Swiss Life Asset Management Ltd Purchases New Position in BrightSpring Health Services, Inc. $BTSG

Swiss Life Asset Management Ltd purchased a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,549 shares of the company’s stock, valued at approximately $358,000.

Other large investors have also added to or reduced their stakes in the company. Lisanti Capital Growth LLC bought a new stake in BrightSpring Health Services in the 3rd quarter worth approximately $1,959,000. Federated Hermes Inc. grew its position in BrightSpring Health Services by 44.8% in the 3rd quarter. Federated Hermes Inc. now owns 319,200 shares of the company’s stock worth $9,436,000 after purchasing an additional 98,745 shares during the period. Prescott Group Capital Management L.L.C. bought a new stake in BrightSpring Health Services in the 3rd quarter worth approximately $887,000. Bailard Inc. bought a new stake in BrightSpring Health Services in the 3rd quarter worth approximately $378,000. Finally, Vanguard Group Inc. grew its position in BrightSpring Health Services by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 9,604,703 shares of the company’s stock worth $283,915,000 after purchasing an additional 576,906 shares during the period.

BrightSpring Health Services Trading Down 3.0%

Shares of BrightSpring Health Services stock opened at $56.18 on Tuesday. The company’s fifty day simple moving average is $46.33 and its 200-day simple moving average is $40.48. The stock has a market capitalization of $10.89 billion, a PE ratio of 39.84, a P/E/G ratio of 0.76 and a beta of 1.71. BrightSpring Health Services, Inc. has a 1-year low of $19.01 and a 1-year high of $59.00. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.74 and a quick ratio of 1.38.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $0.14 EPS. As a group, equities analysts anticipate that BrightSpring Health Services, Inc. will post 1.64 earnings per share for the current year.

Insider Transactions at BrightSpring Health Services

In other news, insider Lisa A. Nalley sold 30,000 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 $1,234,500.00. Following the transaction, the insider owned 110,594 shares in the company, valued at $4,550,943.10. This trade represents a 21.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the insider owned 1,023,880 shares in the company, valued at approximately $42,132,662. This trade represents a 17.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 285,000 shares of company stock worth $11,727,750 in the last 90 days. 2.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BTSG. BMO Capital Markets lifted their target price on shares of BrightSpring Health Services from $52.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Mizuho lifted their target price on shares of BrightSpring Health Services from $52.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Leerink Partners reaffirmed an “outperform” rating and issued a $49.00 target price on shares of BrightSpring Health Services in a research report on Wednesday, March 18th. TD Cowen lifted their target price on shares of BrightSpring Health Services from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Zacks Research raised shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, BrightSpring Health Services has a consensus rating of “Buy” and a consensus price target of $56.29.

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.