Vise Technologies Inc. Acquires Shares of 14,247 BrightSpring Health Services, Inc. $BTSG

Vise Technologies Inc. bought a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,247 shares of the company’s stock, valued at approximately $994,000.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of BrightSpring Health Services by 30.5% in the fourth quarter. Vanguard Group Inc. now owns 12,533,656 shares of the company’s stock worth $469,385,000 after buying an additional 2,928,953 shares during the period. Price T Rowe Associates Inc. MD boosted its position in BrightSpring Health Services by 4.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,662,236 shares of the company’s stock worth $399,302,000 after acquiring an additional 478,436 shares during the period. Invesco Ltd. grew its stake in BrightSpring Health Services by 13.4% during the 4th quarter. Invesco Ltd. now owns 10,595,232 shares of the company’s stock valued at $396,791,000 after acquiring an additional 1,248,107 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in BrightSpring Health Services by 21.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,123,865 shares of the company’s stock valued at $229,339,000 after acquiring an additional 1,091,757 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in BrightSpring Health Services by 12.1% during the 2nd quarter. Alliancebernstein L.P. now owns 5,450,085 shares of the company’s stock valued at $128,568,000 after acquiring an additional 588,642 shares in the last quarter.

Analyst Upgrades and Downgrades

BTSG has been the subject of a number of research analyst reports. Stephens increased their price target on shares of BrightSpring Health Services from $53.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Guggenheim started coverage on shares of BrightSpring Health Services in a research report on Monday, July 13th. They set a “buy” rating and a $81.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of BrightSpring Health Services from $61.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Wall Street Zen downgraded shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Morgan Stanley increased their target price on shares of BrightSpring Health Services from $71.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the company. Based on data from MarketBeat.com, BrightSpring Health Services presently has a consensus rating of “Buy” and an average target price of $70.71.

Insider Activity

In other BrightSpring Health Services news, insider Lisa A. Nalley sold 35,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider owned 131,948 shares in the company, valued at approximately $7,751,945. This trade represents a 20.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jon B. Rousseau sold 130,000 shares of BrightSpring Health Services stock in a transaction that occurred on 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 sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.80% of the company’s stock.

BrightSpring Health Services Stock Performance

Shares of BTSG opened at $58.87 on Friday. The company has a market capitalization of $11.65 billion, a PE ratio of 35.46, a price-to-earnings-growth ratio of 0.72 and a beta of 1.88. BrightSpring Health Services, Inc. has a one year low of $22.86 and a one year high of $73.75. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.59 and a quick ratio of 1.22. The company’s fifty day moving average price is $66.45 and its 200 day moving average price is $54.09.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.66 billion. BrightSpring Health Services had a return on equity of 16.73% and a net margin of 2.55%.The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. As a group, analysts expect that BrightSpring Health Services, Inc. will post 1.82 earnings per share for the current year.

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.