BrightSpring Health Services (NASDAQ:BTSG) Insider Jon Rousseau Sells 130,000 Shares of Stock

BrightSpring Health Services, Inc. (NASDAQ:BTSG) insider Jon 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 sale, the insider directly owned 1,194,503 shares in the company, valued at approximately $70,177,051.25. This represents a 9.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

BrightSpring Health Services Stock Performance

Shares of BTSG opened at $57.40 on Friday. The company has a market cap of $11.13 billion, a P/E ratio of 40.71, a P/E/G ratio of 0.74 and a beta of 1.87. BrightSpring Health Services, Inc. has a twelve month low of $19.01 and a twelve month high of $62.11. The company’s fifty day simple moving average is $51.25 and its 200-day simple moving average is $42.99. The company has a current ratio of 1.74, a quick ratio of 1.38 and a debt-to-equity ratio of 1.24.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.29 by $0.10. The company had revenue of $3.61 billion for 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%. The firm’s revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 EPS. As a group, analysts expect that BrightSpring Health Services, Inc. will post 1.67 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. purchased a new position in BrightSpring Health Services during the 4th quarter valued at about $29,000. Salomon & Ludwin LLC purchased a new position in BrightSpring Health Services during the 4th quarter valued at about $30,000. GHP Investment Advisors Inc. purchased a new position in BrightSpring Health Services during the 1st quarter valued at about $31,000. EverSource Wealth Advisors LLC bought a new stake in shares of BrightSpring Health Services in the 2nd quarter valued at about $43,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of BrightSpring Health Services in the 1st quarter valued at about $52,000.

Analyst Ratings Changes

BTSG has been the topic of several recent analyst reports. Zacks Research raised shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. TD Cowen raised 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $60.00 price target on shares of BrightSpring Health Services in a research note on Monday, May 4th. KeyCorp raised their price target on shares of BrightSpring Health Services from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Stephens raised their target price on shares of BrightSpring Health Services from $53.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, BrightSpring Health Services has an average rating of “Buy” and an average price target of $57.64.

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.