UBS Group AG Cuts Stake in BrightSpring Health Services, Inc. $BTSG

UBS Group AG reduced its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 3.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 644,460 shares of the company’s stock after selling 20,266 shares during the quarter. UBS Group AG’s holdings in BrightSpring Health Services were worth $24,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in shares of BrightSpring Health Services in the 4th quarter worth about $29,000. Salomon & Ludwin LLC purchased a new position in shares of BrightSpring Health Services in the 4th quarter worth about $30,000. EverSource Wealth Advisors LLC purchased a new position in shares of BrightSpring Health Services in the 2nd quarter worth about $43,000. CWM LLC boosted its holdings in shares of BrightSpring Health Services by 105.3% in the 3rd quarter. CWM LLC now owns 1,595 shares of the company’s stock worth $47,000 after buying an additional 818 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of BrightSpring Health Services by 112.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company’s stock worth $64,000 after buying an additional 910 shares during the last quarter.

Analysts Set New Price Targets

BTSG has been the topic of a number of research analyst reports. Stephens boosted their price target on shares of BrightSpring Health Services from $53.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. BMO Capital Markets upped their price objective on shares of BrightSpring Health Services from $52.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Cantor Fitzgerald set a $49.00 price objective on shares of BrightSpring Health Services in a report on Monday, March 2nd. BTIG Research upped their price objective on shares of BrightSpring Health Services from $55.00 to $65.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Weiss Ratings raised shares of BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to data from MarketBeat, BrightSpring Health Services presently has an average rating of “Buy” and an average target price of $56.29.

BrightSpring Health Services Stock Performance

Shares of BrightSpring Health Services stock opened at $54.83 on Monday. BrightSpring Health Services, Inc. has a 12-month low of $19.01 and a 12-month high of $54.95. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 0.75 and a beta of 1.71. The company has a current ratio of 1.74, a quick ratio of 1.38 and a debt-to-equity ratio of 1.24. The company’s 50-day moving average price is $44.21 and its 200-day moving average price is $39.32.

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

Insider Activity at BrightSpring Health Services

In related news, insider Lisa A. Nalley sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total value of $1,234,500.00. Following the sale, the insider directly owned 110,594 shares of the company’s stock, valued at $4,550,943.10. This trade represents a 21.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jennifer A. Phipps sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total transaction of $1,440,250.00. Following the completion of the sale, the chief financial officer directly owned 196,840 shares in the company, valued at $8,099,966. This represents a 15.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 285,000 shares of company stock valued at $11,727,750. Company insiders own 2.80% of the company’s stock.

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.