Royce & Associates LP acquired a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 48,013 shares of the company's stock, valued at approximately $869,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its position in 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 buying an additional 3,933,303 shares during the last quarter. Vanguard Group Inc. grew its position in 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 buying an additional 268,132 shares during the last quarter. Invesco Ltd. grew its position in 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 buying an additional 41,991 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in 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 buying an additional 328,977 shares during the last quarter. Finally, Sea Cliff Partners Management LP grew its position in 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 buying an additional 571,437 shares during the last quarter.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on BTSG shares. Morgan Stanley lifted their price objective on shares of 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 stock an "overweight" rating in a research report on Tuesday, May 13th. Mizuho set a $26.00 target price 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 report on Monday, June 23rd. They set a "buy" rating and a $37.00 target price on the stock. Finally, Wall Street Zen lowered shares of BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, BrightSpring Health Services has an average rating of "Moderate Buy" and an average target price of $24.90.
View Our Latest Report on BTSG
Insider Activity
In related news, major shareholder Phoenix Aggregator L.P. Kkr sold 13,288,101 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $21.15, for a total value of $281,043,336.15. Following the completion of the transaction, the insider owned 79,671,883 shares of the company's stock, valued at approximately $1,685,060,325.45. The trade was a 14.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jon B. Rousseau sold 531,840 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were 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 directly owned 1,184,133 shares of the company's stock, valued at $25,754,892.75. The trade was a 30.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,919,941 shares of company stock valued at $337,025,856 in the last three months. 3.40% of the stock is currently owned by corporate insiders.
BrightSpring Health Services Price Performance
Shares of BrightSpring Health Services stock traded down $0.90 on Friday, hitting $19.76. The company's stock had a trading volume of 2,961,994 shares, compared to its average volume of 2,028,245. The firm has a fifty day moving average price of $21.96 and a 200-day moving average price of $20.47. 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 $3.47 billion, a P/E ratio of 70.93 and a beta of 2.30. 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, August 1st. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. BrightSpring Health Services had a net margin of 0.49% and a return on equity of 7.76%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the company posted $0.10 EPS. The firm's revenue for the quarter was up 15.3% on a year-over-year basis. On average, equities research analysts expect that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.
About BrightSpring Health Services
(
Free Report)
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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