Teacher Retirement System of Texas Has $776,000 Stake in BrightSpring Health Services, Inc. $BTSG

Teacher Retirement System of Texas raised its stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 124.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,915 shares of the company’s stock after purchasing an additional 18,265 shares during the period. Teacher Retirement System of Texas’ holdings in BrightSpring Health Services were worth $776,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its stake in shares of BrightSpring Health Services by 24.3% in the first quarter. Bank of New York Mellon Corp now owns 195,372 shares of the company’s stock valued at $3,534,000 after buying an additional 38,159 shares during the period. New York State Common Retirement Fund boosted its holdings in BrightSpring Health Services by 131.8% in the first quarter. New York State Common Retirement Fund now owns 37,918 shares of the company’s stock valued at $686,000 after acquiring an additional 21,563 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in BrightSpring Health Services during the 1st quarter valued at approximately $2,446,000. Hussman Strategic Advisors Inc. bought a new position in BrightSpring Health Services during the 1st quarter worth approximately $1,899,000. Finally, IFP Advisors Inc raised its holdings in BrightSpring Health Services by 273,666.7% during the 1st quarter. IFP Advisors Inc now owns 8,213 shares of the company’s stock worth $149,000 after purchasing an additional 8,210 shares during the last quarter.

Insider Buying and Selling

In related news, insider Lisa A. Nalley sold 20,000 shares of the 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 completion of the sale, the insider directly owned 131,150 shares of the company’s stock, valued at approximately $3,774,497. This represents a 13.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jon B. Rousseau sold 235,000 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $28.78, for a total value of $6,763,300.00. Following the transaction, the insider owned 1,131,930 shares in the company, valued at approximately $32,576,945.40. This trade represents a 17.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.40% of the stock is owned by company insiders.

BrightSpring Health Services Trading Up 1.7%

NASDAQ:BTSG opened at $33.14 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.79 and a quick ratio of 1.38. The firm has a 50-day moving average of $29.18 and a 200-day moving average of $24.35. The company has a market cap of $5.98 billion, a PE ratio of 54.33, a PEG ratio of 0.58 and a beta of 2.41. BrightSpring Health Services, Inc. has a one year low of $15.26 and a one year high of $35.01.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings results on Monday, October 20th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.03. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.16 billion. BrightSpring Health Services had a net margin of 1.04% and a return on equity of 11.61%. BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BTSG. Bank of America increased their price objective on shares of BrightSpring Health Services from $27.50 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. UBS Group upped their price target on shares of BrightSpring Health Services from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Wall Street Zen raised BrightSpring Health Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Jefferies Financial Group set a $36.00 target price on BrightSpring Health Services and gave the company a “buy” rating in a research report on Tuesday, October 21st. Finally, Morgan Stanley raised their target price on BrightSpring Health Services from $25.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, BrightSpring Health Services presently has a consensus rating of “Buy” and an average target price of $34.70.

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.