Capula Management Ltd bought a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 54,942 shares of the company's stock, valued at approximately $1,624,000.
A number of other large investors have also recently made changes to their positions in BTSG. Vanguard Group Inc. raised its stake in shares of BrightSpring Health Services by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 9,604,703 shares of the company's stock valued at $283,915,000 after purchasing an additional 576,906 shares during the period. Invesco Ltd. boosted its stake in BrightSpring Health Services by 2.5% in the 3rd quarter. Invesco Ltd. now owns 9,347,125 shares of the company's stock worth $276,301,000 after purchasing an additional 227,717 shares during the period. Alliancebernstein L.P. boosted its stake in BrightSpring Health Services by 12.1% in the 2nd quarter. Alliancebernstein L.P. now owns 5,450,085 shares of the company's stock worth $128,568,000 after purchasing an additional 588,642 shares during the period. The Manufacturers Life Insurance Company grew its holdings in BrightSpring Health Services by 936.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,276,583 shares of the company's stock valued at $53,705,000 after buying an additional 2,056,920 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in BrightSpring Health Services by 123.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,096,949 shares of the company's stock valued at $61,966,000 after buying an additional 1,160,500 shares in the last quarter.
Wall Street Analyst Weigh In
BTSG has been the topic of a number of recent analyst reports. TD Cowen reissued a "buy" rating on shares of BrightSpring Health Services in a report on Monday, March 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of BrightSpring Health Services in a research note on Monday, December 29th. Morgan Stanley upped their target price on shares of BrightSpring Health Services from $40.00 to $48.00 and gave the stock an "overweight" rating in a report on Wednesday, March 4th. Bank of America increased their target price on shares of BrightSpring Health Services from $38.00 to $41.00 and gave the stock a "buy" rating in a research note on Tuesday, December 9th. Finally, Mizuho raised their price target on shares of BrightSpring Health Services from $45.00 to $50.00 and gave the company an "outperform" rating in a report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, BrightSpring Health Services presently has a consensus rating of "Buy" and a consensus target price of $44.08.
Check Out Our Latest Stock Report on BrightSpring Health Services
BrightSpring Health Services Price Performance
Shares of NASDAQ BTSG opened at $38.31 on Friday. The stock's 50-day simple moving average is $39.76 and its two-hundred day simple moving average is $34.55. BrightSpring Health Services, Inc. has a twelve month low of $15.48 and a twelve month high of $44.87. The firm has a market capitalization of $7.41 billion, a P/E ratio of 43.53, a P/E/G ratio of 0.50 and a beta of 2.31. The company has a quick ratio of 1.12, a current ratio of 1.57 and a debt-to-equity ratio of 1.32.
BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). BrightSpring Health Services had a return on equity of 12.66% and a net margin of 1.48%.The business had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.38 billion. During the same period in the previous year, the firm posted $0.11 EPS. The firm's revenue for the quarter was up 29.3% compared to the same quarter last year. As a group, equities analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal year.
Insider Activity at BrightSpring Health Services
In other BrightSpring Health Services news, insider Lisa A. Nalley sold 30,000 shares of BrightSpring Health Services stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total transaction of $1,234,500.00. Following the completion of the sale, the insider directly owned 110,594 shares in the company, valued at $4,550,943.10. The trade was a 21.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jon B. Rousseau sold 220,000 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total transaction of $9,053,000.00. Following the completion of the transaction, the insider directly owned 1,023,880 shares of the company's stock, valued at approximately $42,132,662. This represents a 17.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 285,000 shares of company stock valued at $11,727,750 over the last three months. 3.40% of the stock is owned by corporate insiders.
BrightSpring Health Services Company Profile
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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.
See Also
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