111,998 Shares in BrightSpring Health Services, Inc. $BTSG Purchased by Candriam S.C.A.

Candriam S.C.A. acquired a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 111,998 shares of the company’s stock, valued at approximately $4,772,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC lifted its stake in shares of BrightSpring Health Services by 17.5% during the fourth quarter. CWM LLC now owns 1,874 shares of the company’s stock valued at $70,000 after acquiring an additional 279 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of BrightSpring Health Services by 17.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,826 shares of the company’s stock worth $143,000 after buying an additional 565 shares during the last quarter. Moran Wealth Management LLC grew its stake in shares of BrightSpring Health Services by 9.0% during the first quarter. Moran Wealth Management LLC now owns 6,925 shares of the company’s stock worth $295,000 after purchasing an additional 572 shares during the period. GHP Investment Advisors Inc. acquired a new position in BrightSpring Health Services during the first quarter valued at approximately $31,000. Finally, NBC Securities Inc. bought a new stake in shares of BrightSpring Health Services in the 4th quarter valued at $29,000.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BTSG shares. Stephens raised their price objective on shares of BrightSpring Health Services from $53.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. KeyCorp lifted their target price on BrightSpring Health Services from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. BMO Capital Markets set a $70.00 target price on BrightSpring Health Services in a research note on Thursday, May 21st. TD Cowen upped their price target on BrightSpring Health Services from $65.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Finally, Guggenheim started coverage on shares of BrightSpring Health Services in a research note on Monday. They set a “buy” rating and a $81.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $68.41.

Insider Buying and Selling

In other news, insider Lisa A. Nalley sold 35,000 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 transaction of $2,056,250.00. Following the completion of the transaction, the insider directly owned 131,948 shares in the company, valued at approximately $7,751,945. This represents a 20.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jon B. Rousseau sold 130,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 1,194,503 shares of the company’s stock, valued at $70,177,051.25. This represents a 9.82% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.80% of the company’s stock.

BrightSpring Health Services Stock Performance

Shares of NASDAQ BTSG opened at $69.64 on Tuesday. The stock’s fifty day moving average price is $62.46 and its two-hundred day moving average price is $48.84. The firm has a market cap of $13.74 billion, a price-to-earnings ratio of 49.39, a P/E/G ratio of 0.97 and a beta of 1.79. BrightSpring Health Services, Inc. has a one year low of $19.01 and a one year high of $72.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.74 and a quick ratio of 1.38.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings results 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 company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. BrightSpring Health Services had a net margin of 2.27% and a return on equity of 14.63%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 earnings per share. On average, equities analysts forecast that BrightSpring Health Services, Inc. will post 1.66 EPS for the current year.

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.