SG Americas Securities LLC Buys 169,251 Shares of BrightSpring Health Services, Inc. $BTSG

SG Americas Securities LLC boosted its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 1,221.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 183,103 shares of the company’s stock after buying an additional 169,251 shares during the quarter. SG Americas Securities LLC owned approximately 0.10% of BrightSpring Health Services worth $6,857,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of BrightSpring Health Services by 6.4% in the third quarter. Vanguard Group Inc. now owns 9,604,703 shares of the company’s stock valued at $283,915,000 after purchasing an additional 576,906 shares during the last quarter. Invesco Ltd. boosted its holdings in BrightSpring Health Services by 2.5% during the third quarter. Invesco Ltd. now owns 9,347,125 shares of the company’s stock worth $276,301,000 after purchasing an additional 227,717 shares during the last quarter. Alliancebernstein L.P. grew its position in BrightSpring Health Services by 12.1% in the 2nd quarter. Alliancebernstein L.P. now owns 5,450,085 shares of the company’s stock worth $128,568,000 after purchasing an additional 588,642 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in 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 worth $53,705,000 after purchasing an additional 2,056,920 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in 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 buying an additional 1,160,500 shares during the last quarter.

Insider Buying and Selling at BrightSpring Health Services

In related news, insider Jon B. Rousseau sold 220,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total value of $9,053,000.00. Following the sale, the insider directly owned 1,023,880 shares in the company, valued at approximately $42,132,662. The trade was a 17.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lisa A. Nalley sold 30,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total transaction of $1,234,500.00. Following the sale, the insider directly owned 110,594 shares in the company, valued at approximately $4,550,943.10. This trade represents a 21.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 285,000 shares of company stock worth $11,727,750 over the last ninety days. 3.40% of the stock is currently owned by company insiders.

BrightSpring Health Services Stock Up 2.5%

BrightSpring Health Services stock opened at $42.58 on Wednesday. The firm has a 50 day moving average price of $40.56 and a 200-day moving average price of $36.09. The company has a quick ratio of 1.12, a current ratio of 1.57 and a debt-to-equity ratio of 1.32. BrightSpring Health Services, Inc. has a twelve month low of $15.48 and a twelve month high of $45.59. The company has a market capitalization of $8.24 billion, a P/E ratio of 48.39, a P/E/G ratio of 0.55 and a beta of 2.31.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings results on Friday, February 27th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). BrightSpring Health Services had a return on equity of 12.66% and a net margin of 1.48%.The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period last year, the firm posted $0.11 EPS. The company’s revenue for the quarter was up 29.3% compared to the same quarter last year. As a group, equities analysts predict that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Mizuho lifted their target price on shares of BrightSpring Health Services from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a $46.00 price target on shares of BrightSpring Health Services in a research report on Friday, January 23rd. KeyCorp upgraded BrightSpring Health Services from a “sector weight” rating to an “overweight” rating and set a $45.00 price target on the stock in a report on Friday, December 12th. Bank of America boosted their price objective on BrightSpring Health Services from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Finally, BTIG Research restated a “buy” rating and issued a $55.00 price objective on shares of BrightSpring Health Services in a research note on Thursday, March 19th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $45.50.

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.