Lisanti Capital Growth LLC Makes New Investment in BrightSpring Health Services, Inc. $BTSG

Lisanti Capital Growth LLC purchased a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 154,620 shares of the company’s stock, valued at approximately $10,783,000. BrightSpring Health Services makes up 2.4% of Lisanti Capital Growth LLC’s holdings, making the stock its 2nd largest position.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in BrightSpring Health Services by 30.5% during the fourth quarter. Vanguard Group Inc. now owns 12,533,656 shares of the company’s stock worth $469,385,000 after purchasing an additional 2,928,953 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of BrightSpring Health Services by 4.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,662,236 shares of the company’s stock worth $399,302,000 after purchasing an additional 478,436 shares during the last quarter. Invesco Ltd. boosted its position in shares of BrightSpring Health Services by 13.4% during the 4th quarter. Invesco Ltd. now owns 10,595,232 shares of the company’s stock worth $396,791,000 after acquiring an additional 1,248,107 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in BrightSpring Health Services by 21.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,123,865 shares of the company’s stock valued at $229,339,000 after purchasing an additional 1,091,757 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of BrightSpring Health Services by 12.1% in the 2nd quarter. Alliancebernstein L.P. now owns 5,450,085 shares of the company’s stock valued at $128,568,000 after buying an additional 588,642 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently commented on BTSG shares. Guggenheim assumed coverage on BrightSpring Health Services in a research report on Monday, July 13th. They set a “buy” rating and a $81.00 target price on the stock. The Goldman Sachs Group assumed coverage on BrightSpring Health Services in a research report on Monday, June 8th. They issued a “buy” rating and a $71.00 target price for the company. BMO Capital Markets set a $70.00 price target on BrightSpring Health Services in a research report on Thursday, May 21st. Raymond James Financial assumed coverage on BrightSpring Health Services in a research report on Thursday, July 9th. They set an “outperform” rating and a $80.00 price target on the stock. Finally, TD Cowen boosted their price objective on BrightSpring Health Services from $65.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the stock. According to data from MarketBeat.com, BrightSpring Health Services presently has an average rating of “Buy” and a consensus price target of $70.71.

BrightSpring Health Services Trading Down 0.3%

Shares of BrightSpring Health Services stock opened at $59.33 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.22 and a current ratio of 1.59. The company has a market capitalization of $11.74 billion, a P/E ratio of 35.74, a PEG ratio of 0.73 and a beta of 1.88. BrightSpring Health Services, Inc. has a 1 year low of $22.86 and a 1 year high of $73.75. The company’s fifty day moving average is $66.61 and its two-hundred day moving average is $53.91.

BrightSpring Health Services (NASDAQ:BTSG) last announced its earnings results on Friday, July 31st. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. BrightSpring Health Services had a net margin of 2.55% and a return on equity of 16.73%. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the prior year, the company earned $0.22 earnings per share. The business’s revenue was up 23.0% compared to the same quarter last year. Analysts forecast that BrightSpring Health Services, Inc. will post 1.78 earnings per share for the current year.

Insider Activity

In other BrightSpring Health Services news, insider Jon B. Rousseau sold 130,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $58.75, for a total transaction of $7,637,500.00. Following the completion of the sale, the insider directly owned 1,194,503 shares of the company’s stock, valued at $70,177,051.25. This represents a 9.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa A. Nalley sold 35,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $58.75, for a total value of $2,056,250.00. Following the sale, the insider directly owned 131,948 shares of the company’s stock, valued at $7,751,945. The trade was a 20.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.80% of the company’s stock.

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.