30,988 Shares in BrightSpring Health Services, Inc. (NASDAQ:BTSG) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 30,988 shares of the company's stock, valued at approximately $561,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BTSG. Quarry LP purchased a new position in BrightSpring Health Services during the fourth quarter valued at $29,000. Envestnet Asset Management Inc. bought a new position in shares of BrightSpring Health Services during the 4th quarter valued at about $188,000. KLP Kapitalforvaltning AS purchased a new position in shares of BrightSpring Health Services during the fourth quarter valued at about $206,000. Teacher Retirement System of Texas bought a new stake in shares of BrightSpring Health Services in the fourth quarter worth about $234,000. Finally, GAMMA Investing LLC increased its holdings in shares of BrightSpring Health Services by 2,526.5% in the first quarter. GAMMA Investing LLC now owns 14,472 shares of the company's stock worth $262,000 after purchasing an additional 13,921 shares during the last quarter.

BrightSpring Health Services Stock Down 0.5%

NASDAQ BTSG traded down $0.11 on Friday, reaching $22.27. 2,740,345 shares of the stock traded hands, compared to its average volume of 1,575,134. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.37 and a current ratio of 1.73. The company has a fifty day moving average price of $21.09 and a 200-day moving average price of $19.71. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 79.54 and a beta of 2.58. BrightSpring Health Services, Inc. has a 12 month low of $10.15 and a 12 month high of $25.57.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.09 by $0.10. BrightSpring Health Services had a return on equity of 7.76% and a net margin of 0.49%. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the company posted $0.12 EPS. The business's revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, research analysts forecast that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal year.

Insider Transactions at BrightSpring Health Services

In other BrightSpring Health Services news, major shareholder Phoenix Aggregator L.P. Kkr sold 13,288,101 shares of BrightSpring Health Services stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $21.15, for a total transaction of $281,043,336.15. Following the completion of the sale, the insider now owns 79,671,883 shares of the company's stock, valued at approximately $1,685,060,325.45. The trade was a 14.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jon B. Rousseau sold 531,840 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $21.75, for a total value of $11,567,520.00. Following the completion of the transaction, the insider now directly owns 1,184,133 shares in the company, valued at $25,754,892.75. This represents a 30.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BTSG. Wells Fargo & Company raised their price target on BrightSpring Health Services from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Mizuho set a $26.00 target price on BrightSpring Health Services in a research report on Monday, May 5th. Finally, Morgan Stanley raised their target price on shares of BrightSpring Health Services from $20.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $23.56.

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.