L & S Advisors Inc Has $1.71 Million Holdings in BrightSpring Health Services, Inc. $BTSG

L & S Advisors Inc decreased its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 11.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 72,478 shares of the company’s stock after selling 9,581 shares during the period. L & S Advisors Inc’s holdings in BrightSpring Health Services were worth $1,710,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BTSG. Penserra Capital Management LLC acquired a new position in shares of BrightSpring Health Services in the 2nd quarter valued at about $139,000. PNC Financial Services Group Inc. increased its holdings in BrightSpring Health Services by 1,532.2% in the second quarter. PNC Financial Services Group Inc. now owns 8,161 shares of the company’s stock worth $193,000 after purchasing an additional 7,661 shares in the last quarter. IFP Advisors Inc lifted its stake in BrightSpring Health Services by 273,666.7% in the first quarter. IFP Advisors Inc now owns 8,213 shares of the company’s stock valued at $149,000 after buying an additional 8,210 shares during the period. Atria Investments Inc bought a new position in shares of BrightSpring Health Services during the 2nd quarter worth approximately $230,000. Finally, Strs Ohio acquired a new stake in shares of BrightSpring Health Services during the 1st quarter worth approximately $226,000.

Insider Buying and Selling

In other news, insider Lisa A. Nalley sold 20,000 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $28.78, for a total transaction of $575,600.00. Following the completion of the sale, the insider directly owned 131,150 shares of the company’s stock, valued at $3,774,497. This trade represents a 13.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jon B. Rousseau sold 235,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $28.78, for a total transaction of $6,763,300.00. Following the completion of the transaction, the insider directly owned 1,131,930 shares in the company, valued at $32,576,945.40. This trade represents a 17.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of BrightSpring Health Services from $25.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Mizuho set a $38.00 target price on BrightSpring Health Services in a research note on Wednesday, October 29th. BMO Capital Markets assumed coverage on BrightSpring Health Services in a research note on Thursday. They set an “outperform” rating and a $40.00 price target on the stock. Wall Street Zen upgraded BrightSpring Health Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Finally, BTIG Research boosted their price objective on BrightSpring Health Services from $30.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $35.73.

BrightSpring Health Services Trading Down 5.6%

NASDAQ BTSG opened at $31.75 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.38 and a debt-to-equity ratio of 1.36. The business has a fifty day simple moving average of $29.92 and a 200 day simple moving average of $24.81. BrightSpring Health Services, Inc. has a 12 month low of $15.26 and a 12 month high of $35.01. The firm has a market capitalization of $5.73 billion, a P/E ratio of 52.05, a PEG ratio of 0.57 and a beta of 2.41.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings data on Monday, October 20th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. BrightSpring Health Services had a net margin of 1.04% and a return on equity of 11.61%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.16 billion. BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. FY 2025 guidance at EPS. On average, analysts predict that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal year.

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.