Allspring Global Investments Holdings LLC Makes New $756,000 Investment in BrightSpring Health Services, Inc. $BTSG

Allspring Global Investments Holdings LLC acquired a new position 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 institutional investor acquired 32,061 shares of the company's stock, valued at approximately $756,000.

Other large investors also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in BrightSpring Health Services by 273,666.7% during the first quarter. IFP Advisors Inc now owns 8,213 shares of the company's stock worth $149,000 after acquiring an additional 8,210 shares during the period. Highland Capital Management LLC acquired a new position in BrightSpring Health Services during the first quarter worth $181,000. Strs Ohio acquired a new position in BrightSpring Health Services during the first quarter worth $226,000. Teacher Retirement System of Texas raised its position in BrightSpring Health Services by 6.8% during the first quarter. Teacher Retirement System of Texas now owns 14,650 shares of the company's stock worth $265,000 after acquiring an additional 932 shares during the period. Finally, AQR Capital Management LLC acquired a new position in BrightSpring Health Services during the first quarter worth $276,000.

BrightSpring Health Services Trading Up 1.7%

Shares of BTSG opened at $33.50 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.34 and a debt-to-equity ratio of 1.43. BrightSpring Health Services, Inc. has a 12-month low of $14.73 and a 12-month high of $33.87. The firm has a 50-day moving average price of $27.09 and a 200 day moving average price of $23.06. The firm has a market capitalization of $6.07 billion, a P/E ratio of 54.92, a P/E/G ratio of 0.56 and a beta of 2.40.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last announced its quarterly earnings data on Monday, October 20th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.03. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.16 billion. BrightSpring Health Services had a net margin of 1.04% and a return on equity of 11.83%. BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BTSG shares. Morgan Stanley increased their target price on shares of BrightSpring Health Services from $25.00 to $32.00 and gave the company an "overweight" rating in a research report on Tuesday, October 14th. Mizuho increased their target price on shares of BrightSpring Health Services from $26.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, October 17th. Jefferies Financial Group set a $36.00 target price on shares of BrightSpring Health Services and gave the company a "buy" rating in a research report on Tuesday. Cowen reiterated a "buy" rating on shares of BrightSpring Health Services in a research report on Monday, August 4th. Finally, UBS Group increased their target price on shares of BrightSpring Health Services from $31.00 to $35.00 and gave the company a "buy" rating in a research report on Monday, October 13th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $32.56.

Insider Activity

In other BrightSpring Health Services news, insider Lisa A. Nalley sold 20,000 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $28.78, for a total transaction of $575,600.00. Following the completion of the transaction, the insider owned 131,150 shares of the company's stock, valued at $3,774,497. This trade represents a 13.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jon B. Rousseau sold 235,000 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $28.78, for a total transaction of $6,763,300.00. Following the transaction, the insider directly owned 1,131,930 shares of the company's stock, valued at approximately $32,576,945.40. This trade represents a 17.19% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

BrightSpring Health Services Profile

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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