Seven Grand Managers LLC purchased a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 300,000 shares of the company’s stock, valued at approximately $11,235,000.
A number of other hedge funds also recently modified their holdings of BTSG. AQR Capital Management LLC acquired a new stake in shares of BrightSpring Health Services during the first quarter worth about $276,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of BrightSpring Health Services by 5.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,429 shares of the company’s stock worth $587,000 after purchasing an additional 1,780 shares during the period. Millennium Management LLC raised its position in shares of BrightSpring Health Services by 0.3% during the first quarter. Millennium Management LLC now owns 577,885 shares of the company’s stock worth $10,454,000 after purchasing an additional 1,967 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of BrightSpring Health Services by 11.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,280 shares of the company’s stock worth $2,664,000 after purchasing an additional 14,586 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in shares of BrightSpring Health Services during the second quarter worth about $351,000.
Insider Buying and Selling at BrightSpring Health Services
In other BrightSpring Health Services news, insider Jon B. Rousseau sold 220,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total transaction of $9,053,000.00. Following the transaction, 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lisa A. Nalley sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total value of $1,234,500.00. Following the sale, the insider owned 110,594 shares in the company, valued at approximately $4,550,943.10. This represents a 21.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 285,000 shares of company stock worth $11,727,750. Corporate insiders own 2.80% of the company’s stock.
Analyst Ratings Changes
View Our Latest Stock Report on BrightSpring Health Services
BrightSpring Health Services Trading Up 0.4%
NASDAQ BTSG opened at $60.55 on Thursday. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 42.94, a PEG ratio of 0.79 and a beta of 1.71. The stock’s 50 day moving average price is $48.91 and its two-hundred day moving average price is $41.75. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.38 and a current ratio of 1.74. BrightSpring Health Services, Inc. has a 52 week low of $19.01 and a 52 week high of $60.91.
BrightSpring Health Services (NASDAQ:BTSG – Get Free Report) last released its earnings results on Friday, May 1st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.39 billion. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. As a group, analysts anticipate that BrightSpring Health Services, Inc. will post 1.64 earnings per share 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.
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