Empowered Funds LLC Buys Shares of 125,842 BrightSpring Health Services, Inc. $BTSG

Empowered Funds LLC purchased a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 125,842 shares of the company’s stock, valued at approximately $8,776,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Equitable Holdings Inc. bought a new stake in BrightSpring Health Services in the second quarter valued at approximately $379,000. Formula Growth Ltd. bought a new stake in shares of BrightSpring Health Services in the 2nd quarter valued at $3,511,000. Coastal Bridge Advisors LLC acquired a new stake in BrightSpring Health Services during the 2nd quarter worth $224,000. Public Employees Retirement System of Ohio bought a new position in BrightSpring Health Services during the second quarter worth about $63,000. Finally, Capstone Investment Advisors LLC bought a new position in BrightSpring Health Services during the second quarter worth about $367,000.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 23rd. Mizuho lifted their price objective on BrightSpring Health Services from $52.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Stephens boosted their price objective on BrightSpring Health Services from $53.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings restated a “buy (b-)” rating on shares of BrightSpring Health Services in a report on Friday, July 31st. Finally, BTIG Research reaffirmed a “buy” rating and issued a $90.00 price target on shares of BrightSpring Health Services in a research note on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $70.71.

BrightSpring Health Services Trading Down 2.9%

BTSG opened at $59.13 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.59 and a debt-to-equity ratio of 1.06. BrightSpring Health Services, Inc. has a twelve month low of $22.86 and a twelve month high of $73.75. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 35.62, a P/E/G ratio of 0.71 and a beta of 1.88. The company has a 50-day simple moving average of $65.91 and a 200 day simple moving average of $54.81.

BrightSpring Health Services (NASDAQ:BTSG) last posted its earnings results on Friday, July 31st. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.66 billion. BrightSpring Health Services had a net margin of 2.55% and a return on equity of 16.73%. The firm’s revenue was up 23.0% compared to the same quarter last year. During the same period last year, the company earned $0.22 EPS. Analysts predict that BrightSpring Health Services, Inc. will post 1.82 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Lisa A. Nalley sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $58.75, for a total value of $2,056,250.00. Following the transaction, the insider directly owned 131,948 shares in the company, valued at approximately $7,751,945. This represents a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jon B. Rousseau sold 130,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was 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 $70,177,051.25. This trade represents a 9.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.80% of the company’s stock.

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.