Quantbot Technologies LP Purchases Shares of 48,569 BrightSpring Health Services, Inc. $BTSG

Quantbot Technologies LP acquired a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 48,569 shares of the company’s stock, valued at approximately $3,387,000.

Several other large investors have also recently modified their holdings of BTSG. Evolve Private Wealth LLC bought a new stake in shares of BrightSpring Health Services in the 2nd quarter valued at about $204,000. Keebeck Wealth Management bought a new position in BrightSpring Health Services during the 2nd quarter worth approximately $458,000. Allworth Financial LP purchased a new position in BrightSpring Health Services in the 2nd quarter worth approximately $28,000. Kilter Group LLC purchased a new position in BrightSpring Health Services in the 2nd quarter worth approximately $50,000. Finally, Vise Technologies Inc. bought a new stake in BrightSpring Health Services in the second quarter valued at approximately $994,000.

BrightSpring Health Services Price Performance

Shares of BrightSpring Health Services stock opened at $58.87 on Monday. The business has a 50 day moving average of $66.45 and a 200 day moving average of $54.18. BrightSpring Health Services, Inc. has a 52 week low of $22.86 and a 52 week high of $73.75. The company has a market cap of $11.65 billion, a PE ratio of 35.46, a P/E/G ratio of 0.71 and a beta of 1.88. The company has a quick ratio of 1.22, a current ratio of 1.59 and a debt-to-equity ratio of 1.06.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings results on Friday, July 31st. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.66 billion. BrightSpring Health Services had a net margin of 2.55% and a return on equity of 16.73%. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 earnings per share. As a group, equities research analysts forecast that BrightSpring Health Services, Inc. will post 1.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. The Goldman Sachs Group began coverage on BrightSpring Health Services in a research note on Monday, June 8th. They set a “buy” rating and a $71.00 price objective for the company. BMO Capital Markets set a $70.00 target price on shares of BrightSpring Health Services in a research note on Thursday, May 21st. Raymond James Financial started coverage on shares of BrightSpring Health Services in a report on Thursday, July 9th. They set an “outperform” rating and a $80.00 price target for the company. UBS Group increased their price target on shares of BrightSpring Health Services from $63.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Finally, BTIG Research reissued a “buy” rating and issued a $90.00 price target on shares of BrightSpring Health Services in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating and eighteen have assigned a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $70.71.

Insider Buying and Selling at BrightSpring Health Services

In other news, insider Jon B. Rousseau sold 130,000 shares of BrightSpring Health Services 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 sale, the insider owned 1,194,503 shares of the company’s stock, valued at approximately $70,177,051.25. The trade was a 9.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lisa A. Nalley sold 35,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $58.75, for a total transaction of $2,056,250.00. Following the transaction, the insider owned 131,948 shares in the company, valued at $7,751,945. This represents a 20.96% decrease in their position. The SEC filing for this sale provides additional information. 2.80% of the stock is currently owned by corporate insiders.

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.