Deutsche Bank AG bought a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 172,321 shares of the company's stock, valued at approximately $12,018,000. Deutsche Bank AG owned 0.09% of BrightSpring Health Services at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in BTSG. CWM LLC raised its position in BrightSpring Health Services by 17.5% during the fourth quarter. CWM LLC now owns 1,874 shares of the company's stock valued at $70,000 after acquiring an additional 279 shares in the last quarter. State of Wyoming grew its position in shares of BrightSpring Health Services by 4.5% during the 1st quarter. State of Wyoming now owns 7,776 shares of the company's stock valued at $331,000 after acquiring an additional 336 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of BrightSpring Health Services by 17.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,826 shares of the company's stock valued at $143,000 after acquiring an additional 565 shares during the period. Moran Wealth Management LLC increased its stake in shares of BrightSpring Health Services by 9.0% in the 1st quarter. Moran Wealth Management LLC now owns 6,925 shares of the company's stock valued at $295,000 after purchasing an additional 572 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in shares of BrightSpring Health Services in the 1st quarter valued at about $31,000.
Analyst Ratings Changes
BTSG has been the topic of several research analyst reports. Bank of America raised their price objective on BrightSpring Health Services from $66.00 to $77.00 and gave the company a "buy" rating in a report on Thursday, July 2nd. Morgan Stanley upped 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 report on Tuesday, July 14th. Mizuho boosted their target price on shares of BrightSpring Health Services from $52.00 to $61.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 5th. The Goldman Sachs Group assumed coverage on BrightSpring Health Services in a report on Monday, June 8th. They issued a "buy" rating and a $71.00 price objective on the stock. Finally, KeyCorp restated an "overweight" rating on shares of BrightSpring Health Services in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the company. According to MarketBeat, BrightSpring Health Services currently has a consensus rating of "Buy" and an average target price of $70.71.
Read Our Latest Research Report on BTSG
Insider Buying and Selling
In other BrightSpring Health Services news, insider Lisa A. Nalley sold 35,000 shares of BrightSpring Health Services stock in a transaction 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 owned 131,948 shares in the company, valued at $7,751,945. The trade was a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jon B. Rousseau sold 130,000 shares of the company'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 transaction of $7,637,500.00. Following the completion of the transaction, the insider owned 1,194,503 shares in the company, valued at approximately $70,177,051.25. This represents a 9.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.80% of the stock is owned by company insiders.
BrightSpring Health Services Stock Down 1.1%
Shares of BTSG opened at $58.87 on Friday. BrightSpring Health Services, Inc. has a 52-week low of $22.86 and a 52-week high of $73.75. The company has a market capitalization of $11.65 billion, a PE ratio of 35.46, a price-to-earnings-growth ratio of 0.72 and a beta of 1.88. The stock has a fifty day simple moving average of $66.45 and a two-hundred day simple moving average of $54.09. The company has a quick ratio of 1.22, a current ratio of 1.59 and a debt-to-equity ratio of 1.06.
BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. BrightSpring Health Services had a net margin of 2.55% and a return on equity of 16.73%. The firm had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.66 billion. During the same quarter in the previous year, the company posted $0.22 EPS. The company's revenue was up 23.0% compared to the same quarter last year. As a group, equities analysts forecast that BrightSpring Health Services, Inc. will post 1.82 EPS for the current year.
About BrightSpring Health Services
(
Free Report)
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.
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Want to see what other hedge funds are holding BTSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report).
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