18,609 Shares in BrightSpring Health Services, Inc. $BTSG Acquired by Westover Capital Advisors LLC

Westover Capital Advisors LLC purchased a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 18,609 shares of the company’s stock, valued at approximately $697,000.

Several other large investors have also made changes to their positions in BTSG. AQR Capital Management LLC acquired a new stake in shares of BrightSpring Health Services during the 1st quarter worth approximately $276,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of BrightSpring Health Services by 5.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,429 shares of the company’s stock worth $587,000 after acquiring an additional 1,780 shares in the last quarter. Millennium Management LLC boosted its position in shares of BrightSpring Health Services by 0.3% during the 1st 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 boosted its position in shares of BrightSpring Health Services by 11.0% during the 1st 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 in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of BrightSpring Health Services during the 2nd quarter worth approximately $351,000.

Insider Buying and Selling

In related news, insider Jon B. Rousseau sold 220,000 shares of BrightSpring Health Services stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total transaction of $9,053,000.00. Following the completion of the transaction, the insider owned 1,023,880 shares of the company’s stock, valued at $42,132,662. This trade represents a 17.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa A. Nalley sold 30,000 shares of BrightSpring Health Services stock in a transaction on 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 transaction, the insider directly owned 110,594 shares of the company’s stock, valued at $4,550,943.10. This represents a 21.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 285,000 shares of company stock valued at $11,727,750 over the last quarter. Insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on BTSG shares. BTIG Research increased their price target on shares of BrightSpring Health Services from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $60.00 target price on shares of BrightSpring Health Services in a research report on Monday, May 4th. Leerink Partners restated an “outperform” rating and issued a $49.00 target price on shares of BrightSpring Health Services in a research report on Wednesday, March 18th. Weiss Ratings upgraded shares of BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Cantor Fitzgerald set a $49.00 target price on shares of BrightSpring Health Services in a research report on Monday, March 2nd. Two investment 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 has a consensus rating of “Buy” and an average target price of $57.00.

BrightSpring Health Services Price Performance

Shares of NASDAQ BTSG opened at $58.50 on Monday. BrightSpring Health Services, Inc. has a twelve month low of $19.01 and a twelve month high of $59.65. The firm has a fifty day simple moving average of $47.64 and a 200 day simple moving average of $41.17. The company has a market capitalization of $11.34 billion, a PE ratio of 41.49, a P/E/G ratio of 0.77 and a beta of 1.71. The company has a quick ratio of 1.38, a current ratio of 1.74 and a debt-to-equity ratio of 1.24.

BrightSpring Health Services (NASDAQ:BTSG) last announced 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 business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter last year, the firm earned $0.14 earnings per share. BrightSpring Health Services’s quarterly revenue was up 25.6% on a year-over-year basis. On average, sell-side analysts forecast that BrightSpring Health Services, Inc. will post 1.64 EPS for the current year.

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.