362,066 Shares in BrightSpring Health Services, Inc. $BTSG Bought by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 362,066 shares of the company’s stock, valued at approximately $25,250,000.

Several other large investors have also bought and sold shares of BTSG. Vanguard Group Inc. lifted its position in shares of BrightSpring Health Services by 30.5% during the fourth quarter. Vanguard Group Inc. now owns 12,533,656 shares of the company’s stock valued at $469,385,000 after purchasing an additional 2,928,953 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in BrightSpring Health Services by 4.7% in 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 last quarter. Invesco Ltd. lifted its stake in shares of 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 buying an additional 1,248,107 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of BrightSpring Health Services by 21.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,123,865 shares of the company’s stock worth $229,339,000 after acquiring an additional 1,091,757 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in BrightSpring Health Services by 12.1% in the 2nd quarter. Alliancebernstein L.P. now owns 5,450,085 shares of the company’s stock worth $128,568,000 after purchasing an additional 588,642 shares during the period.

Insider Activity

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 directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lisa A. Nalley sold 35,000 shares of the company’s stock in a transaction 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 sale, the insider owned 131,948 shares of the company’s stock, valued at approximately $7,751,945. This trade represents a 20.96% decrease in their position. The SEC filing for this sale provides additional information. 2.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BTSG has been the subject of a number of recent analyst reports. TD Cowen boosted their price target on shares of BrightSpring Health Services from $65.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Bank of America boosted their price objective on shares of BrightSpring Health Services from $66.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Wells Fargo & Company increased their target price on BrightSpring Health Services from $61.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, July 13th. KeyCorp restated an “overweight” rating on shares of BrightSpring Health Services in a research report on Monday, August 3rd. Finally, Wall Street Zen downgraded BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 23rd. Two investment analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $70.71.

BrightSpring Health Services Stock Down 2.9%

Shares of NASDAQ:BTSG opened at $59.13 on Friday. BrightSpring Health Services, Inc. has a 12-month low of $22.86 and a 12-month high of $73.75. The stock has a fifty day simple moving average of $65.91 and a two-hundred day simple moving average of $54.81. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 0.71 and a beta of 1.88. The company has a current ratio of 1.59, a quick ratio of 1.22 and a debt-to-equity ratio of 1.06.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings data on Friday, July 31st. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.66 billion. BrightSpring Health Services had a net margin of 2.55% and a return on equity of 16.73%. BrightSpring Health Services’s revenue was up 23.0% compared to the same quarter last year. During the same period last year, the business earned $0.22 EPS. On average, research analysts anticipate that BrightSpring Health Services, Inc. will post 1.82 earnings per share for the current fiscal year.

BrightSpring Health Services Company 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.