L & S Advisors Inc Sells 9,581 Shares of BrightSpring Health Services, Inc. $BTSG

L & S Advisors Inc lessened its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 11.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,478 shares of the company’s stock after selling 9,581 shares during the quarter. L & S Advisors Inc’s holdings in BrightSpring Health Services were worth $1,710,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Teacher Retirement System of Texas grew its position in shares of BrightSpring Health Services by 6.8% during the 1st 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 in the last quarter. Swiss National Bank boosted its stake in shares of BrightSpring Health Services by 0.9% in the first quarter. Swiss National Bank now owns 118,100 shares of the company’s stock valued at $2,136,000 after buying an additional 1,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in BrightSpring Health Services by 5.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,429 shares of the company’s stock worth $587,000 after buying an additional 1,780 shares in the last quarter. Millennium Management LLC increased its stake in BrightSpring Health Services by 0.3% during the 1st quarter. Millennium Management LLC now owns 577,885 shares of the company’s stock worth $10,454,000 after acquiring an additional 1,967 shares during the period. Finally, KLP Kapitalforvaltning AS raised its holdings in BrightSpring Health Services by 19.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 14,500 shares of the company’s stock valued at $342,000 after acquiring an additional 2,400 shares in the last quarter.

BrightSpring Health Services Trading Down 5.6%

BTSG opened at $31.75 on Friday. The company’s 50 day moving average is $29.92 and its 200-day moving average is $24.81. The company has a market cap of $5.73 billion, a P/E ratio of 52.05, a PEG ratio of 0.57 and a beta of 2.41. BrightSpring Health Services, Inc. has a 1-year low of $15.26 and a 1-year high of $35.01. The company has a current ratio of 1.79, a quick ratio of 1.38 and a debt-to-equity ratio of 1.36.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Monday, October 20th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The firm 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 11.61%. BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. FY 2025 guidance at EPS. Equities research analysts predict that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BTSG has been the topic of a number of recent analyst reports. Wall Street Zen upgraded BrightSpring Health Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Wells Fargo & Company raised their target price on shares of BrightSpring Health Services from $33.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday. Bank of America boosted their target price on shares of BrightSpring Health Services from $27.50 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Cowen reiterated a “buy” rating on shares of BrightSpring Health Services in a research report on Monday, August 4th. Finally, Zacks Research upgraded shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, BrightSpring Health Services has an average rating of “Buy” and a consensus target price of $35.73.

Insider Activity at BrightSpring Health Services

In other news, insider Lisa A. Nalley sold 20,000 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 value of $575,600.00. Following the completion of the sale, the insider owned 131,150 shares of the company’s stock, valued at approximately $3,774,497. This represents a 13.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jon B. Rousseau sold 235,000 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $28.78, for a total value of $6,763,300.00. Following the transaction, the insider owned 1,131,930 shares of the company’s stock, valued at $32,576,945.40. This trade represents a 17.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 3.40% of the company’s stock.

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.