Lisanti Capital Growth LLC Makes New $1.96 Million Investment in BrightSpring Health Services, Inc. $BTSG

Lisanti Capital Growth LLC acquired a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 66,270 shares of the company’s stock, valued at approximately $1,959,000.

Several other institutional investors have also recently modified their holdings of BTSG. CWM LLC lifted its position in BrightSpring Health Services by 105.3% in the 3rd quarter. CWM LLC now owns 1,595 shares of the company’s stock worth $47,000 after buying an additional 818 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of BrightSpring Health Services during the second quarter worth approximately $43,000. Amalgamated Bank lifted its holdings in shares of BrightSpring Health Services by 62.7% in the 3rd quarter. Amalgamated Bank now owns 3,041 shares of the company’s stock worth $90,000 after acquiring an additional 1,172 shares during the last quarter. Sandia Investment Management LP bought a new stake in shares of BrightSpring Health Services in the 2nd quarter worth approximately $118,000. Finally, Penserra Capital Management LLC purchased a new stake in shares of BrightSpring Health Services in the 2nd quarter valued at $139,000.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BTSG. TD Cowen reiterated a “buy” rating on shares of BrightSpring Health Services in a research report on Tuesday. Bank of America raised their price objective on BrightSpring Health Services from $38.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. CJS Securities raised BrightSpring Health Services to a “strong-buy” rating in a research note on Thursday, December 11th. Zacks Research lowered BrightSpring Health Services from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, BTIG Research lifted their price target on BrightSpring Health Services from $41.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, December 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.92.

BrightSpring Health Services Trading Down 1.4%

BTSG opened at $39.27 on Friday. BrightSpring Health Services, Inc. has a one year low of $15.48 and a one year high of $41.03. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.79 and a quick ratio of 1.38. The business has a 50 day simple moving average of $37.61 and a two-hundred day simple moving average of $30.56. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 64.38, a PEG ratio of 0.54 and a beta of 2.35.

BrightSpring Health Services 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.