Ardsley Advisory Partners LP Sells 100,000 Shares of BrightSpring Health Services, Inc. $BTSG

Ardsley Advisory Partners LP lessened its stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 22.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 350,000 shares of the company’s stock after selling 100,000 shares during the period. BrightSpring Health Services makes up approximately 1.4% of Ardsley Advisory Partners LP’s portfolio, making the stock its 21st biggest position. Ardsley Advisory Partners LP’s holdings in BrightSpring Health Services were worth $13,108,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. CWM LLC grew its stake in shares of BrightSpring Health Services by 17.5% during the fourth quarter. CWM LLC now owns 1,874 shares of the company’s stock worth $70,000 after buying an additional 279 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in BrightSpring Health Services by 17.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,826 shares of the company’s stock valued at $143,000 after buying an additional 565 shares during the period. NBC Securities Inc. acquired a new position in BrightSpring Health Services in the fourth quarter valued at $29,000. Salomon & Ludwin LLC acquired a new position in BrightSpring Health Services in the fourth quarter valued at $30,000. Finally, Farther Finance Advisors LLC increased its stake in BrightSpring Health Services by 112.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company’s stock valued at $64,000 after purchasing an additional 910 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BTSG. KeyCorp lifted their price target on shares of BrightSpring Health Services from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. TD Cowen upped their price objective on shares of BrightSpring Health Services from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Zacks Research raised shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $60.00 target price on shares of BrightSpring Health Services in a research note on Monday, May 4th. Finally, Weiss Ratings raised shares of BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a report 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 data from MarketBeat.com, BrightSpring Health Services has an average rating of “Buy” and a consensus target price of $58.53.

BrightSpring Health Services Stock Performance

BrightSpring Health Services stock opened at $64.43 on Thursday. The firm’s 50 day simple moving average is $54.42 and its 200 day simple moving average is $44.65. The company has a current ratio of 1.74, a quick ratio of 1.38 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $12.71 billion, a PE ratio of 45.70, a price-to-earnings-growth ratio of 0.83 and a beta of 1.87. BrightSpring Health Services, Inc. has a 1-year low of $19.01 and a 1-year high of $65.00.

BrightSpring Health Services (NASDAQ:BTSG) last posted 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 business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. BrightSpring Health Services had a net margin of 2.27% and a return on equity of 14.63%. BrightSpring Health Services’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 EPS. As a group, analysts expect that BrightSpring Health Services, Inc. will post 1.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jon B. Rousseau sold 130,000 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $58.75, for a total value of $7,637,500.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lisa A. Nalley sold 35,000 shares of the 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 transaction, the insider directly owned 131,948 shares in the company, valued at $7,751,945. The trade was a 20.96% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.