BrightSpring Health Services, Inc. (NASDAQ:BTSG) is Lisanti Capital Growth LLC's 8th Largest Position

Lisanti Capital Growth LLC increased its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 343,015 shares of the company's stock after acquiring an additional 11,105 shares during the period. BrightSpring Health Services comprises approximately 1.8% of Lisanti Capital Growth LLC's holdings, making the stock its 8th largest holding. Lisanti Capital Growth LLC owned approximately 0.20% of BrightSpring Health Services worth $6,205,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Highland Capital Management LLC bought a new position in BrightSpring Health Services in the 1st quarter valued at $181,000. Assenagon Asset Management S.A. acquired a new position in BrightSpring Health Services during the 1st quarter valued at about $561,000. SG Americas Securities LLC boosted its stake in shares of BrightSpring Health Services by 12.7% in the 1st quarter. SG Americas Securities LLC now owns 41,698 shares of the company's stock valued at $754,000 after purchasing an additional 4,698 shares during the last quarter. Rhumbline Advisers grew its position in shares of BrightSpring Health Services by 4.8% during the 1st quarter. Rhumbline Advisers now owns 77,100 shares of the company's stock worth $1,395,000 after buying an additional 3,517 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of BrightSpring Health Services by 2,526.5% during the first quarter. GAMMA Investing LLC now owns 14,472 shares of the company's stock worth $262,000 after buying an additional 13,921 shares during the last quarter.

Insider Buying and Selling at BrightSpring Health Services

In related news, major shareholder Phoenix Aggregator L.P. Kkr sold 2,100,000 shares of BrightSpring Health Services stock in a transaction dated 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 directly owned 77,096,337 shares of the company's stock, valued at $1,630,587,527.55. This trade represents a 2.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jon B. Rousseau sold 531,840 shares of the company's stock in a transaction dated 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 owned 1,184,133 shares in the company, valued at approximately $25,754,892.75. The trade was a 30.99% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,919,941 shares of company stock worth $337,025,856. 3.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BTSG has been the topic of a number of recent analyst reports. TD Cowen assumed coverage on shares of BrightSpring Health Services in a research report on Monday, June 23rd. They set a "buy" rating and a $37.00 price target on the stock. Morgan Stanley lifted their price target on shares of BrightSpring Health Services from $20.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Wells Fargo & Company increased their target price on BrightSpring Health Services from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Finally, Mizuho set a $26.00 price objective on shares of BrightSpring Health Services in a research report on Monday, May 5th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.90.

BrightSpring Health Services Price Performance

BTSG traded up $0.05 during trading on Monday, reaching $23.59. 2,571,549 shares of the company were exchanged, compared to its average volume of 1,620,789. The company's 50-day moving average is $21.81 and its two-hundred day moving average is $19.92. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 84.25 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, 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 posted its quarterly earnings results on Friday, May 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the company earned $0.12 EPS. BrightSpring Health Services's revenue for the quarter was up 25.9% compared to the same quarter last year. Research analysts forecast that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal 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.