Rhumbline Advisers Acquires 3,517 Shares of BrightSpring Health Services, Inc. $BTSG

Rhumbline Advisers lifted its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 4.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,100 shares of the company’s stock after purchasing an additional 3,517 shares during the period. Rhumbline Advisers’ holdings in BrightSpring Health Services were worth $1,395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Strs Ohio bought a new stake in BrightSpring Health Services during the first quarter valued at about $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in BrightSpring Health Services by 11.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,280 shares of the company’s stock worth $2,664,000 after acquiring an additional 14,586 shares in the last quarter. Millennium Management LLC increased its holdings in BrightSpring Health Services by 0.3% in the 1st quarter. Millennium Management LLC now owns 577,885 shares of the company’s stock worth $10,454,000 after acquiring an additional 1,967 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in BrightSpring Health Services by 5.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,429 shares of the company’s stock valued at $587,000 after purchasing an additional 1,780 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new position in BrightSpring Health Services during the first quarter valued at approximately $276,000.

BrightSpring Health Services Stock Performance

Shares of BrightSpring Health Services stock opened at $27.31 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.76 and a debt-to-equity ratio of 1.43. The stock’s fifty day moving average is $22.88 and its two-hundred day moving average is $21.15. BrightSpring Health Services, Inc. has a 52 week low of $14.03 and a 52 week high of $28.43. The company has a market capitalization of $4.84 billion, a PE ratio of 88.10, a price-to-earnings-growth ratio of 0.46 and a beta of 2.27.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of BrightSpring Health Services and gave the company a “buy” rating in a research report on Monday, September 8th. Wall Street Zen cut BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th. TD Cowen initiated coverage on BrightSpring Health Services in a research report on Monday, June 23rd. They issued a “buy” rating and a $37.00 price objective on the stock. Cowen reaffirmed a “buy” rating on shares of BrightSpring Health Services in a research note on Monday, August 4th. Finally, Bank of America lifted their target price on BrightSpring Health Services from $27.50 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, BrightSpring Health Services has an average rating of “Moderate Buy” and an average target price of $27.10.

Insider Transactions at BrightSpring Health Services

In other BrightSpring Health Services news, major shareholder Phoenix Aggregator L.P. Kkr sold 2,100,000 shares of the company’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $21.15, for a total value of $44,415,000.00. Following the transaction, the insider directly owned 77,096,337 shares in the company, valued at $1,630,587,527.55. This represents a 2.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.40% of the stock is currently owned by company insiders.

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.