BrightSpring Health Services (NASDAQ:BTSG) Insider Lisa Nalley Sells 35,000 Shares

BrightSpring Health Services, Inc. (NASDAQ:BTSG) insider Lisa Nalley sold 35,000 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $58.75, for a total transaction of $2,056,250.00. Following the transaction, the insider directly owned 131,948 shares of the company’s stock, valued at $7,751,945. This trade represents a 20.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BrightSpring Health Services Price Performance

BTSG opened at $57.40 on Friday. The firm has a 50-day simple moving average of $51.25 and a two-hundred day simple moving average of $42.99. BrightSpring Health Services, Inc. has a 52 week low of $19.01 and a 52 week high of $62.11. The company has a market capitalization of $11.13 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 0.74 and a beta of 1.87. The company has a quick ratio of 1.38, a current ratio of 1.74 and a debt-to-equity ratio of 1.24.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings data on Friday, May 1st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. BrightSpring Health Services had a net margin of 2.27% and a return on equity of 14.63%. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the firm earned $0.14 EPS. The business’s revenue was up 25.6% on a year-over-year basis. Analysts forecast that BrightSpring Health Services, Inc. will post 1.67 earnings per share for the current fiscal year.

Institutional Trading of BrightSpring Health Services

Several hedge funds have recently made changes to their positions in the business. Arete Wealth Advisors LLC purchased a new stake in shares of BrightSpring Health Services during the 1st quarter valued at about $2,486,000. Bank of America Corp DE raised its position in shares of BrightSpring Health Services by 48.7% during the 1st quarter. Bank of America Corp DE now owns 1,534,154 shares of the company’s stock valued at $65,370,000 after buying an additional 502,786 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of BrightSpring Health Services by 452.3% during the 1st quarter. Janus Henderson Group PLC now owns 228,941 shares of the company’s stock valued at $9,756,000 after buying an additional 187,485 shares in the last quarter. Smith Group Asset Management LLC raised its position in BrightSpring Health Services by 1.8% in the 1st quarter. Smith Group Asset Management LLC now owns 53,170 shares of the company’s stock worth $2,266,000 after purchasing an additional 927 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in BrightSpring Health Services by 23.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,718 shares of the company’s stock worth $201,000 after purchasing an additional 892 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have commented on BTSG shares. KeyCorp increased their price objective on shares of BrightSpring Health Services from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Leerink Partners restated an “outperform” rating and set a $49.00 target price on shares of BrightSpring Health Services in a research report on Wednesday, March 18th. Morgan Stanley upped their target price on shares of BrightSpring Health Services from $62.00 to $71.00 and gave the company an “overweight” rating in a research report on Tuesday. Wells Fargo & Company upped their target price on shares of BrightSpring Health Services from $50.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, TD Cowen upped their target price on shares of BrightSpring Health Services from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $57.64.

BrightSpring Health Services Company Profile

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.