37,059 Shares in BrightSpring Health Services, Inc. $BTSG Bought by Inspire Investing LLC

Inspire Investing LLC acquired a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,059 shares of the company’s stock, valued at approximately $1,579,000.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings 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 worth $469,385,000 after buying an additional 2,928,953 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of BrightSpring Health Services by 4.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,662,236 shares of the company’s stock valued at $399,302,000 after buying an additional 478,436 shares during the period. Invesco Ltd. raised its position in shares of BrightSpring Health Services by 13.4% during the fourth quarter. Invesco Ltd. now owns 10,595,232 shares of the company’s stock worth $396,791,000 after acquiring an additional 1,248,107 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of BrightSpring Health Services by 21.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,123,865 shares of the company’s stock worth $229,339,000 after acquiring an additional 1,091,757 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of BrightSpring Health Services by 12.1% in the second quarter. Alliancebernstein L.P. now owns 5,450,085 shares of the company’s stock worth $128,568,000 after acquiring an additional 588,642 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. BTIG Research upped their target price on BrightSpring Health Services from $65.00 to $90.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Stephens boosted their price target on shares of BrightSpring Health Services from $53.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Morgan Stanley upped their price objective on shares of BrightSpring Health Services from $62.00 to $71.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Leerink Partners reiterated an “outperform” rating and set a $49.00 price objective on shares of BrightSpring Health Services in a research report on Wednesday, March 18th. Finally, Weiss Ratings raised shares of BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $61.27.

Insider Activity

In other news, insider Jon B. Rousseau sold 130,000 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $58.75, for a total transaction of $7,637,500.00. Following the transaction, the insider owned 1,194,503 shares of the company’s stock, valued at $70,177,051.25. This represents a 9.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lisa A. Nalley sold 35,000 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $58.75, for a total transaction of $2,056,250.00. Following the transaction, the insider directly owned 131,948 shares in the company, valued at $7,751,945. This trade represents a 20.96% decrease in their position. The SEC filing for this sale provides additional information. 2.80% of the stock is currently owned by corporate insiders.

BrightSpring Health Services Stock Performance

Shares of BTSG stock opened at $69.85 on Thursday. The firm has a 50 day moving average of $58.84 and a 200-day moving average of $46.96. The company has a market cap of $13.78 billion, a price-to-earnings ratio of 49.54, a price-to-earnings-growth ratio of 0.90 and a beta of 1.79. The company has a quick ratio of 1.38, a current ratio of 1.74 and a debt-to-equity ratio of 1.24. BrightSpring Health Services, Inc. has a 52 week low of $19.01 and a 52 week high of $70.72.

BrightSpring Health Services (NASDAQ:BTSG) last released its 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. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. BrightSpring Health Services had a net margin of 2.27% and a return on equity of 14.63%. BrightSpring Health Services’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. On average, equities analysts forecast that BrightSpring Health Services, Inc. will post 1.67 earnings per share for the current year.

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.