7,758 Shares in BrightSpring Health Services, Inc. $BTSG Purchased by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. acquired a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the 1st quarter, HoldingsChannel reports. The fund acquired 7,758 shares of the company’s stock, valued at approximately $331,000.

Several other large investors have also modified their holdings of BTSG. SG Americas Securities LLC boosted its holdings in BrightSpring Health Services by 1,221.9% during the 4th quarter. SG Americas Securities LLC now owns 183,103 shares of the company’s stock valued at $6,857,000 after acquiring an additional 169,251 shares during the period. New York State Teachers Retirement System purchased a new stake in BrightSpring Health Services in the fourth quarter worth $1,311,000. State of Alaska Department of Revenue increased its stake in BrightSpring Health Services by 540.6% in the fourth quarter. State of Alaska Department of Revenue now owns 68,973 shares of the company’s stock worth $2,582,000 after purchasing an additional 58,206 shares during the period. Allspring Global Investments Holdings LLC increased its stake in BrightSpring Health Services by 701.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 255,902 shares of the company’s stock worth $9,827,000 after purchasing an additional 223,988 shares during the period. Finally, Capricorn Fund Managers Ltd bought a new stake in shares of BrightSpring Health Services during the fourth quarter worth $3,745,000.

Insider Transactions at BrightSpring Health Services

In other news, insider Jon B. Rousseau sold 130,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $58.75, for a total transaction of $7,637,500.00. Following the transaction, the insider directly owned 1,194,503 shares in the company, valued at approximately $70,177,051.25. This trade represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lisa A. Nalley sold 35,000 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 131,948 shares in the company, valued at approximately $7,751,945. This represents a 20.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BTSG shares. Mizuho boosted their target price on shares of BrightSpring Health Services from $52.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group assumed coverage on shares of BrightSpring Health Services in a research note on Monday, June 8th. They issued a “buy” rating and a $71.00 price target on the stock. Morgan Stanley lifted their price objective on shares of BrightSpring Health Services from $71.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. BMO Capital Markets set a $70.00 price objective on shares of BrightSpring Health Services in a research report on Thursday, May 21st. Finally, TD Cowen upped their target price on shares of BrightSpring Health Services from $65.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, BrightSpring Health Services presently has an average rating of “Buy” and an average target price of $70.12.

BrightSpring Health Services Price Performance

BTSG opened at $70.69 on Friday. BrightSpring Health Services, Inc. has a 12-month low of $19.01 and a 12-month high of $72.22. 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 business’s fifty day simple moving average is $63.76 and its 200-day simple moving average is $49.64. The company has a market capitalization of $13.95 billion, a price-to-earnings ratio of 50.14, a PEG ratio of 0.89 and a beta of 1.79.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings data on Friday, May 1st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.10. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. On average, equities research analysts anticipate that BrightSpring Health Services, Inc. will post 1.7 earnings per share for the current fiscal year.

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.