BrightSpring Health Services, Inc. (NASDAQ:BTSG) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 2,526.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,472 shares of the company's stock after acquiring an additional 13,921 shares during the quarter. GAMMA Investing LLC's holdings in BrightSpring Health Services were worth $262,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BTSG. Quarry LP bought a new position in BrightSpring Health Services during the 4th quarter valued at about $29,000. Envestnet Asset Management Inc. purchased a new position in shares of BrightSpring Health Services during the fourth quarter valued at approximately $188,000. KLP Kapitalforvaltning AS bought a new position in shares of BrightSpring Health Services during the fourth quarter valued at approximately $206,000. Teacher Retirement System of Texas purchased a new stake in shares of BrightSpring Health Services in the fourth quarter worth approximately $234,000. Finally, Numerai GP LLC purchased a new stake in shares of BrightSpring Health Services in the fourth quarter worth approximately $252,000.

Insiders Place Their Bets

In other news, 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 value of $11,567,520.00. Following the sale, the insider now directly owns 1,184,133 shares in the company, valued at approximately $25,754,892.75. This trade represents a 30.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Phoenix Aggregator L.P. Kkr sold 13,288,101 shares of BrightSpring Health Services stock in a transaction that occurred on 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 transaction, the insider now directly owns 79,671,883 shares in the company, valued at approximately $1,685,060,325.45. The trade was a 14.29% decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

BrightSpring Health Services Stock Down 1.2%

BrightSpring Health Services stock traded down $0.28 during midday trading on Wednesday, hitting $22.61. 1,729,225 shares of the company's stock were exchanged, compared to its average volume of 1,598,882. 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 market cap of $3.97 billion, a PE ratio of 80.75 and a beta of 2.58. The firm has a 50-day moving average of $21.43 and a two-hundred day moving average of $19.80. 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 announced its quarterly earnings results on Friday, May 2nd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.10. The firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.74 billion. BrightSpring Health Services had a net margin of 0.49% and a return on equity of 7.76%. The company's revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 EPS. As a group, analysts expect that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on BTSG. Morgan Stanley upped their price objective 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. Wells Fargo & Company boosted their target price on shares of BrightSpring Health Services from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Mizuho set a $26.00 price target on shares of BrightSpring Health Services in a research note on Monday, May 5th. Finally, TD Cowen initiated coverage on shares of BrightSpring Health Services in a research report on Monday. They issued a "buy" rating and a $37.00 price objective for the company. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, BrightSpring Health Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.90.

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.