BrightSpring Health Services, Inc. $BTSG Holdings Raised by Alta Fox Capital Management LLC

Alta Fox Capital Management LLC increased its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 168.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,237,500 shares of the company’s stock after buying an additional 776,975 shares during the period. BrightSpring Health Services makes up about 10.0% of Alta Fox Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Alta Fox Capital Management LLC’s holdings in BrightSpring Health Services were worth $46,344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in BrightSpring Health Services during the 4th quarter worth $29,000. Salomon & Ludwin LLC acquired a new position in shares of BrightSpring Health Services in the 4th quarter valued at about $30,000. EverSource Wealth Advisors LLC acquired a new stake in shares of BrightSpring Health Services in the second quarter valued at approximately $43,000. Farther Finance Advisors LLC grew its holdings in BrightSpring Health Services by 112.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company’s stock worth $64,000 after buying an additional 910 shares in the last quarter. Finally, CWM LLC grew its holdings in BrightSpring Health Services by 17.5% in the 4th quarter. CWM LLC now owns 1,874 shares of the company’s stock worth $70,000 after buying an additional 279 shares in the last quarter.

Insider Buying and Selling at BrightSpring Health Services

In related news, insider Lisa A. Nalley sold 35,000 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 $2,056,250.00. Following the completion of the transaction, the insider directly owned 131,948 shares in the company, valued at $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 available through this link. Also, insider Jon B. Rousseau sold 130,000 shares of the 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 owned 1,194,503 shares of the company’s stock, valued at approximately $70,177,051.25. This represents a 9.82% decrease in their position. The SEC filing for this sale provides additional information. 2.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BTSG. TD Cowen upped their price target on shares of BrightSpring Health Services from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. BTIG Research boosted their target price on shares of BrightSpring Health Services from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Wall Street Zen lowered shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 23rd. KeyCorp boosted their price target on shares of BrightSpring Health Services from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company upped their price objective on shares of BrightSpring Health Services from $50.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $58.53.

BrightSpring Health Services Price Performance

NASDAQ BTSG opened at $63.23 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.38 and a debt-to-equity ratio of 1.24. The company has a fifty day simple moving average of $53.17 and a 200 day simple moving average of $44.00. The company has a market cap of $12.47 billion, a P/E ratio of 44.84, a P/E/G ratio of 0.82 and a beta of 1.87. BrightSpring Health Services, Inc. has a 1 year low of $19.01 and a 1 year high of $64.18.

BrightSpring Health Services (NASDAQ:BTSG) last posted 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. The business 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%. BrightSpring Health Services’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. On average, sell-side analysts predict that BrightSpring Health Services, Inc. will post 1.67 EPS for the current 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.