BrightSpring Health Services (NASDAQ:BTSG) Insider Jon Rousseau Sells 235,000 Shares

BrightSpring Health Services, Inc. (NASDAQ:BTSG) insider Jon Rousseau sold 235,000 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $28.78, for a total transaction of $6,763,300.00. Following the completion of the sale, the insider directly owned 1,131,930 shares in the company, valued at $32,576,945.40. This trade represents a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

BrightSpring Health Services Stock Performance

BrightSpring Health Services stock opened at $32.94 on Thursday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.76 and a quick ratio of 1.34. BrightSpring Health Services, Inc. has a 1-year low of $14.73 and a 1-year high of $33.16. The firm has a market capitalization of $5.96 billion, a P/E ratio of 54.00, a price-to-earnings-growth ratio of 0.49 and a beta of 2.40. The company’s 50-day moving average is $26.87 and its 200 day moving average is $22.95.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings data on Monday, October 20th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.16 billion. BrightSpring Health Services had a net margin of 1.04% and a return on equity of 11.83%. BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. FY 2025 guidance at EPS. Research analysts forecast that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Hedge Funds Weigh In On BrightSpring Health Services

Hedge funds and other institutional investors have recently modified their holdings of the business. Northern Trust Corp boosted its stake in shares of BrightSpring Health Services by 5.8% during the first quarter. Northern Trust Corp now owns 566,623 shares of the company’s stock valued at $10,250,000 after purchasing an additional 31,289 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of BrightSpring Health Services by 9.0% during the first quarter. Voya Investment Management LLC now owns 199,711 shares of the company’s stock valued at $3,613,000 after purchasing an additional 16,434 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of BrightSpring Health Services by 131.8% during the first quarter. New York State Common Retirement Fund now owns 37,918 shares of the company’s stock valued at $686,000 after purchasing an additional 21,563 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in BrightSpring Health Services by 145.1% in the first quarter. Adage Capital Partners GP L.L.C. now owns 939,529 shares of the company’s stock valued at $16,996,000 after acquiring an additional 556,152 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in BrightSpring Health Services by 6.8% in the first quarter. Teacher Retirement System of Texas now owns 14,650 shares of the company’s stock worth $265,000 after purchasing an additional 932 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BrightSpring Health Services in a research report on Wednesday, October 8th. Jefferies Financial Group set a $36.00 target price on shares of BrightSpring Health Services and gave the stock a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of BrightSpring Health Services and gave the stock a “buy” rating in a research report on Monday, September 8th. Finally, Wells Fargo & Company raised their target price on shares of BrightSpring Health Services from $27.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.56.

BrightSpring Health Services Company Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.