Vanguard Group Inc. Boosts Stock Position in BrightSpring Health Services, Inc. $BTSG

Key Points

• Vanguard increased its stake in BrightSpring by 30.5%, acquiring 2.93M additional shares to own 12,533,656 shares (about 6.95% of the company) valued at roughly $469.4 million.
• Insider selling was notable: executives sold a total of 285,000 shares (~$11.73M) over the last quarter, including Lisa Nalley (30,000 shares) and CFO Jennifer Phipps (35,000 shares), which materially reduced their ownership stakes.
• Analysts and results: several firms have raised price targets (e.g., to $60–$61) and the consensus rating is "Buy" with an average target of $55.29; BrightSpring also topped Q earnings estimates ($0.39 vs. $0.29) with revenue up 25.6% year‑over‑year.

Vanguard Group Inc. lifted its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 30.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,533,656 shares of the company's stock after acquiring an additional 2,928,953 shares during the quarter. Vanguard Group Inc. owned 6.95% of BrightSpring Health Services worth $469,385,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in BrightSpring Health Services during the fourth quarter valued at about $29,000. Salomon & Ludwin LLC purchased a new position in shares of BrightSpring Health Services in the fourth quarter worth about $30,000. EverSource Wealth Advisors LLC bought a new stake in shares of BrightSpring Health Services in the 2nd quarter valued at about $43,000. CWM LLC lifted its stake in shares of BrightSpring Health Services by 105.3% in the 3rd quarter. CWM LLC now owns 1,595 shares of the company's stock valued at $47,000 after acquiring an additional 818 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in BrightSpring Health Services by 112.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company's stock valued at $64,000 after acquiring an additional 910 shares during the period.

Insider Buying and Selling

In related news, insider Lisa A. Nalley sold 30,000 shares of the firm's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total value of $1,234,500.00. Following the completion of the sale, the insider owned 110,594 shares of the company's stock, valued at $4,550,943.10. This trade represents a 21.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jennifer A. Phipps sold 35,000 shares of the business's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total transaction of $1,440,250.00. Following the transaction, the chief financial officer directly owned 196,840 shares in the company, valued at approximately $8,099,966. The trade was a 15.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 285,000 shares of company stock valued at $11,727,750 over the last quarter. 2.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. BMO Capital Markets raised their price target on BrightSpring Health Services from $52.00 to $60.00 and gave the stock an "outperform" rating in a research report on Friday. Wells Fargo & Company increased their price objective on BrightSpring Health Services from $50.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday. Zacks Research upgraded shares of BrightSpring Health Services from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 3rd. UBS Group lifted their target price on shares of BrightSpring Health Services from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Wednesday, March 18th. Finally, Cantor Fitzgerald set a $49.00 price target on shares of BrightSpring Health Services in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. According to data from MarketBeat, BrightSpring Health Services presently has an average rating of "Buy" and a consensus target price of $55.29.

BrightSpring Health Services Trading Down 3.9%

BTSG opened at $51.44 on Wednesday. The business has a 50 day simple moving average of $43.71 and a two-hundred day simple moving average of $39.00. The firm has a market capitalization of $9.98 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 0.73 and a beta of 1.71. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.74 and a quick ratio of 1.38. BrightSpring Health Services, Inc. has a one year low of $19.01 and a one year high of $54.68.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.10. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period last year, the company earned $0.14 EPS. The business's quarterly revenue was up 25.6% compared to the same quarter last year. Analysts predict that BrightSpring Health Services, Inc. will post 1.55 EPS for the current year.

About BrightSpring Health Services

BrightSpring Health Services NASDAQ: BTSG is a leading provider of home and community-based care and workforce solutions aimed at seniors, individuals with disabilities and those facing behavioral health challenges. The company's operations encompass a broad spectrum of services, including personal care, skilled nursing, therapy, habilitation and supported living, as well as specialized behavioral health programs delivered through both clinical and non-clinical channels.

Through its network of subsidiary brands, BrightSpring offers integrated care in the patient's home environment, fostering independence and improving quality of life.

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