Csenge Advisory Group Purchases Shares of 33,552 BrightSpring Health Services, Inc. $BTSG

Csenge Advisory Group bought a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the 2nd quarter, Holdings Channel reports. The firm bought 33,552 shares of the company’s stock, valued at approximately $2,340,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. bought a new stake in shares of BrightSpring Health Services during the fourth quarter valued at approximately $29,000. Salomon & Ludwin LLC acquired a new position in BrightSpring Health Services during the 4th quarter worth $30,000. GHP Investment Advisors Inc. acquired a new position in BrightSpring Health Services during the 1st quarter worth $31,000. EverSource Wealth Advisors LLC bought a new position in BrightSpring Health Services in the 2nd quarter valued at $43,000. Finally, Meeder Asset Management Inc. bought a new position in BrightSpring Health Services in the 1st quarter valued at $52,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BTSG shares. BMO Capital Markets set a $70.00 price target on shares of BrightSpring Health Services in a research report on Thursday, May 21st. The Goldman Sachs Group began coverage on shares of BrightSpring Health Services in a report on Monday, June 8th. They issued a “buy” rating and a $71.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BrightSpring Health Services in a research note on Friday, July 31st. KeyCorp reiterated an “overweight” rating on shares of BrightSpring Health Services in a research report on Monday, August 3rd. Finally, Wells Fargo & Company increased their price target on BrightSpring Health Services from $61.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $70.71.

BrightSpring Health Services Stock Down 0.3%

Shares of BrightSpring Health Services stock opened at $59.33 on Thursday. The business’s 50 day simple moving average is $66.61 and its 200 day simple moving average is $53.91. BrightSpring Health Services, Inc. has a 52-week low of $22.86 and a 52-week high of $73.75. The firm has a market cap of $11.74 billion, a PE ratio of 35.74, a P/E/G ratio of 0.73 and a beta of 1.88. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.22 and a current ratio of 1.59.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.66 billion. BrightSpring Health Services had a net margin of 2.55% and a return on equity of 16.73%. The company’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 EPS. On average, analysts predict that BrightSpring Health Services, Inc. will post 1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BrightSpring Health Services news, insider Jon B. Rousseau sold 130,000 shares of the 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 directly owned 1,194,503 shares in the company, valued at $70,177,051.25. This represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lisa A. Nalley sold 35,000 shares of the firm’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 $2,056,250.00. Following the completion of the sale, the insider directly owned 131,948 shares in the company, valued at approximately $7,751,945. This represents a 20.96% decrease in their position. The SEC filing for this sale provides additional information. 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.