SG Americas Securities LLC Has $661,000 Stake in BrightSpring Health Services, Inc. $BTSG

SG Americas Securities LLC cut its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 91.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,512 shares of the company’s stock after selling 167,591 shares during the quarter. SG Americas Securities LLC’s holdings in BrightSpring Health Services were worth $661,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of BrightSpring Health Services by 30.5% during the 4th quarter. Vanguard Group Inc. now owns 12,533,656 shares of the company’s stock worth $469,385,000 after acquiring an additional 2,928,953 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of BrightSpring Health Services by 936.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,276,583 shares of the company’s stock worth $53,705,000 after buying an additional 2,056,920 shares during the last quarter. State Street Corp grew its stake in BrightSpring Health Services by 99.5% in the fourth quarter. State Street Corp now owns 4,033,149 shares of the company’s stock valued at $151,041,000 after purchasing an additional 2,011,095 shares in the last quarter. Jane Street Group LLC increased its holdings in BrightSpring Health Services by 855.4% during the second quarter. Jane Street Group LLC now owns 2,076,730 shares of the company’s stock worth $48,990,000 after buying an additional 1,859,369 shares during the last quarter. Finally, 8 Knots Management LLC bought a new stake in shares of BrightSpring Health Services in the 3rd quarter valued at about $51,244,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group raised their price target on BrightSpring Health Services from $53.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. Mizuho increased their price target on BrightSpring Health Services from $52.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded shares of BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. BTIG Research boosted their target price on BrightSpring Health Services from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Finally, KeyCorp boosted their target price 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. Two analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company’s stock. According to MarketBeat, BrightSpring Health Services currently has a consensus rating of “Buy” and an average target price of $63.67.

Insider Buying and Selling

In other BrightSpring Health Services news, insider Jon B. Rousseau sold 130,000 shares of the business’s 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 owned 1,194,503 shares in the company, valued at approximately $70,177,051.25. The trade was a 9.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lisa A. Nalley sold 35,000 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 $2,056,250.00. Following the transaction, the insider owned 131,948 shares in the company, valued at approximately $7,751,945. The trade was a 20.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.80% of the stock is owned by corporate insiders.

BrightSpring Health Services Trading Down 1.6%

Shares of BTSG stock traded down $1.15 during mid-day trading on Tuesday, hitting $69.41. The company’s stock had a trading volume of 87,907 shares, compared to its average volume of 2,752,516. The company has a market cap of $13.69 billion, a PE ratio of 49.41, a P/E/G ratio of 0.89 and a beta of 1.79. BrightSpring Health Services, Inc. has a 52 week low of $19.01 and a 52 week high of $72.06. The company’s fifty day simple moving average is $60.20 and its 200-day simple moving average is $47.66. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.38 and a current ratio of 1.74.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings data on Friday, May 1st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.10. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. BrightSpring Health Services had a net margin of 2.27% and a return on equity of 14.63%. BrightSpring Health Services’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. As a group, equities research analysts expect that BrightSpring Health Services, Inc. will post 1.67 earnings per share for the current fiscal year.

BrightSpring Health Services Profile

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.