Timothy G. Youngquist 2020 Irrevocable Trust Purchases Shares of 14,340 BrightSpring Health Services, Inc. $BTSG

Timothy G. Youngquist 2020 Irrevocable Trust acquired a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,340 shares of the company’s stock, valued at approximately $1,000,000.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in BrightSpring Health Services by 48.7% during the first quarter. Bank of America Corp DE now owns 1,534,154 shares of the company’s stock valued at $65,370,000 after purchasing an additional 502,786 shares in the last quarter. New York State Teachers Retirement System purchased a new position in shares of BrightSpring Health Services in the 4th quarter worth $1,311,000. Ausbil Investment Management Ltd purchased a new position in shares of BrightSpring Health Services in the 2nd quarter worth $2,005,000. Wealthstar Advisors LLC bought a new stake in shares of BrightSpring Health Services in the 1st quarter worth about $1,525,000. Finally, Bellars Harris Wealth Management LLC bought a new stake in shares of BrightSpring Health Services in the 2nd quarter worth about $4,394,000.

BrightSpring Health Services Trading Down 1.5%

BTSG stock opened at $59.50 on Wednesday. BrightSpring Health Services, Inc. has a 12 month low of $22.86 and a 12 month high of $73.75. The firm’s 50-day moving average is $66.63 and its 200 day moving average is $53.77. The company has a market capitalization of $11.77 billion, a PE ratio of 35.84, a P/E/G ratio of 0.75 and a beta of 1.88. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.59 and a quick ratio of 1.22.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings data on Friday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.66 billion. BrightSpring Health Services had a net margin of 2.55% and a return on equity of 16.73%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 EPS. On average, research analysts anticipate that BrightSpring Health Services, Inc. will post 1.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BTSG. Morgan Stanley increased their price target on shares of BrightSpring Health Services from $71.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. KeyCorp reissued an “overweight” rating on shares of BrightSpring Health Services in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $70.00 price objective on shares of BrightSpring Health Services in a research report on Monday, August 3rd. Bank of America raised their price objective on BrightSpring Health Services from $66.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, BMO Capital Markets set a $70.00 target price on BrightSpring Health Services in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $70.71.

Insider Activity at BrightSpring Health Services

In other BrightSpring Health Services news, insider Lisa A. Nalley sold 35,000 shares of BrightSpring Health Services stock in a transaction on Friday, June 5th. The stock was sold at an average price of $58.75, for a total transaction of $2,056,250.00. Following the completion of the sale, the insider directly owned 131,948 shares of the company’s stock, valued at $7,751,945. The trade was a 20.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jon B. Rousseau sold 130,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $58.75, for a total value of $7,637,500.00. Following the completion of the sale, the insider owned 1,194,503 shares of the company’s stock, valued at $70,177,051.25. This represents a 9.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.80% of the stock is owned by corporate insiders.

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.