Twin Tree Management LP Acquires Shares of 9,178 BrightSpring Health Services, Inc. $BTSG

Twin Tree Management LP acquired a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,178 shares of the company’s stock, valued at approximately $344,000.

Several other institutional investors also recently bought and sold shares of BTSG. NBC Securities Inc. purchased a new position in BrightSpring Health Services during the fourth quarter valued at approximately $29,000. Salomon & Ludwin LLC purchased a new position in BrightSpring Health Services during the fourth quarter valued at approximately $30,000. EverSource Wealth Advisors LLC purchased a new position in BrightSpring Health Services during the second quarter valued at approximately $43,000. Farther Finance Advisors LLC raised its position in BrightSpring Health Services by 112.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company’s stock valued at $64,000 after acquiring an additional 910 shares in the last quarter. Finally, CWM LLC raised its position in BrightSpring Health Services by 17.5% during the fourth quarter. CWM LLC now owns 1,874 shares of the company’s stock valued at $70,000 after acquiring an additional 279 shares in the last quarter.

BrightSpring Health Services Price Performance

Shares of BrightSpring Health Services stock opened at $61.00 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.74 and a debt-to-equity ratio of 1.24. BrightSpring Health Services, Inc. has a twelve month low of $19.01 and a twelve month high of $62.11. The business has a 50-day moving average price of $51.95 and a 200 day moving average price of $43.47. The firm has a market cap of $12.03 billion, a PE ratio of 43.26, a P/E/G ratio of 0.76 and a beta of 1.87.

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

Insider Activity

In related news, insider Lisa A. Nalley sold 35,000 shares of BrightSpring Health Services stock in a transaction dated Friday, June 5th. The stock was 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jon B. Rousseau sold 130,000 shares of BrightSpring Health Services 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 completion of the sale, the insider owned 1,194,503 shares in the company, valued at approximately $70,177,051.25. The trade was a 9.82% 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 owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BTSG shares. TD Cowen lifted their price target on BrightSpring Health Services from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, May 4th. The Goldman Sachs Group started coverage on BrightSpring Health Services in a research report on Monday. They set a “buy” rating and a $71.00 price target for the company. KeyCorp lifted their price target on BrightSpring Health Services from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings upgraded BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Morgan Stanley lifted their price target on BrightSpring Health Services from $62.00 to $71.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $58.53.

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.