28,508 Shares in BrightSpring Health Services, Inc. $BTSG Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC acquired a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the second quarter, Holdings Channel reports. The fund acquired 28,508 shares of the company’s stock, valued at approximately $1,988,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BTSG. NBC Securities Inc. purchased a new stake in shares of BrightSpring Health Services in the fourth quarter valued at $29,000. Salomon & Ludwin LLC acquired a new stake in BrightSpring Health Services during the 4th quarter worth about $30,000. GHP Investment Advisors Inc. purchased a new position in BrightSpring Health Services during the 1st quarter valued at about $31,000. EverSource Wealth Advisors LLC purchased a new position in BrightSpring Health Services during the 2nd quarter valued at about $43,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of BrightSpring Health Services in the first quarter worth approximately $52,000.

Analyst Ratings Changes

A number of brokerages recently commented on BTSG. Morgan Stanley boosted their price objective on shares of BrightSpring Health Services from $71.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $70.00 price target on shares of BrightSpring Health Services in a report on Monday, August 3rd. Guggenheim assumed coverage on BrightSpring Health Services in a report on Monday, July 13th. They set a “buy” rating and a $81.00 price objective for the company. The Goldman Sachs Group began coverage on BrightSpring Health Services in a research report on Monday, June 8th. They set a “buy” rating and a $71.00 price objective for the company. Finally, Wells Fargo & Company boosted their target price on BrightSpring Health Services from $61.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating and eighteen have assigned a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $70.71.

Insider Activity at BrightSpring Health Services

In other news, insider Jon B. Rousseau sold 130,000 shares of BrightSpring Health Services stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $58.75, for a total value 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 trade represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lisa A. Nalley sold 35,000 shares of the business’s stock in a transaction on 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 completion of the sale, the insider owned 131,948 shares of the company’s stock, valued at $7,751,945. The trade was a 20.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.80% of the stock is currently owned by insiders.

BrightSpring Health Services Stock Performance

BrightSpring Health Services stock opened at $61.71 on Monday. BrightSpring Health Services, Inc. has a one year low of $22.36 and a one year high of $73.75. The company’s fifty day moving average price is $66.64 and its two-hundred day moving average price is $53.48. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.59 and a quick ratio of 1.22. The company has a market capitalization of $12.21 billion, a price-to-earnings ratio of 37.17, a PEG ratio of 0.75 and a beta of 1.88.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.66 billion. BrightSpring Health Services had a return on equity of 16.73% and a net margin of 2.55%.The business’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, analysts forecast 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.