22,698 Shares in BrightSpring Health Services, Inc. $BTSG Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd bought a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 22,698 shares of the company’s stock, valued at approximately $671,000.

Several other institutional investors have also recently made changes to their positions in BTSG. CWM LLC boosted its holdings in shares of BrightSpring Health Services by 105.3% in the third quarter. CWM LLC now owns 1,595 shares of the company’s stock worth $47,000 after acquiring an additional 818 shares during the period. PNC Financial Services Group Inc. lifted its holdings in BrightSpring Health Services by 13.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,282 shares of the company’s stock worth $274,000 after purchasing an additional 1,121 shares in the last quarter. Amalgamated Bank boosted its stake in BrightSpring Health Services by 62.7% in the 3rd quarter. Amalgamated Bank now owns 3,041 shares of the company’s stock worth $90,000 after purchasing an additional 1,172 shares during the period. Covestor Ltd grew its holdings in BrightSpring Health Services by 16.6% during the 3rd quarter. Covestor Ltd now owns 8,567 shares of the company’s stock valued at $253,000 after buying an additional 1,218 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in BrightSpring Health Services by 77.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the company’s stock valued at $96,000 after buying an additional 1,420 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of BrightSpring Health Services from $40.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Stephens assumed coverage on shares of BrightSpring Health Services in a research note on Wednesday, December 10th. They set an “overweight” rating and a $44.00 price objective for the company. Wells Fargo & Company upped their target price on shares of BrightSpring Health Services from $43.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. William Blair began coverage on shares of BrightSpring Health Services in a research note on Monday, December 8th. They issued an “outperform” rating on the stock. Finally, Cantor Fitzgerald set a $49.00 price target on shares of BrightSpring Health Services in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $44.08.

BrightSpring Health Services Stock Down 2.1%

BTSG stock opened at $41.34 on Wednesday. The company’s 50 day moving average is $39.66 and its 200 day moving average is $34.30. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 46.98, a price-to-earnings-growth ratio of 0.56 and a beta of 2.31. The company has a current ratio of 1.57, a quick ratio of 1.12 and a debt-to-equity ratio of 1.32. BrightSpring Health Services, Inc. has a 1-year low of $15.48 and a 1-year high of $44.87.

BrightSpring Health Services (NASDAQ:BTSG) last announced its earnings results on Friday, February 27th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.38 billion. BrightSpring Health Services had a net margin of 1.48% and a return on equity of 12.66%. The company’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Sell-side analysts predict that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal year.

Insider Transactions at BrightSpring Health Services

In related news, CFO Jennifer A. Phipps sold 35,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total value of $1,440,250.00. Following the completion of the transaction, the chief financial officer directly owned 196,840 shares in the company, valued at approximately $8,099,966. The trade was a 15.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jon B. Rousseau sold 220,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total value of $9,053,000.00. Following the sale, the insider owned 1,023,880 shares in the company, valued at $42,132,662. The trade was a 17.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 285,000 shares of company stock valued at $11,727,750. Insiders own 3.40% of the company’s stock.

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.