BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) major shareholder Phoenix Aggregator L.P. Kkr sold 2,100,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $21.15, for a total value of $44,415,000.00. Following the completion of the sale, the insider now directly owns 77,096,337 shares of the company's stock, valued at $1,630,587,527.55. The trade was a 2.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Phoenix Aggregator L.P. Kkr also recently made the following trade(s):
- On Thursday, June 12th, Phoenix Aggregator L.P. Kkr sold 13,288,101 shares of BrightSpring Health Services stock. The stock was sold at an average price of $21.15, for a total value of $281,043,336.15.
BrightSpring Health Services Price Performance
NASDAQ BTSG traded up $0.46 during trading hours on Friday, reaching $23.54. The company's stock had a trading volume of 6,956,602 shares, compared to its average volume of 1,616,971. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 84.07 and a beta of 2.58. BrightSpring Health Services, Inc. has a 1-year low of $10.15 and a 1-year high of $25.57. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.73 and a quick ratio of 1.37. The company's 50-day moving average is $21.81 and its two-hundred day moving average is $19.92.
BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.10. The company had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.74 billion. BrightSpring Health Services had a return on equity of 7.76% and a net margin of 0.49%. BrightSpring Health Services's quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. On average, equities analysts predict that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.
Hedge Funds Weigh In On BrightSpring Health Services
Large investors have recently bought and sold shares of the business. Voya Investment Management LLC raised its holdings in shares of BrightSpring Health Services by 9.0% during the first quarter. Voya Investment Management LLC now owns 199,711 shares of the company's stock valued at $3,613,000 after acquiring an additional 16,434 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of BrightSpring Health Services by 4.8% during the first quarter. Rhumbline Advisers now owns 77,100 shares of the company's stock valued at $1,395,000 after acquiring an additional 3,517 shares during the last quarter. Strs Ohio acquired a new position in shares of BrightSpring Health Services during the first quarter valued at approximately $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of BrightSpring Health Services by 11.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,280 shares of the company's stock valued at $2,664,000 after acquiring an additional 14,586 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of BrightSpring Health Services by 0.3% during the first quarter. Millennium Management LLC now owns 577,885 shares of the company's stock valued at $10,454,000 after acquiring an additional 1,967 shares during the last quarter.
Analysts Set New Price Targets
A number of analysts have commented on the company. Wells Fargo & Company lifted their price target on BrightSpring Health Services from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Morgan Stanley boosted their price objective on BrightSpring Health Services from $20.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Mizuho set a $26.00 price objective on BrightSpring Health Services in a report on Monday, May 5th. Finally, TD Cowen began coverage on BrightSpring Health Services in a report on Monday, June 23rd. They issued a "buy" rating and a $37.00 price objective for the company. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.90.
Check Out Our Latest Analysis on BrightSpring Health Services
About BrightSpring Health Services
(
Get Free Report)
BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.
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