capital Management L.L.C. bought a new stake in shares of BrightSpring Health Services in the 3rd quarter worth about $887,000. Vanguard Group Inc. increased its holdings in shares of BrightSpring Health Services by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 9,604,703 shares of the company’s stock worth $283,915,000 after buying an additional 576,906 shares during the last quarter. 8 Knots Management LLC bought a new stake in shares of BrightSpring Health Services in the 3rd quarter worth about $51,244,000. Victory Capital Management Inc. increased its holdings 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 worth $21,487,000 after buying an additional 615,280 shares during the last quarter. Finally, Iron Triangle Partners LP increased its holdings 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 worth $36,611,000 after buying an additional 38,520 shares during the last quarter.

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.