Lisa Nalley Sells 35,000 Shares of BrightSpring Health Services (NASDAQ:BTSG) Stock

BrightSpring Health Services, Inc. (NASDAQ:BTSG) insider Lisa Nalley sold 35,000 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

BrightSpring Health Services Price Performance

Shares of BTSG stock remained flat at $57.40 during trading on Friday. 7,973,138 shares of the company traded hands, compared to its average volume of 2,592,006. The company has a quick ratio of 1.38, a current ratio of 1.74 and a debt-to-equity ratio of 1.24. The business’s 50 day simple moving average is $51.00 and its 200-day simple moving average is $42.89. The firm has a market cap of $11.13 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 0.79 and a beta of 1.87. BrightSpring Health Services, Inc. has a one year low of $19.01 and a one year high of $62.11.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. On average, research analysts predict that BrightSpring Health Services, Inc. will post 1.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. NBC Securities Inc. bought a new position in shares of BrightSpring Health Services in the fourth quarter worth approximately $29,000. Salomon & Ludwin LLC bought a new position in shares of BrightSpring Health Services in the fourth quarter worth approximately $30,000. GHP Investment Advisors Inc. bought a new position in shares of BrightSpring Health Services in the first quarter worth approximately $31,000. EverSource Wealth Advisors LLC bought a new position in shares of BrightSpring Health Services in the second quarter worth approximately $43,000. Finally, Meeder Asset Management Inc. bought a new position in shares of BrightSpring Health Services in the first quarter worth approximately $52,000.

Analysts Set New Price Targets

A number of brokerages have commented on BTSG. Cantor Fitzgerald set a $49.00 price target on shares of BrightSpring Health Services in a research report on Monday, March 2nd. Wall Street Zen cut shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 23rd. BTIG Research increased their price target on shares of BrightSpring Health Services from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Mizuho increased their price target on shares of BrightSpring Health Services from $52.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Finally, BMO Capital Markets set a $70.00 price target on shares of BrightSpring Health Services in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $57.64.

BrightSpring Health Services Company 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.