Empowered Funds LLC Buys New Holdings in BrightSpring Health Services, Inc. $BTSG

Empowered Funds LLC acquired a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 125,842 shares of the company’s stock, valued at approximately $8,776,000. Empowered Funds LLC owned about 0.06% of BrightSpring Health Services at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BTSG. Allworth Financial LP purchased a new stake in BrightSpring Health Services during the second quarter worth about $28,000. GHP Investment Advisors Inc. bought a new position in shares of BrightSpring Health Services during the 1st quarter valued at about $31,000. EverSource Wealth Advisors LLC bought a new position in BrightSpring Health Services in the second quarter worth about $43,000. Kilter Group LLC bought a new position in BrightSpring Health Services during the 2nd quarter valued at approximately $50,000. Finally, Meeder Asset Management Inc. bought a new stake in BrightSpring Health Services during the 1st quarter valued at about $52,000.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BTSG shares. BMO Capital Markets set a $70.00 price target on shares of BrightSpring Health Services in a report on Thursday, May 21st. UBS Group lifted their target price on BrightSpring Health Services from $63.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Wall Street Zen lowered BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 23rd. Stephens raised their price objective on BrightSpring Health Services from $53.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company boosted their target price on BrightSpring Health Services from $61.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the company’s stock. According to MarketBeat, BrightSpring Health Services has a consensus rating of “Buy” and a consensus price target of $70.71.

Insider Activity at BrightSpring Health Services

In other BrightSpring Health Services news, insider Jon B. Rousseau sold 130,000 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 value of $7,637,500.00. Following the completion of the transaction, the insider directly owned 1,194,503 shares in the company, valued at approximately $70,177,051.25. The trade was a 9.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the insider owned 131,948 shares in the company, valued at approximately $7,751,945. This trade represents a 20.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.80% of the stock is currently owned by insiders.

BrightSpring Health Services Stock Performance

Shares of BTSG stock opened at $59.13 on Friday. BrightSpring Health Services, Inc. has a 12 month low of $22.86 and a 12 month high of $73.75. The company has a market cap of $11.70 billion, a P/E ratio of 35.62, a PEG ratio of 0.71 and a beta of 1.88. The company has a current ratio of 1.59, a quick ratio of 1.22 and a debt-to-equity ratio of 1.06. The firm has a fifty day moving average price of $65.91 and a 200 day moving average price of $54.81.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. BrightSpring Health Services had a return on equity of 16.73% and a net margin of 2.55%.The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the company posted $0.22 earnings per share. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. Sell-side analysts predict that BrightSpring Health Services, Inc. will post 1.82 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.