BrightSpring Health Services, Inc. $BTSG Holdings Decreased by Intech Investment Management LLC

Intech Investment Management LLC trimmed its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 38.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,573 shares of the company’s stock after selling 17,086 shares during the period. Intech Investment Management LLC’s holdings in BrightSpring Health Services were worth $815,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of BTSG. TD Asset Management Inc boosted its position in BrightSpring Health Services by 18.3% during the 3rd quarter. TD Asset Management Inc now owns 474,988 shares of the company’s stock worth $14,041,000 after acquiring an additional 73,308 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of BrightSpring Health Services by 77.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the company’s stock valued at $96,000 after purchasing an additional 1,420 shares during the period. Citigroup Inc. lifted its position in shares of BrightSpring Health Services by 42.2% in the third quarter. Citigroup Inc. now owns 190,357 shares of the company’s stock worth $5,627,000 after purchasing an additional 56,507 shares in the last quarter. Persistent Asset Partners Ltd acquired a new stake in shares of BrightSpring Health Services during the third quarter worth approximately $2,248,000. Finally, L & S Advisors Inc boosted its holdings in shares of BrightSpring Health Services by 9.8% during the third quarter. L & S Advisors Inc now owns 79,573 shares of the company’s stock worth $2,352,000 after purchasing an additional 7,095 shares during the period.

Analysts Set New Price Targets

BTSG has been the topic of several research reports. Morgan Stanley upped their price objective on shares of BrightSpring Health Services from $40.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Stephens started coverage on shares of BrightSpring Health Services in a research note on Wednesday, December 10th. They set an “overweight” rating and a $44.00 target price for the company. Zacks Research upgraded shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. KeyCorp raised shares of BrightSpring Health Services from a “sector weight” rating to an “overweight” rating and set a $45.00 price target on the stock in a research note on Friday, December 12th. Finally, Mizuho increased their price objective on BrightSpring Health Services from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, BrightSpring Health Services presently has an average rating of “Buy” and a consensus target price of $44.08.

Insider Activity

In related news, insider Lisa A. Nalley sold 30,000 shares of BrightSpring Health Services stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total value of $1,234,500.00. Following the completion of the sale, the insider owned 110,594 shares of the company’s stock, valued at approximately $4,550,943.10. The trade was a 21.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jennifer A. Phipps sold 35,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total transaction of $1,440,250.00. Following the completion of the sale, the chief financial officer owned 196,840 shares of the company’s stock, valued at $8,099,966. This represents a 15.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 285,000 shares of company stock worth $11,727,750. 3.40% of the stock is owned by corporate insiders.

BrightSpring Health Services Trading Up 1.8%

NASDAQ:BTSG opened at $42.23 on Tuesday. The company has a market capitalization of $8.17 billion, a P/E ratio of 47.99, a P/E/G ratio of 0.55 and a beta of 2.30. The stock’s 50 day moving average price is $39.59 and its 200 day moving average price is $34.18. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.12 and a current ratio of 1.57. BrightSpring Health Services, Inc. has a 52 week low of $15.48 and a 52 week high of $44.87.

BrightSpring Health Services (NASDAQ:BTSG) last posted its 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). The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.38 billion. BrightSpring Health Services had a net margin of 1.48% and a return on equity of 12.66%. BrightSpring Health Services’s revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. On average, research analysts forecast that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal 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.