State of Wyoming Has $279,000 Position in BrightSpring Health Services, Inc. $BTSG

State of Wyoming cut its stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 64.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,440 shares of the company’s stock after selling 13,549 shares during the quarter. State of Wyoming’s holdings in BrightSpring Health Services were worth $279,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in BrightSpring Health Services during the 4th quarter worth about $29,000. Salomon & Ludwin LLC acquired a new position in BrightSpring Health Services during the 4th quarter worth about $30,000. EverSource Wealth Advisors LLC acquired a new position in BrightSpring Health Services during the 2nd quarter worth about $43,000. Farther Finance Advisors LLC lifted its holdings in BrightSpring Health Services by 112.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company’s stock worth $64,000 after buying an additional 910 shares during the period. Finally, CWM LLC lifted its holdings in BrightSpring Health Services by 17.5% during the 4th quarter. CWM LLC now owns 1,874 shares of the company’s stock worth $70,000 after buying an additional 279 shares during the period.

Insider Transactions at BrightSpring Health Services

In related news, insider Jon B. Rousseau sold 130,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $58.75, for a total transaction of $7,637,500.00. Following the transaction, the insider directly owned 1,194,503 shares of the company’s stock, valued at approximately $70,177,051.25. This represents a 9.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lisa A. Nalley sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $58.75, for a total value of $2,056,250.00. Following the transaction, the insider directly owned 131,948 shares in the company, valued at approximately $7,751,945. This trade represents a 20.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.80% of the stock is owned by insiders.

BrightSpring Health Services Stock Up 3.0%

Shares of NASDAQ:BTSG opened at $61.00 on Wednesday. The company has a market capitalization of $12.03 billion, a price-to-earnings ratio of 43.26, a P/E/G ratio of 0.76 and a beta of 1.87. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.74 and a quick ratio of 1.38. The business’s 50-day moving average is $51.95 and its 200-day moving average is $43.47. BrightSpring Health Services, Inc. has a 1 year low of $19.01 and a 1 year high of $62.11.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.The firm’s revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. Equities research analysts predict that BrightSpring Health Services, Inc. will post 1.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on BTSG. The Goldman Sachs Group began coverage on BrightSpring Health Services in a report on Monday. They set a “buy” rating and a $71.00 target price on the stock. Mizuho boosted their price objective 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. Wells Fargo & Company boosted their price objective on BrightSpring Health Services from $50.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Cantor Fitzgerald set a $49.00 price objective on BrightSpring Health Services in a research note on Monday, March 2nd. Finally, Weiss Ratings raised BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. According to MarketBeat, BrightSpring Health Services presently has a consensus rating of “Buy” and an average target price of $58.53.

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.