105,000 Shares in BrightSpring Health Services, Inc. (NASDAQ:BTSG) Purchased by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. purchased a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 105,000 shares of the company's stock, valued at approximately $1,899,000. Hussman Strategic Advisors Inc. owned about 0.06% of BrightSpring Health Services as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new position in shares of BrightSpring Health Services during the 4th quarter valued at about $29,000. Highland Capital Management LLC acquired a new position in shares of BrightSpring Health Services during the 1st quarter valued at about $181,000. Envestnet Asset Management Inc. purchased a new stake in shares of BrightSpring Health Services during the 4th quarter worth about $188,000. KLP Kapitalforvaltning AS purchased a new stake in shares of BrightSpring Health Services during the 4th quarter worth about $206,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of BrightSpring Health Services during the 4th quarter worth about $234,000.

Analyst Ratings Changes

BTSG has been the subject of a number of analyst reports. TD Cowen initiated coverage on BrightSpring Health Services in a report on Monday, June 23rd. They issued a "buy" rating and a $37.00 price target for the company. Mizuho set a $26.00 price target on BrightSpring Health Services in a report on Monday, May 5th. Morgan Stanley upped their price target on BrightSpring Health Services from $20.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Wall Street Zen raised BrightSpring Health Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Finally, Wells Fargo & Company upped their target price on BrightSpring Health Services from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $24.90.

Insider Buying and Selling at BrightSpring Health Services

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

BrightSpring Health Services Stock Performance

Shares of BTSG stock traded down $0.16 on Friday, hitting $19.94. 1,140,023 shares of the stock traded hands, compared to its average volume of 1,663,749. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.73 and a quick ratio of 1.37. The company has a market capitalization of $3.51 billion, a PE ratio of 71.21 and a beta of 2.30. BrightSpring Health Services, Inc. has a 1-year low of $10.15 and a 1-year high of $25.57. The company's fifty day moving average is $22.50 and its 200 day moving average is $20.26.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.74 billion. BrightSpring Health Services had a return on equity of 7.76% and a net margin of 0.49%. The business's revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS. On average, equities research analysts predict that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.

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.