Teachers Retirement System of The State of Kentucky Buys Shares of 26,800 BrightSpring Health Services, Inc. $BTSG

Teachers Retirement System of The State of Kentucky bought a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 26,800 shares of the company’s stock, valued at approximately $1,004,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CWM LLC increased its stake in shares of BrightSpring Health Services by 17.5% in the fourth quarter. CWM LLC now owns 1,874 shares of the company’s stock worth $70,000 after purchasing an additional 279 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of BrightSpring Health Services in the fourth quarter worth $29,000. Salomon & Ludwin LLC purchased a new stake in shares of BrightSpring Health Services in the fourth quarter worth $30,000. Farther Finance Advisors LLC increased its stake in shares of BrightSpring Health Services by 112.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company’s stock worth $64,000 after purchasing an additional 910 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of BrightSpring Health Services by 13.7% in the third quarter. PNC Financial Services Group Inc. now owns 9,282 shares of the company’s stock worth $274,000 after purchasing an additional 1,121 shares in the last quarter.

Insider Buying and Selling

In related news, CFO Jennifer A. Phipps sold 35,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total transaction of $1,440,250.00. Following the completion of the transaction, the chief financial officer owned 196,840 shares in the company, valued at approximately $8,099,966. This represents a 15.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lisa A. Nalley sold 30,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total transaction of $1,234,500.00. Following the transaction, the insider owned 110,594 shares of the company’s stock, valued at approximately $4,550,943.10. This represents a 21.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 285,000 shares of company stock worth $11,727,750. 2.80% of the stock is owned by insiders.

BrightSpring Health Services Price Performance

Shares of NASDAQ:BTSG opened at $48.15 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.12 and a current ratio of 1.57. The firm has a fifty day moving average price of $43.35 and a 200 day moving average price of $38.66. BrightSpring Health Services, Inc. has a fifty-two week low of $17.12 and a fifty-two week high of $48.97. The firm has a market cap of $9.30 billion, a price-to-earnings ratio of 54.72, a P/E/G ratio of 0.64 and a beta of 2.03.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Friday, February 27th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). BrightSpring Health Services had a return on equity of 12.66% and a net margin of 1.48%.The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the prior year, the company posted $0.11 EPS. BrightSpring Health Services’s revenue was up 29.3% compared to the same quarter last year. As a group, sell-side analysts expect that BrightSpring Health Services, Inc. will post 1.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on BTSG shares. Zacks Research raised 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 increased their price objective on shares of BrightSpring Health Services from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. BTIG Research reissued a “buy” rating and issued a $55.00 price objective on shares of BrightSpring Health Services in a research note on Thursday, March 19th. Mizuho increased their price objective on shares of BrightSpring Health Services from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 18th. Finally, TD Cowen reissued a “buy” rating on shares of BrightSpring Health Services in a research note on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, BrightSpring Health Services currently has a consensus rating of “Buy” and an average target price of $45.50.

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.