Roberts Foundation grew its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG – Free Report) by 59.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,025 shares of the company’s stock after purchasing an additional 30,661 shares during the quarter. BrightSpring Health Services comprises approximately 8.3% of Roberts Foundation’s investment portfolio, making the stock its 2nd biggest position. Roberts Foundation’s holdings in BrightSpring Health Services were worth $3,072,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC grew its position in shares of BrightSpring Health Services by 17.5% in the fourth quarter. CWM LLC now owns 1,874 shares of the company’s stock valued at $70,000 after purchasing an additional 279 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of BrightSpring Health Services by 17.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,826 shares of the company’s stock valued at $143,000 after purchasing an additional 565 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of BrightSpring Health Services in the fourth quarter valued at approximately $29,000. Salomon & Ludwin LLC acquired a new position in shares of BrightSpring Health Services in the fourth quarter valued at approximately $30,000. Finally, Farther Finance Advisors LLC grew its position in shares of BrightSpring Health Services by 112.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company’s stock valued at $64,000 after purchasing an additional 910 shares during the last quarter.
Insider Activity
In other news, insider Jon B. Rousseau sold 220,000 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total value of $9,053,000.00. Following the completion of the transaction, the insider directly owned 1,023,880 shares in the company, valued at approximately $42,132,662. This represents a 17.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jennifer A. Phipps sold 35,000 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total value of $1,440,250.00. Following the completion of the transaction, the chief financial officer owned 196,840 shares of the company’s stock, valued at $8,099,966. The trade was a 15.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 285,000 shares of company stock worth $11,727,750. Insiders own 2.80% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Report on BrightSpring Health Services
BrightSpring Health Services Stock Up 0.9%
NASDAQ BTSG opened at $58.50 on Friday. The business has a fifty day moving average price of $47.64 and a two-hundred day moving average price of $41.12. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.74 and a quick ratio of 1.38. BrightSpring Health Services, Inc. has a fifty-two week low of $19.01 and a fifty-two week high of $59.65. The stock has a market capitalization of $11.34 billion, a PE ratio of 41.49, a PEG ratio of 0.76 and a beta of 1.71.
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 for the quarter, topping the consensus estimate of $0.29 by $0.10. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the prior year, the company earned $0.14 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. Equities analysts expect that BrightSpring Health Services, Inc. will post 1.64 earnings per share for the current fiscal year.
About BrightSpring Health Services
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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