Militia Capital Management LLC Invests $568,000 in BrightSpring Health Services, Inc. $BTSG

Militia Capital Management LLC acquired a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,331 shares of the company’s stock, valued at approximately $568,000.

A number of other hedge funds also recently bought and sold shares of BTSG. New York State Teachers Retirement System bought a new position in shares of BrightSpring Health Services in the 4th quarter worth approximately $1,311,000. State of Alaska Department of Revenue grew its position in BrightSpring Health Services by 540.6% during the fourth quarter. State of Alaska Department of Revenue now owns 68,973 shares of the company’s stock valued at $2,582,000 after buying an additional 58,206 shares during the period. Allspring Global Investments Holdings LLC grew its position in BrightSpring Health Services by 701.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 255,902 shares of the company’s stock valued at $9,827,000 after buying an additional 223,988 shares during the period. Westover Capital Advisors LLC purchased a new stake in BrightSpring Health Services during the fourth quarter valued at approximately $697,000. Finally, Capricorn Fund Managers Ltd purchased a new stake in BrightSpring Health Services during the fourth quarter valued at approximately $3,745,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BTSG. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $70.00 price target on shares of BrightSpring Health Services in a research note on Monday. TD Cowen upped their price objective on BrightSpring Health Services from $65.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. UBS Group raised their target price on BrightSpring Health Services from $63.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of BrightSpring Health Services in a research report on Friday. Finally, The Goldman Sachs Group started coverage on BrightSpring Health Services in a report on Monday, June 8th. They set a “buy” rating and a $71.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $70.71.

Insider Buying and Selling at BrightSpring Health Services

In other news, insider Jon B. Rousseau sold 130,000 shares of the business’s 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 directly owned 1,194,503 shares in the company, valued at $70,177,051.25. The trade was a 9.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the insider owned 131,948 shares in the company, valued at $7,751,945. The trade was a 20.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.80% of the company’s stock.

BrightSpring Health Services Stock Performance

BTSG opened at $60.47 on Tuesday. The firm has a market cap of $11.93 billion, a P/E ratio of 36.43, a PEG ratio of 0.75 and a beta of 1.88. BrightSpring Health Services, Inc. has a 1-year low of $19.01 and a 1-year high of $73.75. The company has a 50 day simple moving average of $66.41 and a two-hundred day simple moving average of $52.10. 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 (NASDAQ:BTSG) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.66 billion. BrightSpring Health Services had a net margin of 2.55% and a return on equity of 16.73%. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share. Equities analysts forecast that BrightSpring Health Services, Inc. will post 1.71 earnings per share 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.