Persistent Asset Partners Ltd Purchases 17,837 Shares of BrightSpring Health Services, Inc. $BTSG

Persistent Asset Partners Ltd increased its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 23.5% during the fourth quarter, Holdings Channel reports. The fund owned 93,897 shares of the company’s stock after acquiring an additional 17,837 shares during the quarter. BrightSpring Health Services makes up 1.6% of Persistent Asset Partners Ltd’s holdings, making the stock its 10th largest holding. Persistent Asset Partners Ltd’s holdings in BrightSpring Health Services were worth $3,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in BTSG. AQR Capital Management LLC acquired a new stake in shares of BrightSpring Health Services during the first quarter valued at approximately $276,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of BrightSpring Health Services by 5.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,429 shares of the company’s stock valued at $587,000 after acquiring an additional 1,780 shares during the period. Millennium Management LLC raised its holdings in shares of BrightSpring Health Services by 0.3% during the first quarter. Millennium Management LLC now owns 577,885 shares of the company’s stock valued at $10,454,000 after acquiring an additional 1,967 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of BrightSpring Health Services by 11.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,280 shares of the company’s stock valued at $2,664,000 after acquiring an additional 14,586 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in shares of BrightSpring Health Services during the second quarter valued at approximately $351,000.

BrightSpring Health Services Stock Performance

Shares of BTSG opened at $64.14 on Wednesday. The company’s 50 day moving average price is $54.01 and its 200 day moving average price is $44.46. BrightSpring Health Services, Inc. has a 52 week low of $19.01 and a 52 week high of $64.73. The company has a market capitalization of $12.65 billion, a PE ratio of 45.49, a PEG ratio of 0.83 and a beta of 1.87. 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 (NASDAQ:BTSG) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue was up 25.6% on a year-over-year basis. Research analysts expect that BrightSpring Health Services, Inc. will post 1.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BTSG. Wall Street Zen lowered shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 23rd. TD Cowen boosted their price target on shares of BrightSpring Health Services from $60.00 to $65.00 and gave the company a “buy” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $60.00 price target on shares of BrightSpring Health Services in a report on Monday, May 4th. BMO Capital Markets set a $70.00 price target on shares of BrightSpring Health Services in a report on Thursday, May 21st. Finally, Weiss Ratings raised shares of BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Two equities research 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, BrightSpring Health Services presently has a consensus rating of “Buy” and an average target price of $58.53.

Insider Buying and Selling

In related news, insider Lisa A. Nalley sold 35,000 shares of the business’s stock in a transaction that occurred on 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 approximately $7,751,945. The trade was a 20.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jon B. Rousseau sold 130,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $58.75, for a total transaction of $7,637,500.00. Following the transaction, the insider directly owned 1,194,503 shares in the company, valued at $70,177,051.25. The trade was a 9.82% 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.

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.