Lisanti Capital Growth LLC Boosts Stake in BrightSpring Health Services, Inc. $BTSG

Lisanti Capital Growth LLC raised its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 129.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,195 shares of the company’s stock after purchasing an additional 85,925 shares during the quarter. BrightSpring Health Services accounts for 1.4% of Lisanti Capital Growth LLC’s holdings, making the stock its 23rd largest holding. Lisanti Capital Growth LLC’s holdings in BrightSpring Health Services were worth $5,700,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BTSG. Vanguard Group Inc. increased its position in shares of BrightSpring Health Services by 30.5% during the fourth quarter. Vanguard Group Inc. now owns 12,533,656 shares of the company’s stock valued at $469,385,000 after acquiring an additional 2,928,953 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of BrightSpring Health Services by 936.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,276,583 shares of the company’s stock valued at $53,705,000 after acquiring an additional 2,056,920 shares during the period. Jane Street Group LLC raised its stake in shares of BrightSpring Health Services by 855.4% in the 2nd quarter. Jane Street Group LLC now owns 2,076,730 shares of the company’s stock valued at $48,990,000 after acquiring an additional 1,859,369 shares during the period. 8 Knots Management LLC purchased a new stake in shares of BrightSpring Health Services in the 3rd quarter valued at approximately $51,244,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of BrightSpring Health Services by 123.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,096,949 shares of the company’s stock valued at $61,966,000 after acquiring an additional 1,160,500 shares during the period.

BrightSpring Health Services Trading Up 0.9%

Shares of BTSG stock opened at $58.50 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.38 and a current ratio of 1.74. The stock has a market capitalization of $11.34 billion, a P/E ratio of 41.49, a price-to-earnings-growth ratio of 0.77 and a beta of 1.71. The company has a 50 day moving average price of $47.64 and a 200 day moving average price of $41.12. BrightSpring Health Services, Inc. has a fifty-two week low of $19.01 and a fifty-two week high of $59.65.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.39 earnings per share 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 analysts’ expectations of $3.39 billion. BrightSpring Health Services had a net margin of 2.27% and a return on equity of 14.63%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share. Equities research analysts predict that BrightSpring Health Services, Inc. will post 1.64 EPS for the current fiscal year.

Analysts Set New Price Targets

BTSG has been the topic of a number of research analyst reports. Stephens boosted their price target on shares of BrightSpring Health Services from $53.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Mizuho boosted their price target on shares of BrightSpring Health Services from $52.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. UBS Group boosted their price target on shares of BrightSpring Health Services from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. TD Cowen boosted their price target on shares of BrightSpring Health Services from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Zacks Research raised shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to data from MarketBeat, BrightSpring Health Services currently has a consensus rating of “Buy” and a consensus target price of $57.00.

Insider Activity at BrightSpring Health Services

In related news, insider Lisa A. Nalley sold 30,000 shares of BrightSpring Health Services stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total value of $1,234,500.00. Following the completion of the transaction, the insider owned 110,594 shares in the company, valued at approximately $4,550,943.10. The trade was a 21.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jennifer A. Phipps sold 35,000 shares of BrightSpring Health Services stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total transaction of $1,440,250.00. Following the completion of the transaction, the chief financial officer owned 196,840 shares of the company’s stock, valued at $8,099,966. This trade represents a 15.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 285,000 shares of company stock worth $11,727,750. Corporate insiders own 2.80% of the company’s stock.

BrightSpring Health Services Company 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.