Charles Schwab Investment Management Inc. Acquires 43,238 Shares of BrightSpring Health Services, Inc. $BTSG

Key Points

• Charles Schwab Investment Management Inc. increased its stake in BrightSpring Health Services by 9.6%, owning a total of 494,231 shares valued at approximately $8.94 million as of the latest reporting period.
• BrightSpring Health Services reported $0.22 earnings per share (EPS) for the last quarter, surpassing analysts' expectations of $0.19 EPS, with year-over-year revenue growth of 15.3%.
• Several analysts have revised their price targets for BrightSpring Health Services, with Wells Fargo raising theirs from $25.00 to $27.00 and maintaining an "overweight" rating, suggesting growing optimism about the company's future performance.

Charles Schwab Investment Management Inc. boosted its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 9.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 494,231 shares of the company's stock after purchasing an additional 43,238 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.28% of BrightSpring Health Services worth $8,941,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BTSG. Quarry LP purchased a new position in shares of BrightSpring Health Services during the fourth quarter valued at approximately $29,000. IFP Advisors Inc raised its position in BrightSpring Health Services by 273,666.7% in 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 purchased a new position in shares of BrightSpring Health Services during the 1st quarter worth $181,000. Envestnet Asset Management Inc. bought a new stake in shares of BrightSpring Health Services during the 4th quarter valued at $188,000. Finally, Numerai GP LLC purchased a new stake in shares of BrightSpring Health Services in the 4th quarter worth $252,000.

BrightSpring Health Services Trading Down 0.2%

NASDAQ:BTSG traded down $0.04 on Friday, reaching $23.69. 1,335,712 shares of the company's stock were exchanged, compared to its average volume of 2,057,994. BrightSpring Health Services, Inc. has a 52-week low of $12.35 and a 52-week high of $25.57. The business has a fifty day moving average of $21.71 and a 200-day moving average of $20.55. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 76.42 and a beta of 2.25. The company has a quick ratio of 1.34, a current ratio of 1.76 and a debt-to-equity ratio of 1.43.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.99 billion. BrightSpring Health Services had a net margin of 0.55% and a return on equity of 9.29%. The firm's quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. BrightSpring Health Services has set its FY 2025 guidance at EPS. As a group, analysts expect that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Mizuho set a $26.00 target price on BrightSpring Health Services in a research report on Monday, May 5th. Cowen restated a "buy" rating on shares of BrightSpring Health Services in a report on Monday, August 4th. Wells Fargo & Company lifted their price objective on BrightSpring Health Services from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Finally, Morgan Stanley increased their target price on BrightSpring Health Services from $20.00 to $25.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $25.67.

Insider Transactions at BrightSpring Health Services

In other BrightSpring Health Services news, major shareholder Phoenix Aggregator L.P. Kkr sold 2,100,000 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $21.15, for a total transaction of $44,415,000.00. Following the completion of the transaction, the insider owned 77,096,337 shares in the company, valued at approximately $1,630,587,527.55. This represents a 2.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jon B. Rousseau sold 531,840 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $21.75, for a total transaction of $11,567,520.00. Following the completion of the sale, the insider owned 1,184,133 shares of the company's stock, valued at $25,754,892.75. This trade represents a 30.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,919,941 shares of company stock valued at $337,025,856 over the last ninety days. Corporate insiders own 3.40% of the company's stock.

BrightSpring Health Services Company 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.