Twin Tree Management LP Buys Shares of 9,178 BrightSpring Health Services, Inc. $BTSG

Twin Tree Management LP bought a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,178 shares of the company’s stock, valued at approximately $344,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in BrightSpring Health Services by 30.5% during the 4th quarter. Vanguard Group Inc. now owns 12,533,656 shares of the company’s stock valued at $469,385,000 after acquiring an additional 2,928,953 shares in the last quarter. Invesco Ltd. boosted its position in BrightSpring Health Services by 2.5% during the 3rd quarter. Invesco Ltd. now owns 9,347,125 shares of the company’s stock valued at $276,301,000 after acquiring an additional 227,717 shares in the last quarter. Alliancebernstein L.P. boosted its position in BrightSpring Health Services by 12.1% during the 2nd quarter. Alliancebernstein L.P. now owns 5,450,085 shares of the company’s stock valued at $128,568,000 after acquiring an additional 588,642 shares in the last quarter. Geode Capital Management LLC boosted its position in BrightSpring Health Services by 16.4% during the 4th quarter. Geode Capital Management LLC now owns 2,746,011 shares of the company’s stock valued at $102,855,000 after acquiring an additional 386,186 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in BrightSpring Health Services by 936.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,276,583 shares of the company’s stock valued at $53,705,000 after acquiring an additional 2,056,920 shares in the last quarter.

Analyst Ratings Changes

BTSG has been the topic of several recent research reports. KeyCorp increased their target price on BrightSpring Health Services from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. The Goldman Sachs Group initiated coverage on BrightSpring Health Services in a research report on Monday. They set a “buy” rating and a $71.00 target price on the stock. Wells Fargo & Company increased their target price on BrightSpring Health Services from $50.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. BMO Capital Markets set a $70.00 target price on BrightSpring Health Services in a research report on Thursday, May 21st. Finally, UBS Group raised their price objective on BrightSpring Health Services from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $58.53.

BrightSpring Health Services Stock Up 3.0%

BrightSpring Health Services stock opened at $61.00 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.74 and a quick ratio of 1.38. The stock has a market capitalization of $12.03 billion, a price-to-earnings ratio of 43.26, a PEG ratio of 0.76 and a beta of 1.87. BrightSpring Health Services, Inc. has a 1-year low of $19.01 and a 1-year high of $62.11. The business has a fifty day moving average price of $51.95 and a 200-day moving average price of $43.47.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Friday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. Equities research analysts forecast that BrightSpring Health Services, Inc. will post 1.67 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jon B. Rousseau sold 130,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $58.75, for a total value of $7,637,500.00. Following the completion of the transaction, the insider owned 1,194,503 shares in the company, valued at $70,177,051.25. This trade represents a 9.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lisa A. Nalley sold 35,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $58.75, for a total value of $2,056,250.00. Following the completion of the transaction, the insider owned 131,948 shares of the company’s stock, valued at $7,751,945. This trade represents a 20.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.80% of the company’s stock.

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.