Deutsche Bank AG Has $778,000 Stock Holdings in BrightSpring Health Services, Inc. $BTSG

Deutsche Bank AG cut its stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 25.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,010 shares of the company’s stock after selling 14,703 shares during the period. Deutsche Bank AG’s holdings in BrightSpring Health Services were worth $778,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Teacher Retirement System of Texas raised its position in shares of BrightSpring Health Services by 6.8% during the first quarter. Teacher Retirement System of Texas now owns 14,650 shares of the company’s stock worth $265,000 after purchasing an additional 932 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of BrightSpring Health Services by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,649 shares of the company’s stock worth $522,000 after purchasing an additional 1,032 shares during the period. MetLife Investment Management LLC raised its position in shares of BrightSpring Health Services by 4.9% during the fourth quarter. MetLife Investment Management LLC now owns 33,117 shares of the company’s stock worth $564,000 after purchasing an additional 1,548 shares during the period. Quarry LP acquired a new stake in shares of BrightSpring Health Services during the fourth quarter worth $29,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BrightSpring Health Services by 15.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,081 shares of the company’s stock worth $472,000 after purchasing an additional 3,400 shares during the period.

BrightSpring Health Services Stock Down 3.2%

NASDAQ:BTSG opened at $24.08 on Tuesday. The business’s fifty day moving average price is $21.60 and its 200 day moving average price is $20.49. The company has a current ratio of 1.76, a quick ratio of 1.34 and a debt-to-equity ratio of 1.43. BrightSpring Health Services, Inc. has a 1-year low of $12.35 and a 1-year high of $25.57. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 77.68 and a beta of 2.25.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Friday, August 1st. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. BrightSpring Health Services had a return on equity of 9.29% and a net margin of 0.55%.The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. BrightSpring Health Services has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.

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 stock was sold at an average price of $21.15, for a total value of $281,043,336.15. Following the transaction, the insider 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jon B. Rousseau sold 531,840 shares of the business’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $21.75, for a total value of $11,567,520.00. Following the completion of the transaction, the insider owned 1,184,133 shares in the company, valued at $25,754,892.75. This trade represents a 30.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,919,941 shares of company stock worth $337,025,856 in the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BTSG shares. Morgan Stanley boosted their target price on BrightSpring Health Services from $20.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Wall Street Zen lowered BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. TD Cowen assumed coverage on BrightSpring Health Services in a research report on Monday, June 23rd. They set a “buy” rating and a $37.00 price target on the stock. Cowen reissued a “buy” rating on shares of BrightSpring Health Services in a research report on Monday, August 4th. Finally, Mizuho set a $26.00 price target on BrightSpring Health Services in a research report on Monday, May 5th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.67.

About BrightSpring Health Services

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.