BrightSpring Health Services, Inc. $BTSG Position Raised by ProShare Advisors LLC

ProShare Advisors LLC boosted its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 46.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,330 shares of the company’s stock after purchasing an additional 5,472 shares during the period. ProShare Advisors LLC’s holdings in BrightSpring Health Services were worth $409,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BTSG. Bank of New York Mellon Corp raised its stake in shares of BrightSpring Health Services by 24.3% in the 1st quarter. Bank of New York Mellon Corp now owns 195,372 shares of the company’s stock worth $3,534,000 after buying an additional 38,159 shares in the last quarter. New York State Common Retirement Fund grew its holdings in BrightSpring Health Services by 131.8% during the first quarter. New York State Common Retirement Fund now owns 37,918 shares of the company’s stock worth $686,000 after acquiring an additional 21,563 shares during the period. Victory Capital Management Inc. bought a new stake in BrightSpring Health Services in the first quarter worth about $2,446,000. IFP Advisors Inc raised its position in BrightSpring Health Services by 273,666.7% in the first quarter. IFP Advisors Inc now owns 8,213 shares of the company’s stock worth $149,000 after acquiring an additional 8,210 shares in the last quarter. Finally, Royce & Associates LP acquired a new stake in BrightSpring Health Services in the 1st quarter valued at about $869,000.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BTSG shares. BMO Capital Markets started coverage on shares of BrightSpring Health Services in a report on Thursday, November 13th. They issued an “outperform” rating and a $40.00 target price on the stock. Morgan Stanley lifted their price target on shares of BrightSpring Health Services from $25.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Wall Street Zen downgraded BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Mizuho set a $38.00 price objective on BrightSpring Health Services in a research note on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 target price on BrightSpring Health Services and gave the stock a “buy” rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $35.73.

BrightSpring Health Services Trading Up 1.5%

BrightSpring Health Services stock opened at $32.76 on Friday. BrightSpring Health Services, Inc. has a 52 week low of $15.26 and a 52 week high of $35.01. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.38 and a current ratio of 1.79. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 53.71, a P/E/G ratio of 0.54 and a beta of 2.41. The company has a 50 day moving average price of $30.48 and a 200 day moving average price of $25.29.

BrightSpring Health Services (NASDAQ:BTSG) last released its earnings results on Monday, October 20th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.16 billion. BrightSpring Health Services had a return on equity of 11.61% and a net margin of 1.04%. BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. FY 2025 guidance at EPS. Research analysts forecast that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Insider Activity

In other BrightSpring Health Services news, insider Jon B. Rousseau sold 235,000 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $28.78, for a total transaction of $6,763,300.00. Following the completion of the sale, the insider directly owned 1,131,930 shares in the company, valued at approximately $32,576,945.40. This trade represents a 17.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lisa A. Nalley sold 20,000 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $28.78, for a total value of $575,600.00. Following the completion of the transaction, the insider owned 131,150 shares in the company, valued at $3,774,497. This represents a 13.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.40% of the stock is currently owned by corporate insiders.

BrightSpring Health Services Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.