Capricorn Fund Managers Ltd Acquires Shares of 100,000 BrightSpring Health Services, Inc. $BTSG

Capricorn Fund Managers Ltd purchased a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 100,000 shares of the company’s stock, valued at approximately $3,745,000. Capricorn Fund Managers Ltd owned approximately 0.06% of BrightSpring Health Services as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lisanti Capital Growth LLC purchased a new stake in shares of BrightSpring Health Services during the 3rd quarter worth approximately $1,959,000. Federated Hermes Inc. grew its holdings in shares of BrightSpring Health Services by 44.8% in the third quarter. Federated Hermes Inc. now owns 319,200 shares of the company’s stock valued at $9,436,000 after purchasing an additional 98,745 shares in the last quarter. Prescott Group Capital Management L.L.C. bought a new stake in BrightSpring Health Services in the third quarter worth $887,000. Ellsworth Advisors LLC purchased a new stake in BrightSpring Health Services during the third quarter valued at $983,000. Finally, Bailard Inc. purchased a new stake in BrightSpring Health Services during the third quarter valued at $378,000.

Insider Activity

In other news, CFO Jennifer A. Phipps sold 35,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total value of $1,440,250.00. Following the transaction, the chief financial officer directly owned 196,840 shares in the company, valued at approximately $8,099,966. This represents a 15.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jon B. Rousseau sold 220,000 shares of BrightSpring Health Services stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total transaction of $9,053,000.00. Following the sale, the insider owned 1,023,880 shares of the company’s stock, valued at $42,132,662. The trade was a 17.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 285,000 shares of company stock valued at $11,727,750. 3.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on BTSG. Bank of America upped their target price on shares of BrightSpring Health Services from $38.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. William Blair began coverage on BrightSpring Health Services in a research note on Monday, December 8th. They set an “outperform” rating on the stock. Wells Fargo & Company upped their price objective on BrightSpring Health Services from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Stephens initiated coverage on BrightSpring Health Services in a research note on Wednesday, December 10th. They issued an “overweight” rating and a $44.00 price objective for the company. Finally, TD Cowen reiterated a “buy” rating on shares of BrightSpring Health Services in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $45.50.

BrightSpring Health Services Stock Performance

BTSG opened at $43.10 on Monday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.12 and a current ratio of 1.57. The stock’s 50 day moving average price is $40.76 and its 200-day moving average price is $36.42. BrightSpring Health Services, Inc. has a one year low of $15.48 and a one year high of $45.59. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of 48.98, a P/E/G ratio of 0.57 and a beta of 2.03.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings results on Friday, February 27th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). BrightSpring Health Services had a return on equity of 12.66% and a net margin of 1.48%.The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the prior year, the business posted $0.11 earnings per share. BrightSpring Health Services’s revenue was up 29.3% on a year-over-year basis. On average, equities analysts forecast that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

BrightSpring Health Services 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.