MRA Advisory Group Purchases Shares of 12,747 BrightSpring Health Services, Inc. $BTSG

MRA Advisory Group acquired a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,747 shares of the company’s stock, valued at approximately $889,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC bought a new position in shares of BrightSpring Health Services in the first quarter valued at approximately $276,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in BrightSpring Health Services by 5.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,429 shares of the company’s stock worth $587,000 after buying an additional 1,780 shares in the last quarter. Millennium Management LLC grew its holdings in BrightSpring Health Services by 0.3% during the first quarter. Millennium Management LLC now owns 577,885 shares of the company’s stock worth $10,454,000 after buying an additional 1,967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in BrightSpring Health Services by 11.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,280 shares of the company’s stock valued at $2,664,000 after buying an additional 14,586 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new stake in BrightSpring Health Services in the 2nd quarter valued at $351,000.

Wall Street Analysts Forecast Growth

BTSG has been the topic of a number of analyst reports. Zacks Research raised shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday. KeyCorp reissued an “overweight” rating on shares of BrightSpring Health Services in a research report on Monday. The Goldman Sachs Group initiated coverage on shares of BrightSpring Health Services in a research report on Monday, June 8th. They issued a “buy” rating and a $71.00 price objective for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of BrightSpring Health Services in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $70.00 target price on shares of BrightSpring Health Services in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating and eighteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat, BrightSpring Health Services has an average rating of “Buy” and a consensus price target of $70.71.

Insider Buying and Selling

In other BrightSpring Health Services news, insider Lisa A. Nalley sold 35,000 shares of BrightSpring Health Services stock in a transaction on Friday, June 5th. The shares were sold at an average price of $58.75, for a total transaction of $2,056,250.00. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jon B. Rousseau sold 130,000 shares of BrightSpring Health Services stock in a transaction on 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 sale, the insider directly owned 1,194,503 shares of the company’s stock, valued at $70,177,051.25. This trade represents a 9.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.80% of the company’s stock.

BrightSpring Health Services Trading Up 3.0%

Shares of NASDAQ BTSG opened at $62.43 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.22 and a debt-to-equity ratio of 1.06. BrightSpring Health Services, Inc. has a one year low of $20.51 and a one year high of $73.75. The business has a 50-day moving average price of $66.52 and a two-hundred day moving average price of $52.66. The firm has a market capitalization of $12.35 billion, a PE ratio of 37.61, a PEG ratio of 0.74 and a beta of 1.88.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Friday, July 31st. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.66 billion. BrightSpring Health Services had a return on equity of 16.73% and a net margin of 2.55%.The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. As a group, analysts predict that BrightSpring Health Services, Inc. will post 1.78 earnings per share for the current fiscal year.

About BrightSpring Health Services

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.