Intech Investment Management LLC Purchases 10,426 Shares of BrightSpring Health Services, Inc. $BTSG

Intech Investment Management LLC grew its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 37.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,999 shares of the company’s stock after acquiring an additional 10,426 shares during the quarter. Intech Investment Management LLC’s holdings in BrightSpring Health Services were worth $1,423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. AQR Capital Management LLC purchased a new stake in shares of BrightSpring Health Services in the first quarter worth approximately $276,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 valued at $587,000 after purchasing 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 buying an additional 1,967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of BrightSpring Health Services by 11.0% during 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 purchasing an additional 14,586 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in BrightSpring Health Services in the second quarter valued at approximately $351,000.

Insider Transactions at BrightSpring Health Services

In other BrightSpring Health Services news, insider Lisa A. Nalley sold 35,000 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $58.75, for a total value of $2,056,250.00. Following the completion of the transaction, the insider directly owned 131,948 shares of the company’s stock, valued at approximately $7,751,945. This trade represents a 20.96% 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 130,000 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $58.75, for a total transaction of $7,637,500.00. Following the completion of the transaction, the insider directly owned 1,194,503 shares of the company’s stock, valued at approximately $70,177,051.25. This trade represents a 9.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.80% of the stock is owned by company insiders.

BrightSpring Health Services Price Performance

Shares of NASDAQ:BTSG opened at $57.40 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.74 and a debt-to-equity ratio of 1.24. The company has a market cap of $11.13 billion, a P/E ratio of 40.71, a PEG ratio of 0.74 and a beta of 1.87. BrightSpring Health Services, Inc. has a 52 week low of $19.01 and a 52 week high of $62.11. The company has a 50-day moving average price of $51.25 and a 200 day moving average price of $42.99.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate 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 was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. Research analysts predict that BrightSpring Health Services, Inc. will post 1.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BTSG. TD Cowen upped their price objective on BrightSpring Health Services from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Leerink Partners reaffirmed an “outperform” rating and set a $49.00 price objective on shares of BrightSpring Health Services in a report on Wednesday, March 18th. Stephens raised their price objective on BrightSpring Health Services from $53.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. KeyCorp raised their price objective on BrightSpring Health Services from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Zacks Research raised BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to data from MarketBeat.com, BrightSpring Health Services has a consensus rating of “Buy” and an average target price of $57.64.

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.