Voya Investment Management LLC Increases Stake in BrightSpring Health Services, Inc. $BTSG

Voya Investment Management LLC lifted its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 556.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,343,775 shares of the company’s stock after purchasing an additional 1,138,965 shares during the period. Voya Investment Management LLC’s holdings in BrightSpring Health Services were worth $39,722,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. bought a new position in shares of BrightSpring Health Services during the third quarter valued at about $481,000. Squarepoint Ops LLC boosted its holdings in BrightSpring Health Services by 1,093.4% during the 2nd quarter. Squarepoint Ops LLC now owns 175,827 shares of the company’s stock valued at $4,148,000 after acquiring an additional 193,527 shares during the period. Hudson Bay Capital Management LP bought a new position in BrightSpring Health Services during the 2nd quarter worth approximately $1,297,000. Caxton Associates LLP bought a new position in BrightSpring Health Services during the 2nd quarter worth approximately $461,000. Finally, FORA Capital LLC purchased a new position in BrightSpring Health Services in the 2nd quarter worth approximately $519,000.

BrightSpring Health Services Stock Up 2.3%

Shares of BrightSpring Health Services stock opened at $37.49 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.38 and a debt-to-equity ratio of 1.36. BrightSpring Health Services, Inc. has a 12-month low of $15.26 and a 12-month high of $37.94. The company has a market cap of $6.76 billion, a P/E ratio of 61.46, a PEG ratio of 0.66 and a beta of 2.36. The company’s fifty day simple moving average is $33.77 and its two-hundred day simple moving average is $27.15.

BrightSpring Health Services (NASDAQ:BTSG) last announced its earnings results on Monday, October 20th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. BrightSpring Health Services had a net margin of 1.04% and a return on equity of 11.61%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.16 billion. BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. Research analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on BrightSpring Health Services from $33.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, November 12th. BMO Capital Markets started coverage on shares of BrightSpring Health Services in a research report on Thursday, November 13th. They set an “outperform” rating and a $40.00 price target for the company. CJS Securities raised shares of BrightSpring Health Services to a “strong-buy” rating in a report on Thursday, December 11th. BTIG Research upped their price objective on shares of BrightSpring Health Services from $30.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Morgan Stanley increased their target price on shares of BrightSpring Health Services from $25.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $39.08.

Insider Activity at BrightSpring Health Services

In other BrightSpring Health Services news, insider Jon B. Rousseau sold 235,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $28.78, for a total transaction of $6,763,300.00. Following the transaction, the insider owned 1,131,930 shares in the company, valued at approximately $32,576,945.40. This represents a 17.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lisa A. Nalley sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $28.78, for a total value of $575,600.00. Following the completion of the transaction, the insider owned 131,150 shares of the company’s stock, valued at approximately $3,774,497. The trade was a 13.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.40% of the company’s stock.

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.