Thrivent Financial for Lutherans Invests $2.92 Million in BrightSpring Health Services, Inc. $BTSG

Thrivent Financial for Lutherans acquired a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 78,073 shares of the company’s stock, valued at approximately $2,924,000.

A number of other hedge funds have also recently added to or reduced their stakes in BTSG. NBC Securities Inc. acquired a new stake in BrightSpring Health Services in the fourth quarter valued at about $29,000. Salomon & Ludwin LLC acquired a new stake in BrightSpring Health Services in the fourth quarter valued at about $30,000. EverSource Wealth Advisors LLC acquired a new stake in BrightSpring Health Services in the second quarter valued at about $43,000. Farther Finance Advisors LLC lifted its position in BrightSpring Health Services by 112.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company’s stock valued at $64,000 after purchasing an additional 910 shares during the period. Finally, CWM LLC lifted its position in shares of BrightSpring Health Services by 17.5% during the 4th quarter. CWM LLC now owns 1,874 shares of the company’s stock valued at $70,000 after acquiring an additional 279 shares during the period.

BrightSpring Health Services Price Performance

BTSG stock opened at $58.50 on Monday. The firm has a 50 day moving average of $47.64 and a 200-day moving average of $41.17. BrightSpring Health Services, Inc. has a 12-month low of $19.01 and a 12-month high of $59.65. The company has a current ratio of 1.74, a quick ratio of 1.38 and a debt-to-equity ratio of 1.24. The company has a market cap of $11.34 billion, a price-to-earnings ratio of 41.49, a PEG ratio of 0.77 and a beta of 1.71.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.39 earnings per share (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 company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the firm earned $0.14 EPS. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. As a group, equities analysts expect that BrightSpring Health Services, Inc. will post 1.64 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jon B. Rousseau sold 220,000 shares of BrightSpring Health Services stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total transaction of $9,053,000.00. Following the completion of the transaction, the insider directly owned 1,023,880 shares in the company, valued at $42,132,662. The trade was a 17.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jennifer A. Phipps sold 35,000 shares of BrightSpring Health Services stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total value of $1,440,250.00. Following the transaction, the chief financial officer owned 196,840 shares of the company’s stock, valued at $8,099,966. This represents a 15.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 285,000 shares of company stock worth $11,727,750 in the last ninety days. Insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. BTIG Research lifted their price target 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. BMO Capital Markets set a $70.00 price target on shares of BrightSpring Health Services in a research report on Thursday. TD Cowen lifted their price target on shares of BrightSpring Health Services from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $60.00 price target on shares of BrightSpring Health Services in a research report on Monday, May 4th. Finally, Zacks Research upgraded shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to data from MarketBeat.com, BrightSpring Health Services has a consensus rating of “Buy” and a consensus target price of $57.00.

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.