Brown Advisory Inc. Buys 1,229,113 Shares of BrightSpring Health Services, Inc. $BTSG

Brown Advisory Inc. lifted its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 170.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,949,402 shares of the company’s stock after purchasing an additional 1,229,113 shares during the quarter. Brown Advisory Inc.’s holdings in BrightSpring Health Services were worth $73,005,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. NBC Securities Inc. bought a new stake in shares of BrightSpring Health Services in the fourth quarter valued at approximately $29,000. Salomon & Ludwin LLC bought a new stake in shares of BrightSpring Health Services in the fourth quarter valued at approximately $30,000. Farther Finance Advisors LLC boosted 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 valued at $64,000 after buying an additional 910 shares during the period. EverSource Wealth Advisors LLC bought a new stake in shares of BrightSpring Health Services in the second quarter valued at approximately $43,000. Finally, CWM LLC boosted its stake in shares of BrightSpring Health Services by 17.5% in the fourth quarter. CWM LLC now owns 1,874 shares of the company’s stock valued at $70,000 after buying an additional 279 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BTSG. TD Cowen boosted their price target on BrightSpring Health Services from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, May 4th. KeyCorp boosted their price objective on shares of BrightSpring Health Services from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Morgan Stanley boosted their price objective on shares of BrightSpring Health Services from $62.00 to $71.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. BMO Capital Markets set a $70.00 price objective on shares of BrightSpring Health Services in a research report on Thursday, May 21st. Finally, Weiss Ratings upgraded shares of BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $58.53.

Insider Buying and Selling at BrightSpring Health Services

In other 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 transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lisa A. Nalley sold 35,000 shares of the company’s stock in a transaction 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 transaction, the insider owned 131,948 shares of the company’s stock, valued at $7,751,945. This trade represents a 20.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.80% of the stock is currently owned by corporate insiders.

BrightSpring Health Services Price Performance

Shares of NASDAQ:BTSG opened at $63.23 on Monday. The company has a fifty day moving average of $53.17 and a 200-day moving average of $44.06. The company has a market capitalization of $12.47 billion, a PE ratio of 44.84, a price-to-earnings-growth ratio of 0.82 and a beta of 1.87. 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 $64.18.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.10. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. BrightSpring Health Services had a net margin of 2.27% and a return on equity of 14.63%. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. On average, equities analysts predict that BrightSpring Health Services, Inc. will post 1.67 EPS 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.