NewEdge Advisors LLC Sells 13,465 Shares of BrightSpring Health Services, Inc. $BTSG

Posted by Brian Himes on Aug 19th, 2026

NewEdge Advisors LLC decreased its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG – Free Report) by 38.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,129 shares of the company’s stock after selling 13,465 shares during the period. NewEdge Advisors LLC’s holdings in BrightSpring Health Services were worth $900,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BTSG. Bank of America Corp DE boosted its position in BrightSpring Health Services by 48.7% during the first quarter. Bank of America Corp DE now owns 1,534,154 shares of the company’s stock valued at $65,370,000 after buying an additional 502,786 shares during the period. New York State Teachers Retirement System bought a new position in shares of BrightSpring Health Services during the fourth quarter valued at about $1,311,000. Wealthstar Advisors LLC purchased a new position in shares of BrightSpring Health Services in the first quarter worth about $1,525,000. Westover Capital Advisors LLC bought a new stake in shares of BrightSpring Health Services in the 4th quarter valued at about $697,000. Finally, OP Asset Management Ltd bought a new stake in shares of BrightSpring Health Services in the 1st quarter valued at about $753,000.

Insider Buying and Selling at BrightSpring Health Services

In other BrightSpring Health Services news, insider Jon B. Rousseau sold 130,000 shares of the company’s 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 completion of the transaction, the insider directly owned 1,194,503 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, insider Lisa A. Nalley sold 35,000 shares of the firm’s stock in a transaction dated 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

BTSG has been the topic of several recent research reports. Mizuho raised their price target on BrightSpring Health Services from $52.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Morgan Stanley boosted their price objective on BrightSpring Health Services from $71.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. BMO Capital Markets set a $70.00 price objective on BrightSpring Health Services in a research note on Thursday, May 21st. KeyCorp reaffirmed an “overweight” rating on shares of BrightSpring Health Services in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group initiated coverage on shares of BrightSpring Health Services in a report on Monday, June 8th. They set a “buy” rating and a $71.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating and eighteen have issued a Buy rating to the stock. According to data from MarketBeat.com, BrightSpring Health Services presently has a consensus rating of “Buy” and a consensus price target of $70.71.

View Our Latest Report on BrightSpring Health Services

BrightSpring Health Services Trading Down 1.5%

NASDAQ BTSG opened at $59.50 on Wednesday. BrightSpring Health Services, Inc. has a fifty-two week low of $22.86 and a fifty-two week high of $73.75. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.22 and a current ratio of 1.59. The stock has a 50 day simple moving average of $66.63 and a two-hundred day simple moving average of $53.77. The stock has a market cap of $11.77 billion, a P/E ratio of 35.84, a price-to-earnings-growth ratio of 0.75 and a beta of 1.88.

BrightSpring Health Services (NASDAQ:BTSG – Get Free Report) last posted its earnings results on Friday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.66 billion. BrightSpring Health Services had a return on equity of 16.73% and a net margin of 2.55%.The business’s revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 earnings per share. On average, analysts forecast that BrightSpring Health Services, Inc. will post 1.78 earnings per share for the current year.

BrightSpring Health Services Company Profile

(Free Report)

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.