Swiss Life Asset Management Ltd Buys New Shares in BrightSpring Health Services, Inc. $BTSG

Swiss Life Asset Management Ltd bought a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 9,549 shares of the company’s stock, valued at approximately $358,000.

A number of other large investors also recently modified their holdings of the company. Truist Financial Corp purchased a new position in shares of BrightSpring Health Services during the 4th quarter valued at $306,000. Strs Ohio purchased a new position in shares of BrightSpring Health Services during the 4th quarter valued at $202,000. New York State Teachers Retirement System purchased a new position in shares of BrightSpring Health Services during the 4th quarter valued at $1,311,000. State of New Jersey Common Pension Fund D bought a new stake in BrightSpring Health Services in the 4th quarter valued at $2,560,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in BrightSpring Health Services by 29.8% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 13,240 shares of the company’s stock valued at $496,000 after acquiring an additional 3,036 shares during the last quarter.

Insider Transactions at BrightSpring Health Services

In other news, CFO Jennifer A. Phipps sold 35,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total value of $1,440,250.00. Following the sale, the chief financial officer directly owned 196,840 shares in the company, valued at $8,099,966. The trade was a 15.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lisa A. Nalley sold 30,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total transaction of $1,234,500.00. Following the completion of the sale, the insider owned 110,594 shares in the company, valued at approximately $4,550,943.10. This trade represents a 21.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 285,000 shares of company stock worth $11,727,750 in the last three months. Insiders own 2.80% of the company’s stock.

BrightSpring Health Services Stock Performance

BrightSpring Health Services stock opened at $56.18 on Tuesday. The company’s 50-day moving average price is $46.33 and its 200-day moving average price is $40.48. BrightSpring Health Services, Inc. has a twelve month low of $19.01 and a twelve month high of $59.00. 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 company has a market cap of $10.89 billion, a PE ratio of 39.84, a price-to-earnings-growth ratio of 0.76 and a beta of 1.71.

BrightSpring Health Services (NASDAQ:BTSG) last posted its earnings results on Friday, May 1st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. BrightSpring Health Services had a net margin of 2.27% and a return on equity of 14.63%. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the firm posted $0.14 EPS. The business’s quarterly revenue was up 25.6% on a year-over-year basis. On average, equities research analysts forecast that BrightSpring Health Services, Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BTSG has been the topic of a number of research reports. UBS Group lifted their price target on shares of BrightSpring Health Services from $53.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. Wall Street Zen upgraded shares of BrightSpring Health Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. TD Cowen lifted their price target on shares of BrightSpring Health Services from $60.00 to $65.00 and gave the company a “buy” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $60.00 price target on shares of BrightSpring Health Services in a report on Monday, May 4th. Finally, Zacks Research upgraded shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $56.29.

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.