BrightSpring Health Services, Inc. $BTSG Shares Bought by Rhenman & Partners Asset Management AB

Rhenman & Partners Asset Management AB grew its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 230.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 198,000 shares of the company’s stock after acquiring an additional 138,000 shares during the quarter. Rhenman & Partners Asset Management AB’s holdings in BrightSpring Health Services were worth $7,415,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BTSG. Vanguard Group Inc. boosted its position in BrightSpring Health Services by 30.5% during the 4th quarter. Vanguard Group Inc. now owns 12,533,656 shares of the company’s stock worth $469,385,000 after acquiring an additional 2,928,953 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of BrightSpring Health Services by 936.4% in the second quarter. The Manufacturers Life Insurance Company now owns 2,276,583 shares of the company’s stock valued at $53,705,000 after buying an additional 2,056,920 shares during the period. Jane Street Group LLC lifted its holdings in shares of BrightSpring Health Services by 855.4% in the second quarter. Jane Street Group LLC now owns 2,076,730 shares of the company’s stock valued at $48,990,000 after buying an additional 1,859,369 shares during the period. 8 Knots Management LLC acquired a new stake in shares of BrightSpring Health Services in the third quarter valued at $51,244,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of BrightSpring Health Services by 123.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,096,949 shares of the company’s stock valued at $61,966,000 after buying an additional 1,160,500 shares during the period.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Leerink Partners restated an “outperform” rating and issued a $49.00 price objective on shares of BrightSpring Health Services in a report on Wednesday, March 18th. Stephens upped their price objective on BrightSpring Health Services from $53.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Wall Street Zen lowered BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 23rd. Mizuho upped their price objective on BrightSpring Health Services from $52.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, BTIG Research upped their price objective on BrightSpring Health Services from $55.00 to $65.00 and gave the company a “buy” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $58.53.

Insider Buying and Selling at BrightSpring Health Services

In other news, insider Lisa A. Nalley sold 35,000 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 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. This represents a 20.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jon B. Rousseau sold 130,000 shares of the company’s 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 directly owned 1,194,503 shares in the company, valued at $70,177,051.25. The trade was a 9.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.80% of the company’s stock.

BrightSpring Health Services Trading Up 0.2%

Shares of NASDAQ BTSG opened at $63.23 on Friday. BrightSpring Health Services, Inc. has a 12 month low of $19.01 and a 12 month high of $64.18. The company has a market cap of $12.47 billion, a price-to-earnings ratio of 44.84, a P/E/G ratio of 0.81 and a beta of 1.87. 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 business has a fifty day simple moving average of $53.17 and a 200-day simple moving average of $44.00.

BrightSpring Health Services (NASDAQ:BTSG) last announced its earnings results on Friday, May 1st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the business posted $0.14 earnings per share. BrightSpring Health Services’s revenue was up 25.6% compared to the same quarter last year. Sell-side analysts predict that BrightSpring Health Services, Inc. will post 1.67 EPS for the current year.

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.