Rhenman & Partners Asset Management AB purchased a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 60,000 shares of the company’s stock, valued at approximately $1,774,000.
A number of other large investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC bought a new position in BrightSpring Health Services in the 2nd quarter valued at about $43,000. CWM LLC lifted its stake in shares of BrightSpring Health Services by 105.3% in the 3rd quarter. CWM LLC now owns 1,595 shares of the company’s stock worth $47,000 after acquiring an additional 818 shares during the period. Amalgamated Bank lifted its stake in shares of BrightSpring Health Services by 62.7% in the 3rd quarter. Amalgamated Bank now owns 3,041 shares of the company’s stock worth $90,000 after acquiring an additional 1,172 shares during the period. Sandia Investment Management LP bought a new position in shares of BrightSpring Health Services in the second quarter valued at approximately $118,000. Finally, Penserra Capital Management LLC bought a new position in shares of BrightSpring Health Services in the second quarter valued at approximately $139,000.
BrightSpring Health Services Price Performance
BTSG stock opened at $41.49 on Friday. BrightSpring Health Services, Inc. has a one year low of $15.48 and a one year high of $44.87. The firm has a 50-day moving average of $39.50 and a two-hundred day moving average of $33.98. The firm has a market capitalization of $8.03 billion, a PE ratio of 47.15, a P/E/G ratio of 0.55 and a beta of 2.31. The company has a current ratio of 1.57, a quick ratio of 1.12 and a debt-to-equity ratio of 1.32.
Insider Buying and Selling at BrightSpring Health Services
In other news, insider Jon B. Rousseau sold 220,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total value of $9,053,000.00. Following the completion of the sale, the insider owned 1,023,880 shares of the company’s stock, valued at $42,132,662. This trade represents a 17.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Lisa A. Nalley sold 30,000 shares of BrightSpring Health Services stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total value of $1,234,500.00. Following the transaction, the insider owned 110,594 shares in the company, valued at $4,550,943.10. This represents a 21.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 285,000 shares of company stock valued at $11,727,750 in the last three months. 3.40% of the stock is currently owned by company insiders.
BrightSpring Health Services News Summary
Here are the key news stories impacting BrightSpring Health Services this week:
- Positive Sentiment: Zacks added BTSG to its Zacks Rank #1 (Strong Buy) growth list for March 6, highlighting it as a top growth pick. Best Growth Stocks to Buy for March 6th
- Positive Sentiment: Zacks similarly featured BTSG on its March 5 list of best growth / strong-buy stocks, reinforcing buy-side attention across consecutive days. Best Growth Stocks to Buy for March 5th
- Positive Sentiment: Zacks upgraded BTSG from Hold to Strong Buy and published follow-ups pointing to momentum and rising earnings estimate revisions—signals that analysts are lifting near‑term expectations. Zacks.com upgrade
- Positive Sentiment: Zacks published a piece noting surging earnings estimate revisions for BTSG, which is commonly bullish for the stock if revisions translate into higher forward EPS and investor expectations. Surging Earnings Estimates Signal Upside
- Positive Sentiment: Broker commentary (Mizuho) and media noted strong price-appreciation forecasts and heavy trading after the analyst upgrade, which can support further upside if momentum continues. Mizuho Forecasts Strong Price Appreciation Sees Strong Trading Volume After Analyst Upgrade
- Neutral Sentiment: Zacks published comparative coverage showing how BTSG stacks up vs. medical peers this year—useful context but not an immediate catalyst. Peer Performance
- Neutral Sentiment: Reported short-interest figures in the dataset show 0 shares and 0.0 days-to-cover (likely a data artifact). That suggests no clear short-position signal from the reported data and should be treated cautiously.
- Negative Sentiment: Fundamentals remain mixed: the company’s most recent quarterly report showed strong revenue growth but a small EPS miss and the stock trades at a elevated PE, which can make it vulnerable to short-term pullbacks despite positive analyst notes.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. William Blair initiated coverage on BrightSpring Health Services in a report on Monday, December 8th. They set an “outperform” rating on the stock. Wells Fargo & Company boosted their price objective on BrightSpring Health Services from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Mizuho raised their target price on BrightSpring Health Services from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. KeyCorp raised BrightSpring Health Services from a “sector weight” rating to an “overweight” rating and set a $45.00 target price on the stock in a report on Friday, December 12th. Finally, CJS Securities upgraded shares of BrightSpring Health Services to a “strong-buy” rating in a research report on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $44.08.
Read Our Latest Stock Analysis on BrightSpring Health Services
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.
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