Artia Global Partners LP Purchases Shares of 517,315 BrightSpring Health Services, Inc. $BTSG

Artia Global Partners LP acquired a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 517,315 shares of the company's stock, valued at approximately $36,078,000. BrightSpring Health Services accounts for about 6.7% of Artia Global Partners LP's portfolio, making the stock its 4th largest position. Artia Global Partners LP owned 0.26% of BrightSpring Health Services as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company acquired a new position in shares of BrightSpring Health Services in the 2nd quarter valued at $239,377,000. Vanguard Group Inc. raised its holdings in shares of BrightSpring Health Services by 30.5% in the 4th quarter. Vanguard Group Inc. now owns 12,533,656 shares of the company's stock worth $469,385,000 after purchasing an additional 2,928,953 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of BrightSpring Health Services by 936.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,276,583 shares of the company's stock worth $53,705,000 after purchasing an additional 2,056,920 shares during the period. State Street Corp lifted its stake in shares of BrightSpring Health Services by 99.5% in the 4th quarter. State Street Corp now owns 4,033,149 shares of the company's stock valued at $151,041,000 after purchasing an additional 2,011,095 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of BrightSpring Health Services by 855.4% during the 2nd quarter. Jane Street Group LLC now owns 2,076,730 shares of the company's stock worth $48,990,000 after purchasing an additional 1,859,369 shares during the period.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wall Street Zen lowered shares of BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a report on Sunday. Stephens raised their target price on shares of BrightSpring Health Services from $53.00 to $64.00 and gave the company an "overweight" rating in a research note on Monday, May 4th. The Goldman Sachs Group initiated coverage on shares of BrightSpring Health Services in a report on Monday, June 8th. They set a "buy" rating and a $71.00 target price on the stock. TD Cowen increased their price target on BrightSpring Health Services from $65.00 to $81.00 and gave the company a "buy" rating in a report on Thursday, June 18th. Finally, 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 research report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $70.71.

BrightSpring Health Services Stock Up 7.2%

Shares of NASDAQ:BTSG opened at $61.35 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.22 and a debt-to-equity ratio of 1.06. The company has a fifty day simple moving average of $66.16 and a 200 day simple moving average of $54.63. The firm has a market cap of $12.14 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 0.69 and a beta of 1.88. BrightSpring Health Services, Inc. has a 12-month low of $22.86 and a 12-month high of $73.75.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its earnings results on Friday, July 31st. The company reported $0.45 earnings per share for the quarter, topping 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 company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the previous year, the firm earned $0.22 EPS. The company's revenue was up 23.0% on a year-over-year basis. On average, equities research analysts anticipate that BrightSpring Health Services, Inc. will post 1.82 EPS for the current fiscal year.

Insider Transactions at BrightSpring Health Services

In other news, insider Lisa A. Nalley sold 35,000 shares of BrightSpring Health Services stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $58.75, for a total value of $2,056,250.00. Following the completion of the transaction, the insider directly owned 131,948 shares of the company's stock, valued at approximately $7,751,945. The trade was a 20.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jon B. Rousseau sold 130,000 shares of the business's stock in a transaction dated 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 directly 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 position. The SEC filing for this sale provides additional information. Company insiders own 2.80% of the company's stock.

BrightSpring Health Services 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.

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