BrightSpring Health Services, Inc. $BTSG Holdings Cut by Kohlberg Kravis Roberts & Co. L.P.

Kohlberg Kravis Roberts & Co. L.P. decreased its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 32.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,824,259 shares of the company’s stock after selling 20,117,773 shares during the period. BrightSpring Health Services comprises approximately 33.3% of Kohlberg Kravis Roberts & Co. L.P.’s investment portfolio, making the stock its biggest holding. Kohlberg Kravis Roberts & Co. L.P. owned about 0.22% of BrightSpring Health Services worth $1,782,132,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BTSG. Vanguard Group Inc. boosted its position in BrightSpring Health Services by 30.5% during the 4th quarter. Vanguard Group Inc. now owns 12,533,656 shares of the company’s stock valued at $469,385,000 after acquiring an additional 2,928,953 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of BrightSpring Health Services by 4.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,662,236 shares of the company’s stock worth $399,302,000 after acquiring an additional 478,436 shares in the last quarter. Invesco Ltd. lifted its stake in shares of BrightSpring Health Services by 13.4% during the 4th quarter. Invesco Ltd. now owns 10,595,232 shares of the company’s stock worth $396,791,000 after purchasing an additional 1,248,107 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of BrightSpring Health Services by 21.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,123,865 shares of the company’s stock worth $229,339,000 after purchasing an additional 1,091,757 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in BrightSpring Health Services by 12.1% during the second quarter. Alliancebernstein L.P. now owns 5,450,085 shares of the company’s stock valued at $128,568,000 after purchasing an additional 588,642 shares in the last quarter.

BrightSpring Health Services Stock Performance

Shares of NASDAQ:BTSG opened at $72.91 on Monday. The business’s 50-day moving average is $65.20 and its 200 day moving average is $50.89. 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 1 year low of $19.01 and a 1 year high of $73.40. The firm has a market capitalization of $14.38 billion, a P/E ratio of 51.71, a P/E/G ratio of 0.92 and a beta of 1.79.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly 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. The business had revenue of $3.61 billion during 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%.The company’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the company earned $0.14 earnings per share. On average, research analysts predict that BrightSpring Health Services, Inc. will post 1.7 earnings per share for the current fiscal year.

Insider Activity at BrightSpring Health Services

In other BrightSpring Health Services news, insider Lisa A. Nalley sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $58.75, for a total transaction of $2,056,250.00. Following the sale, the insider owned 131,948 shares of the company’s stock, valued at approximately $7,751,945. The trade was a 20.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jon B. Rousseau sold 130,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider owned 1,194,503 shares in the company, valued at $70,177,051.25. The trade was a 9.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on BTSG shares. KeyCorp lifted their target price on BrightSpring Health Services from $60.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. UBS Group increased their price target on shares of BrightSpring Health Services from $63.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Weiss Ratings upgraded shares of BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. BMO Capital Markets set a $70.00 price objective on shares of BrightSpring Health Services in a research note on Thursday, May 21st. Finally, Mizuho raised their target price on shares of BrightSpring Health Services from $52.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $70.12.

BrightSpring Health Services Company 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.