Smith Group Asset Management LLC Takes Position in BrightSpring Health Services, Inc. $BTSG

Key Points

• Smith Group Asset Management LLC acquired a new stake in BrightSpring Health Services, purchasing 51,150 shares valued at approximately $1.2 million during the 2nd quarter.
• Analysts' Sentiment: Morgan Stanley and Wells Fargo have both increased their target prices on BrightSpring Health Services, with current targets ranging from $30 to $35, indicating a generally positive outlook among analysts.
• Insider transactions revealed a significant sell-off, with major insiders including Jon B. Rousseau selling 235,000 shares, decreasing their ownership by 17.19%.

Smith Group Asset Management LLC bought a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 51,150 shares of the company's stock, valued at approximately $1,207,000.

Several other large investors have also recently modified their holdings of BTSG. Highland Capital Management LLC bought a new position in shares of BrightSpring Health Services during the 1st quarter valued at approximately $181,000. Lisanti Capital Growth LLC increased its position in shares of BrightSpring Health Services by 3.3% during the 1st quarter. Lisanti Capital Growth LLC now owns 343,015 shares of the company's stock valued at $6,205,000 after purchasing an additional 11,105 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of BrightSpring Health Services by 6.8% during the 1st quarter. Teacher Retirement System of Texas now owns 14,650 shares of the company's stock valued at $265,000 after purchasing an additional 932 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of BrightSpring Health Services by 24.3% during the 1st quarter. Bank of New York Mellon Corp now owns 195,372 shares of the company's stock valued at $3,534,000 after purchasing an additional 38,159 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of BrightSpring Health Services by 131.8% during the 1st quarter. New York State Common Retirement Fund now owns 37,918 shares of the company's stock valued at $686,000 after purchasing an additional 21,563 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BTSG shares. Morgan Stanley increased their price target on BrightSpring Health Services from $25.00 to $32.00 and gave the stock an "overweight" rating in a report on Tuesday, October 14th. Wall Street Zen downgraded BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Wells Fargo & Company increased their target price on BrightSpring Health Services from $27.00 to $33.00 and gave the company an "overweight" rating in a research report on Tuesday, October 7th. UBS Group increased their target price on BrightSpring Health Services from $31.00 to $35.00 and gave the company a "buy" rating in a research report on Monday, October 13th. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 target price on BrightSpring Health Services and gave the company a "buy" rating in a research report on Monday, September 8th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $32.56.

Insider Buying and Selling

In related news, insider Jon B. Rousseau sold 235,000 shares of the company's stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $28.78, for a total value of $6,763,300.00. Following the transaction, the insider directly owned 1,131,930 shares in the company, valued at approximately $32,576,945.40. This represents a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lisa A. Nalley sold 20,000 shares of the company's stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $28.78, for a total value of $575,600.00. Following the transaction, the insider owned 131,150 shares in the company, valued at $3,774,497. This trade represents a 13.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company's stock.

BrightSpring Health Services Price Performance

Shares of BrightSpring Health Services stock opened at $33.50 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.76 and a debt-to-equity ratio of 1.43. BrightSpring Health Services, Inc. has a twelve month low of $14.73 and a twelve month high of $33.87. The business has a 50-day moving average price of $27.09 and a 200 day moving average price of $23.06. The firm has a market cap of $6.07 billion, a PE ratio of 54.92, a P/E/G ratio of 0.56 and a beta of 2.40.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its quarterly earnings data on Monday, October 20th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. BrightSpring Health Services had a return on equity of 11.83% and a net margin of 1.04%.The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.16 billion. BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. FY 2025 guidance at EPS. Sell-side 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.

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