BrightSpring Health Services, Inc. (NASDAQ:BTSG) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 6.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,650 shares of the company’s stock after acquiring an additional 932 shares during the period. Teacher Retirement System of Texas’ holdings in BrightSpring Health Services were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in BTSG. Quarry LP bought a new stake in shares of BrightSpring Health Services in the 4th quarter worth approximately $29,000. Highland Capital Management LLC bought a new stake in shares of BrightSpring Health Services in the 1st quarter worth approximately $181,000. Envestnet Asset Management Inc. bought a new stake in shares of BrightSpring Health Services in the 4th quarter worth approximately $188,000. KLP Kapitalforvaltning AS bought a new stake in shares of BrightSpring Health Services in the 4th quarter worth approximately $206,000. Finally, Numerai GP LLC bought a new stake in shares of BrightSpring Health Services in the 4th quarter worth approximately $252,000.

Insider Transactions at BrightSpring Health Services

In other BrightSpring Health Services news, major shareholder Phoenix Aggregator L.P. Kkr sold 13,288,101 shares of the business’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $21.15, for a total value of $281,043,336.15. Following the transaction, the insider directly owned 79,671,883 shares in the company, valued at $1,685,060,325.45. The trade was a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jon B. Rousseau sold 531,840 shares of the business’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $21.75, for a total transaction of $11,567,520.00. Following the completion of the transaction, the insider directly owned 1,184,133 shares of the company’s stock, valued at approximately $25,754,892.75. This represents a 30.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,919,941 shares of company stock worth $337,025,856. Company insiders own 3.40% of the company’s stock.

BrightSpring Health Services Price Performance

Shares of BrightSpring Health Services stock opened at $19.94 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.73 and a quick ratio of 1.37. BrightSpring Health Services, Inc. has a fifty-two week low of $10.15 and a fifty-two week high of $25.57. The firm has a fifty day moving average price of $22.50 and a two-hundred day moving average price of $20.29. The company has a market cap of $3.51 billion, a PE ratio of 71.21 and a beta of 2.30.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.10. BrightSpring Health Services had a net margin of 0.49% and a return on equity of 7.76%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period last year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. Analysts expect that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Wall Street Analyst Weigh In

BTSG has been the subject of several research analyst reports. Wall Street Zen upgraded shares of BrightSpring Health Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 5th. Wells Fargo & Company upped their price target on shares of BrightSpring Health Services from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. Mizuho set a $26.00 price target on shares of BrightSpring Health Services in a research report on Monday, May 5th. TD Cowen began coverage on shares of BrightSpring Health Services in a research report on Monday, June 23rd. They issued a “buy” rating and a $37.00 price target for the company. Finally, Morgan Stanley upped their price objective on shares of BrightSpring Health Services from $20.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $24.90.

BrightSpring Health Services Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.