BrightSpring Health Services, Inc. $BTSG Shares Acquired by TD Asset Management Inc

TD Asset Management Inc lifted its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 34.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 640,369 shares of the company’s stock after purchasing an additional 165,381 shares during the period. TD Asset Management Inc’s holdings in BrightSpring Health Services were worth $23,982,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC increased its holdings in BrightSpring Health Services by 17.5% in the fourth quarter. CWM LLC now owns 1,874 shares of the company’s stock valued at $70,000 after buying an additional 279 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in BrightSpring Health Services by 17.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,826 shares of the company’s stock worth $143,000 after buying an additional 565 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of BrightSpring Health Services during the 4th quarter worth about $29,000. Salomon & Ludwin LLC purchased a new position in shares of BrightSpring Health Services in the 4th quarter valued at about $30,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of BrightSpring Health Services by 112.8% in 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 last quarter.

BrightSpring Health Services Price Performance

BTSG stock opened at $57.40 on Monday. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 40.71, a price-to-earnings-growth ratio of 0.74 and a beta of 1.87. The company has a fifty day moving average price of $51.25 and a 200 day moving average price of $43.07. 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 12 month low of $19.01 and a 12 month high of $62.11.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the firm posted $0.14 EPS. BrightSpring Health Services’s revenue for the quarter was up 25.6% on a year-over-year basis. Sell-side analysts expect that BrightSpring Health Services, Inc. will post 1.67 earnings per share for the current year.

Insider Transactions at BrightSpring Health Services

In other BrightSpring Health Services news, insider Jon B. Rousseau sold 130,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $58.75, for a total transaction of $7,637,500.00. Following the completion of the sale, the insider directly owned 1,194,503 shares of the company’s stock, valued at $70,177,051.25. This represents a 9.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa A. Nalley sold 35,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $58.75, for a total value of $2,056,250.00. Following the sale, the insider directly owned 131,948 shares of the company’s stock, valued at $7,751,945. The trade was a 20.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BTSG shares. Morgan Stanley boosted their target price on BrightSpring Health Services from $62.00 to $71.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Zacks Research upgraded shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company raised their price objective on shares of BrightSpring Health Services from $50.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Leerink Partners restated an “outperform” rating and issued a $49.00 target price on shares of BrightSpring Health Services in a report on Wednesday, March 18th. Finally, BTIG Research increased their target price on shares of BrightSpring Health Services from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $58.53.

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.