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 dated 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 sale, the insider directly 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 Securities & Exchange Commission, which is available at this hyperlink.

BrightSpring Health Services Stock Performance

NASDAQ BTSG remained flat at $57.40 during trading on Friday. 7,973,138 shares of the company’s stock traded hands, compared to its average volume of 2,592,006. The stock has a market capitalization 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 1-year low of $19.01 and a 1-year high of $62.11. 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.

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

Wall Street Analysts Forecast Growth

BTSG has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on shares of BrightSpring Health Services from $50.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, May 4th. TD Cowen upped their price objective 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. Morgan Stanley increased their price target on shares of BrightSpring Health Services from $62.00 to $71.00 and gave the stock an “overweight” rating in a report on Tuesday. Leerink Partners reissued an “outperform” rating and issued a $49.00 price target on shares of BrightSpring Health Services in a report on Wednesday, March 18th. Finally, Zacks Research raised shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $57.64.

Institutional Investors Weigh In On BrightSpring Health Services

A number of institutional investors and hedge funds have recently modified their holdings of the company. Arete Wealth Advisors LLC purchased a new stake in shares of BrightSpring Health Services in the first quarter worth about $2,486,000. Bank of America Corp DE increased its position in shares of BrightSpring Health Services by 48.7% in the first quarter. Bank of America Corp DE now owns 1,534,154 shares of the company’s stock worth $65,370,000 after purchasing an additional 502,786 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of BrightSpring Health Services by 452.3% in the first quarter. Janus Henderson Group PLC now owns 228,941 shares of the company’s stock worth $9,756,000 after purchasing an additional 187,485 shares during the last quarter. Smith Group Asset Management LLC increased its position in shares of BrightSpring Health Services by 1.8% in the first quarter. Smith Group Asset Management LLC now owns 53,170 shares of the company’s stock worth $2,266,000 after purchasing an additional 927 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of BrightSpring Health Services by 23.3% in the first quarter. EverSource Wealth Advisors LLC now owns 4,718 shares of the company’s stock worth $201,000 after purchasing an additional 892 shares during the last quarter.

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.