Caxton Associates LLP Invests $344,000 in BrightSpring Health Services, Inc. $BTSG

Caxton Associates LLP acquired a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 8,062 shares of the company’s stock, valued at approximately $344,000.

A number of other large investors have also bought and sold shares of the business. AQR Capital Management LLC bought a new position in BrightSpring Health Services in the first quarter valued at approximately $276,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of BrightSpring Health Services by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,429 shares of the company’s stock valued at $587,000 after buying an additional 1,780 shares during the period. Millennium Management LLC increased its position in shares of 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 acquiring an additional 1,967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of BrightSpring Health Services by 11.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,280 shares of the company’s stock worth $2,664,000 after acquiring an additional 14,586 shares during the period. Finally, Prudential Financial Inc. bought a new stake in BrightSpring Health Services in the 2nd quarter valued at $351,000.

Wall Street Analysts Forecast Growth

BTSG has been the subject of a number of research reports. BMO Capital Markets set a $70.00 target price on BrightSpring Health Services in a report on Thursday, May 21st. KeyCorp increased their price objective on BrightSpring Health Services from $60.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Raymond James Financial started coverage on BrightSpring Health Services in a research note on Thursday, July 9th. They issued an “outperform” rating and a $80.00 target price on the stock. Mizuho upped their price target on BrightSpring Health Services from $52.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Finally, UBS Group raised their price target on shares of BrightSpring Health Services from $63.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, BrightSpring Health Services currently has a consensus rating of “Buy” and a consensus price target of $70.12.

Insider Activity at BrightSpring Health Services

In other BrightSpring Health Services news, insider Lisa A. Nalley sold 35,000 shares of the business’s stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jon B. Rousseau sold 130,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 1,194,503 shares in the company, valued at approximately $70,177,051.25. This represents a 9.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.80% of the company’s stock.

BrightSpring Health Services Trading Up 0.7%

Shares of NASDAQ:BTSG opened at $72.46 on Wednesday. The company’s 50-day moving average price is $65.83 and its two-hundred day moving average price is $51.34. BrightSpring Health Services, Inc. has a one year low of $19.01 and a one year high of $73.75. 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 $14.30 billion, a PE ratio of 51.39, a price-to-earnings-growth ratio of 0.91 and a beta of 1.79.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.10. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.BrightSpring Health Services’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. On average, equities analysts forecast that BrightSpring Health Services, Inc. will post 1.7 EPS for the current fiscal 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.