Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG – Free Report) in the 4th quarter, Holdings Channel reports. The fund purchased 28,129 shares of the company’s stock, valued at approximately $1,053,000.
A number of other hedge funds also recently added to or reduced their stakes in BTSG. NBC Securities Inc. bought a new position in BrightSpring Health Services in the 4th quarter valued at approximately $29,000. Salomon & Ludwin LLC bought a new stake in shares of BrightSpring Health Services in the 4th quarter worth $30,000. EverSource Wealth Advisors LLC bought a new stake in shares of BrightSpring Health Services in the 2nd quarter worth $43,000. Farther Finance Advisors LLC raised its stake 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 worth $64,000 after purchasing an additional 910 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of BrightSpring Health Services by 17.5% during 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 in the last quarter.
Insider Activity at BrightSpring Health Services
In other news, insider Jon B. Rousseau sold 130,000 shares of the stock in a transaction that occurred 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 owned 1,194,503 shares in the company, valued at $70,177,051.25. This represents a 9.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lisa A. Nalley sold 35,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $7,751,945. The trade was a 20.96% decrease in their position. The SEC filing for this sale provides additional information. 2.80% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on BTSG
BrightSpring Health Services Stock Performance
Shares of BTSG opened at $59.22 on Tuesday. The firm has a market capitalization of $11.68 billion, a P/E ratio of 42.00, a PEG ratio of 0.74 and a beta of 1.87. 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 one year low of $19.01 and a one year high of $62.11. The business has a fifty day moving average of $51.58 and a 200 day moving average of $43.27.
BrightSpring Health Services (NASDAQ:BTSG – Get Free Report) last posted its earnings results on Friday, May 1st. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate 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 revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. As a group, sell-side analysts anticipate that BrightSpring Health Services, Inc. will post 1.67 EPS 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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