Vinva Investment Management Ltd Purchases New Stake in BrightSpring Health Services, Inc. $BTSG

Vinva Investment Management Ltd purchased a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,698 shares of the company’s stock, valued at approximately $671,000.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new position in shares of BrightSpring Health Services during the second quarter valued at about $43,000. CWM LLC raised its holdings 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 worth $47,000 after acquiring an additional 818 shares during the last quarter. Amalgamated Bank lifted its position in BrightSpring Health Services by 62.7% in the 3rd quarter. Amalgamated Bank now owns 3,041 shares of the company’s stock valued at $90,000 after acquiring an additional 1,172 shares in the last quarter. Sandia Investment Management LP acquired a new position in BrightSpring Health Services during the 2nd quarter valued at about $118,000. Finally, Penserra Capital Management LLC acquired a new position in BrightSpring Health Services during the 2nd quarter valued at about $139,000.

Analyst Ratings Changes

Several brokerages have recently commented on BTSG. Morgan Stanley increased their price objective on BrightSpring Health Services from $40.00 to $48.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of BrightSpring Health Services in a report on Monday, December 29th. KeyCorp upgraded BrightSpring Health Services from a “sector weight” rating to an “overweight” rating and set a $45.00 price objective on the stock in a research note on Friday, December 12th. Stephens assumed coverage on shares of BrightSpring Health Services in a research note on Wednesday, December 10th. They issued an “overweight” rating and a $44.00 target price for the company. Finally, Zacks Research upgraded shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, BrightSpring Health Services currently has an average rating of “Buy” and an average target price of $44.08.

BrightSpring Health Services Stock Performance

BTSG stock opened at $41.34 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.57 and a debt-to-equity ratio of 1.32. The firm has a market cap of $8.00 billion, a PE ratio of 46.98, a P/E/G ratio of 0.56 and a beta of 2.31. The business has a 50 day moving average of $39.66 and a 200-day moving average of $34.30. BrightSpring Health Services, Inc. has a 12-month low of $15.48 and a 12-month high of $44.87.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings data on Friday, February 27th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.38 billion. BrightSpring Health Services had a return on equity of 12.66% and a net margin of 1.48%.The firm’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. As a group, sell-side analysts expect that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jon B. Rousseau sold 220,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total value of $9,053,000.00. Following the transaction, the insider owned 1,023,880 shares in the company, valued at approximately $42,132,662. This represents a 17.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lisa A. Nalley sold 30,000 shares of BrightSpring Health Services stock in a transaction dated 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 directly owned 110,594 shares of the company’s stock, valued at approximately $4,550,943.10. This trade represents a 21.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 285,000 shares of company stock valued at $11,727,750. 3.40% of the stock is owned by company insiders.

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.