Lisanti Capital Growth LLC purchased a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 154,620 shares of the company’s stock, valued at approximately $10,783,000. BrightSpring Health Services makes up 2.4% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 2nd biggest position. Lisanti Capital Growth LLC owned approximately 0.08% of BrightSpring Health Services as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the company. Csenge Advisory Group purchased a new position in BrightSpring Health Services in the 2nd quarter valued at $2,340,000. Empirical Asset Management LLC purchased a new stake in shares of BrightSpring Health Services during the second quarter worth $212,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of BrightSpring Health Services in the second quarter valued at about $375,000. Timothy G. Youngquist 2020 Irrevocable Trust acquired a new stake in shares of BrightSpring Health Services in the second quarter valued at about $1,000,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of BrightSpring Health Services in the second quarter worth about $956,000.
BrightSpring Health Services Stock Performance
BrightSpring Health Services stock opened at $59.33 on Thursday. The firm has a 50 day simple moving average of $66.61 and a 200-day simple moving average of $53.91. The stock has a market cap of $11.74 billion, a price-to-earnings ratio of 35.74, a price-to-earnings-growth ratio of 0.73 and a beta of 1.88. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.59 and a quick ratio of 1.22. BrightSpring Health Services, Inc. has a 1-year low of $22.86 and a 1-year high of $73.75.
Insider Buying and Selling at BrightSpring Health Services
In related news, insider Lisa A. Nalley sold 35,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $58.75, for a total value of $2,056,250.00. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jon B. Rousseau sold 130,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $58.75, for a total transaction of $7,637,500.00. Following the completion of the sale, the insider owned 1,194,503 shares in the company, 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 Ratings Changes
Several analysts recently issued reports on BTSG shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BrightSpring Health Services in a research note on Friday, July 31st. Guggenheim assumed coverage on BrightSpring Health Services in a report on Monday, July 13th. They set a “buy” rating and a $81.00 target price on the stock. Zacks Research upgraded BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. The Goldman Sachs Group initiated coverage on BrightSpring Health Services in a report on Monday, June 8th. They issued a “buy” rating and a $71.00 price target for the company. Finally, KeyCorp reiterated an “overweight” rating on shares of BrightSpring Health Services in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the company’s stock. According to MarketBeat.com, BrightSpring Health Services currently has an average rating of “Buy” and an average price target of $70.71.
Read Our Latest Stock Analysis on BTSG
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.
Featured Stories
- Five stocks we like better than BrightSpring Health Services
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Receive News & Ratings for BrightSpring Health Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BrightSpring Health Services and related companies with MarketBeat.com's FREE daily email newsletter.
