7,689 Shares in BrightSpring Health Services, Inc. $BTSG Bought by Mcguire Capital Advisors Inc.

Mcguire Capital Advisors Inc. bought a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 7,689 shares of the company’s stock, valued at approximately $288,000.

Other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in shares of BrightSpring Health Services in the 4th quarter valued at approximately $29,000. Salomon & Ludwin LLC acquired a new position in shares of BrightSpring Health Services in the 4th quarter worth approximately $30,000. Farther Finance Advisors LLC lifted its position in shares of BrightSpring Health Services by 112.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company’s stock worth $64,000 after buying an additional 910 shares during the period. EverSource Wealth Advisors LLC bought a new position in shares of BrightSpring Health Services during the 2nd quarter worth approximately $43,000. Finally, CWM LLC boosted its stake in BrightSpring Health Services by 17.5% in the 4th quarter. CWM LLC now owns 1,874 shares of the company’s stock valued at $70,000 after buying an additional 279 shares in the last quarter.

BrightSpring Health Services Trading Up 2.8%

Shares of BTSG opened at $66.25 on Friday. The stock has a fifty day moving average price of $54.87 and a two-hundred day moving average price of $44.86. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.38 and a current ratio of 1.74. BrightSpring Health Services, Inc. has a 52-week low of $19.01 and a 52-week high of $66.69. The company has a market cap of $13.07 billion, a price-to-earnings ratio of 46.99, a PEG ratio of 0.83 and a beta of 1.87.

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

Analyst Ratings Changes

BTSG has been the topic of a number of analyst reports. Mizuho upped their price target on BrightSpring Health Services from $52.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Stephens boosted their target price on shares of BrightSpring Health Services from $53.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. The Goldman Sachs Group assumed coverage on shares of BrightSpring Health Services in a report on Monday, June 8th. They issued a “buy” rating and a $71.00 target price on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $60.00 target price on shares of BrightSpring Health Services in a research report on Monday, May 4th. Finally, KeyCorp boosted their price target on shares of BrightSpring Health Services from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. According to data from MarketBeat.com, BrightSpring Health Services presently has an average rating of “Buy” and a consensus price target of $59.60.

Insider Transactions at BrightSpring Health Services

In other BrightSpring Health Services news, insider Jon B. Rousseau sold 130,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $58.75, for a total value of $7,637,500.00. Following the completion of the sale, the insider owned 1,194,503 shares in the company, valued at approximately $70,177,051.25. This trade represents a 9.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Lisa A. Nalley sold 35,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $58.75, for a total transaction of $2,056,250.00. Following the completion of the transaction, the insider directly owned 131,948 shares of the company’s stock, valued at approximately $7,751,945. This represents a 20.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.80% of the company’s stock.

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.