Caxton Associates LLP Takes Position in BrightSpring Health Services, Inc. $BTSG

Caxton Associates LLP acquired a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,062 shares of the company’s stock, valued at approximately $344,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Sei Investments Co. lifted its stake in BrightSpring Health Services by 142.9% in the 1st quarter. Sei Investments Co. now owns 483,912 shares of the company’s stock valued at $20,620,000 after purchasing an additional 284,678 shares during the last quarter. Globeflex Capital L P bought a new stake in BrightSpring Health Services in the first quarter valued at approximately $250,000. State of Wyoming lifted its position in shares of BrightSpring Health Services by 4.5% in the first quarter. State of Wyoming now owns 7,776 shares of the company’s stock valued at $331,000 after buying an additional 336 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of BrightSpring Health Services by 13.9% in the first quarter. Cetera Investment Advisers now owns 9,765 shares of the company’s stock valued at $416,000 after buying an additional 1,191 shares during the last quarter. Finally, Militia Capital Management LLC bought a new position in shares of BrightSpring Health Services during the 1st quarter worth approximately $568,000.

BrightSpring Health Services Stock Performance

BTSG opened at $72.46 on Wednesday. The business has a fifty day simple moving average of $65.83 and a 200 day simple moving average of $51.34. The company has a market capitalization of $14.30 billion, a PE ratio of 51.39, a price-to-earnings-growth ratio of 0.91 and a beta of 1.79. BrightSpring Health Services, Inc. has a 1 year low of $19.01 and a 1 year high of $73.75. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.74 and a quick ratio of 1.38.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.39 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter last year, the business earned $0.14 EPS. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. Research analysts expect that BrightSpring Health Services, Inc. will post 1.7 EPS for the current year.

Insider Activity

In other BrightSpring Health Services news, insider Jon B. Rousseau sold 130,000 shares of BrightSpring Health Services stock in a transaction dated Friday, June 5th. The shares were 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 $70,177,051.25. The trade was a 9.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $2,056,250.00. Following the completion of the sale, the insider owned 131,948 shares of the company’s stock, valued at $7,751,945. This trade represents a 20.96% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BTSG shares. UBS Group increased their price target on BrightSpring Health Services from $63.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Weiss Ratings raised shares of BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Zacks Research downgraded shares of BrightSpring Health Services from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Guggenheim started coverage on shares of BrightSpring Health Services in a research report on Monday, July 13th. They issued a “buy” rating and a $81.00 price objective on the stock. Finally, Wall Street Zen cut shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $70.12.

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.