State of Wyoming reduced its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG – Free Report) by 64.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,440 shares of the company’s stock after selling 13,549 shares during the period. State of Wyoming’s holdings in BrightSpring Health Services were worth $279,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in BTSG. Vanguard Group Inc. raised its stake in BrightSpring Health Services by 30.5% during the 4th quarter. Vanguard Group Inc. now owns 12,533,656 shares of the company’s stock worth $469,385,000 after buying an additional 2,928,953 shares during the period. The Manufacturers Life Insurance Company raised its stake in BrightSpring Health Services by 936.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,276,583 shares of the company’s stock worth $53,705,000 after buying an additional 2,056,920 shares during the period. Jane Street Group LLC raised its stake in BrightSpring Health Services by 855.4% during the 2nd quarter. Jane Street Group LLC now owns 2,076,730 shares of the company’s stock worth $48,990,000 after buying an additional 1,859,369 shares during the period. 8 Knots Management LLC bought a new stake in BrightSpring Health Services during the 3rd quarter worth approximately $51,244,000. Finally, Dimensional Fund Advisors LP increased its holdings in BrightSpring Health Services by 123.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,096,949 shares of the company’s stock worth $61,966,000 after purchasing an additional 1,160,500 shares in the last quarter.
Insider Activity at BrightSpring Health Services
In other BrightSpring Health Services news, insider Lisa A. Nalley sold 35,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $58.75, for a total transaction of $2,056,250.00. Following the completion of the transaction, the insider directly owned 131,948 shares of the company’s stock, valued at approximately $7,751,945. This represents a 20.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jon B. Rousseau sold 130,000 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $58.75, for a total value of $7,637,500.00. Following the transaction, the insider directly owned 1,194,503 shares of the company’s stock, valued at approximately $70,177,051.25. This trade represents a 9.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.80% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on BTSG
BrightSpring Health Services Stock Performance
BTSG stock opened at $61.00 on Wednesday. The firm has a market cap of $12.03 billion, a PE ratio of 43.26, a P/E/G ratio of 0.76 and a beta of 1.87. The company has a quick ratio of 1.38, a current ratio of 1.74 and a debt-to-equity ratio of 1.24. The business has a 50 day moving average of $51.95 and a 200-day moving average of $43.47. BrightSpring Health Services, Inc. has a 12-month low of $19.01 and a 12-month high of $62.11.
BrightSpring Health Services (NASDAQ:BTSG – Get Free Report) last released its earnings results on Friday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.10. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.BrightSpring Health Services’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. As a group, sell-side analysts expect that BrightSpring Health Services, Inc. will post 1.67 earnings per share 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.
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