BrightSpring Health Services, Inc. $BTSG Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 19.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 147,539 shares of the company’s stock after selling 34,999 shares during the quarter. Royce & Associates LP’s holdings in BrightSpring Health Services were worth $5,525,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BTSG. AQR Capital Management LLC acquired a new position in BrightSpring Health Services in the 1st quarter worth $276,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in BrightSpring Health Services by 5.8% in the 1st 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 lifted its holdings in BrightSpring Health Services by 0.3% in the 1st quarter. Millennium Management LLC now owns 577,885 shares of the company’s stock worth $10,454,000 after buying an additional 1,967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in BrightSpring Health Services by 11.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,280 shares of the company’s stock worth $2,664,000 after buying an additional 14,586 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in BrightSpring Health Services in the 2nd quarter worth $351,000.

BrightSpring Health Services Price Performance

Shares of BTSG opened at $61.68 on Friday. The firm has a market cap of $11.96 billion, a price-to-earnings ratio of 43.74, a PEG ratio of 0.80 and a beta of 1.71. The stock has a 50 day moving average of $49.66 and a 200-day moving average of $42.08. The company has a current ratio of 1.74, a quick ratio of 1.38 and a debt-to-equity ratio of 1.24. BrightSpring Health Services, Inc. has a 52 week low of $19.01 and a 52 week high of $62.11.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Friday, May 1st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.29 by $0.10. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.The business’s revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 EPS. As a group, analysts forecast that BrightSpring Health Services, Inc. will post 1.64 EPS for the current year.

Insider Activity at BrightSpring Health Services

In related news, insider Jon B. Rousseau sold 220,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 1,023,880 shares of the company’s stock, valued at $42,132,662. This represents a 17.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jennifer A. Phipps sold 35,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total transaction of $1,440,250.00. Following the sale, the chief financial officer directly owned 196,840 shares of the company’s stock, valued at approximately $8,099,966. This represents a 15.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 285,000 shares of company stock valued at $11,727,750 in the last quarter. Insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BTSG shares. Cantor Fitzgerald set a $49.00 price objective on shares of BrightSpring Health Services in a report on Monday, March 2nd. Stephens lifted their price target on BrightSpring Health Services from $53.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Morgan Stanley boosted their price objective on BrightSpring Health Services from $48.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. BTIG Research upped their price objective on BrightSpring Health Services from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, BMO Capital Markets set a $70.00 target price on BrightSpring Health Services in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $57.00.

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.