Fox Run Management L.L.C. Purchases Shares of 36,267 BrightSpring Health Services, Inc. $BTSG

Key Points

• Fox Run Management L.L.C. has acquired a new stake in BrightSpring Health Services, purchasing 36,267 shares valued at approximately $656,000 during the first quarter.
• BrightSpring Health Services reported earnings of $0.22 per share, exceeding analyst estimates, with a revenue of $3.15 billion for the last quarter, reflecting a 15.3% year-over-year growth.
• The stock currently has a consensus price target of $25.67 and is rated as a "Moderate Buy" by analysts, with several major firms increasing their price objectives for the company recently.

Fox Run Management L.L.C. acquired a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 36,267 shares of the company's stock, valued at approximately $656,000.

Other large investors have also modified their holdings of the company. Informed Momentum Co LLC purchased a new position in shares of BrightSpring Health Services during the 1st quarter worth $3,237,000. Nuveen LLC purchased a new stake in shares of BrightSpring Health Services in the 1st quarter valued at approximately $29,333,000. Invesco Ltd. lifted its holdings in shares of BrightSpring Health Services by 41.0% in the 1st quarter. Invesco Ltd. now owns 6,172,597 shares of the company's stock worth $111,662,000 after acquiring an additional 1,794,035 shares during the last quarter. Swiss National Bank boosted its position in shares of BrightSpring Health Services by 0.9% during the 1st quarter. Swiss National Bank now owns 118,100 shares of the company's stock worth $2,136,000 after purchasing an additional 1,000 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of BrightSpring Health Services by 9.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 494,231 shares of the company's stock worth $8,941,000 after buying an additional 43,238 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BTSG. Mizuho set a $26.00 price target on shares of BrightSpring Health Services in a research report on Monday, May 5th. TD Cowen assumed coverage on shares of BrightSpring Health Services in a research note on Monday, June 23rd. They set a "buy" rating and a $37.00 target price on the stock. Morgan Stanley increased their target price on shares of BrightSpring Health Services from $20.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Wells Fargo & Company boosted their price target on shares of 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, Wall Street Zen lowered BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $25.67.

Insider Activity

In other news, major shareholder Phoenix Aggregator L.P. Kkr sold 13,288,101 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $21.15, for a total transaction of $281,043,336.15. Following the transaction, the insider directly owned 79,671,883 shares in the company, valued at approximately $1,685,060,325.45. This trade represents a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jon B. Rousseau sold 531,840 shares of the stock in a transaction on 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 sale, the insider directly owned 1,184,133 shares in the company, 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. Over the last quarter, insiders have sold 15,919,941 shares of company stock worth $337,025,856. 3.40% of the stock is owned by company insiders.

BrightSpring Health Services Trading Up 2.6%

Shares of BrightSpring Health Services stock traded up $0.6160 on Friday, hitting $24.5760. 889,868 shares of the company traded hands, compared to its average volume of 2,054,177. The company has a current ratio of 1.76, a quick ratio of 1.34 and a debt-to-equity ratio of 1.43. The company has a market cap of $4.35 billion, a PE ratio of 79.28 and a beta of 2.25. The stock's 50 day moving average price is $21.47 and its 200-day moving average price is $20.50. BrightSpring Health Services, Inc. has a 52 week low of $11.96 and a 52 week high of $25.57.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. BrightSpring Health Services had a return on equity of 9.29% and a net margin of 0.55%.The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the business posted $0.10 EPS. BrightSpring Health Services's quarterly revenue was up 15.3% on a year-over-year basis. BrightSpring Health Services has set its FY 2025 guidance at EPS. Equities research analysts predict that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

About BrightSpring Health Services

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.