BrightSpring Health Services, Inc. $BTSG Shares Bought by Legal & General Group Plc

Legal & General Group Plc raised its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 160.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 267,919 shares of the company’s stock after purchasing an additional 165,221 shares during the quarter. Legal & General Group Plc’s holdings in BrightSpring Health Services were worth $10,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BTSG. Vanguard Group Inc. increased its stake in shares of BrightSpring Health Services by 30.5% in the fourth quarter. Vanguard Group Inc. now owns 12,533,656 shares of the company’s stock valued at $469,385,000 after purchasing an additional 2,928,953 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of BrightSpring Health Services by 936.4% in the second quarter. The Manufacturers Life Insurance Company now owns 2,276,583 shares of the company’s stock valued at $53,705,000 after purchasing an additional 2,056,920 shares during the period. Jane Street Group LLC increased its stake in shares of BrightSpring Health Services by 855.4% during the second quarter. Jane Street Group LLC now owns 2,076,730 shares of the company’s stock valued at $48,990,000 after acquiring an additional 1,859,369 shares during the period. 8 Knots Management LLC acquired a new position in shares of BrightSpring Health Services during the third quarter valued at approximately $51,244,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of BrightSpring Health Services by 123.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,096,949 shares of the company’s stock valued at $61,966,000 after acquiring an additional 1,160,500 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BTSG shares. Cantor Fitzgerald set a $49.00 price objective on shares of BrightSpring Health Services in a research note on Monday, March 2nd. BTIG Research lifted their price target on BrightSpring Health Services from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, May 4th. KeyCorp lifted their price target on BrightSpring Health Services from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Mizuho raised their target price on BrightSpring Health Services from $52.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Finally, TD Cowen raised their target price on BrightSpring Health Services from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, BrightSpring Health Services currently has an average rating of “Buy” and an average price target of $57.64.

BrightSpring Health Services Trading Down 5.7%

Shares of BTSG stock opened at $57.40 on Friday. The stock has a 50-day simple moving average of $51.00 and a 200 day simple moving average of $42.89. BrightSpring Health Services, Inc. has a fifty-two week low of $19.01 and a fifty-two week high of $62.11. The stock has a market capitalization of $11.13 billion, a P/E ratio of 40.71, a P/E/G ratio of 0.79 and a beta of 1.87. The company has a quick ratio of 1.38, a current ratio of 1.74 and a debt-to-equity ratio of 1.24.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Friday, May 1st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The firm had revenue of $3.61 billion during 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 firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. On average, sell-side analysts expect that BrightSpring Health Services, Inc. will post 1.67 earnings per share for the current fiscal year.

BrightSpring Health Services 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.