Militia Capital Management LLC Acquires Shares of 13,331 BrightSpring Health Services, Inc. $BTSG

Militia Capital Management LLC bought a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,331 shares of the company’s stock, valued at approximately $568,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BTSG. NBC Securities Inc. bought a new position in shares of BrightSpring Health Services in the 4th quarter worth $29,000. Salomon & Ludwin LLC bought a new stake in BrightSpring Health Services in the fourth quarter valued at about $30,000. GHP Investment Advisors Inc. bought a new stake in BrightSpring Health Services in the first quarter valued at about $31,000. EverSource Wealth Advisors LLC acquired a new position in BrightSpring Health Services in the second quarter valued at about $43,000. Finally, Meeder Asset Management Inc. acquired a new position in BrightSpring Health Services in the first quarter valued at about $52,000.

Insiders Place Their Bets

In other BrightSpring Health Services news, insider Lisa A. Nalley sold 35,000 shares of the 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 transaction, the insider owned 131,948 shares in the company, valued at approximately $7,751,945. This represents a 20.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jon B. Rousseau sold 130,000 shares of the stock in a transaction dated Friday, June 5th. The stock was 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 of the company’s stock, valued at approximately $70,177,051.25. This trade represents a 9.82% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BTSG shares. Wall Street Zen lowered BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Morgan Stanley increased their price target on shares of BrightSpring Health Services from $71.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. BTIG Research lifted their price objective on shares of BrightSpring Health Services from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Stephens boosted their price objective on shares of BrightSpring Health Services from $53.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company upped their target price on shares of BrightSpring Health Services from $61.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. One equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $70.12.

BrightSpring Health Services Stock Performance

Shares of BTSG opened at $69.84 on Friday. The firm has a market cap of $13.78 billion, a P/E ratio of 49.53, a PEG ratio of 0.88 and a beta of 1.79. BrightSpring Health Services, Inc. has a twelve month low of $19.01 and a twelve month high of $73.40. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.38 and a current ratio of 1.74. The firm’s 50 day moving average price is $64.90 and its two-hundred day moving average price is $50.65.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings data 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. BrightSpring Health Services had a net margin of 2.27% and a return on equity of 14.63%. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The firm’s revenue was up 25.6% compared to the same quarter last year. On average, analysts forecast that BrightSpring Health Services, Inc. will post 1.7 EPS for the current fiscal year.

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.