GAMMA Investing LLC Raises Holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

GAMMA Investing LLC boosted its stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 2,526.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,472 shares of the company's stock after purchasing an additional 13,921 shares during the quarter. GAMMA Investing LLC's holdings in BrightSpring Health Services were worth $262,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC increased its holdings in shares of BrightSpring Health Services by 21.6% in the 4th quarter. FMR LLC now owns 22,102,490 shares of the company's stock valued at $376,405,000 after acquiring an additional 3,933,303 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of BrightSpring Health Services by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 5,325,093 shares of the company's stock valued at $90,686,000 after acquiring an additional 268,132 shares during the last quarter. Invesco Ltd. increased its holdings in shares of BrightSpring Health Services by 1.0% in the 4th quarter. Invesco Ltd. now owns 4,378,562 shares of the company's stock valued at $74,567,000 after acquiring an additional 41,991 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of BrightSpring Health Services by 13.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,698,629 shares of the company's stock valued at $45,959,000 after acquiring an additional 328,977 shares during the last quarter. Finally, Sea Cliff Partners Management LP increased its holdings in shares of BrightSpring Health Services by 49.1% in the 4th quarter. Sea Cliff Partners Management LP now owns 1,735,150 shares of the company's stock valued at $29,550,000 after acquiring an additional 571,437 shares during the last quarter.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

BTSG has been the topic of a number of recent analyst reports. Mizuho set a $26.00 price objective on BrightSpring Health Services in a report on Monday, May 5th. Wells Fargo & Company increased their price objective on BrightSpring Health Services from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Finally, Morgan Stanley increased their price objective on BrightSpring Health Services from $20.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, BrightSpring Health Services presently has an average rating of "Moderate Buy" and an average target price of $23.56.

BrightSpring Health Services Trading Down 0.5%

NASDAQ:BTSG opened at $22.27 on Friday. The stock's 50 day moving average price is $21.20 and its 200 day moving average price is $19.74. BrightSpring Health Services, Inc. has a 52-week low of $10.15 and a 52-week high of $25.57. The company has a market capitalization of $3.92 billion, a PE ratio of 79.54 and a beta of 2.58. The company has a quick ratio of 1.37, a current ratio of 1.73 and a debt-to-equity ratio of 1.48.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last announced its earnings results on Friday, May 2nd. The company reported $0.19 earnings per share for the quarter, beating 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 company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same period last year, the business posted $0.12 EPS. The company's revenue was up 25.9% on a year-over-year basis. On average, research analysts anticipate 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.

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