8,479 BrightSpring Health Services, Inc. $BTSG Shares Sold by Legacy Financial Independent Advisors LLC

Legacy Financial Independent Advisors LLC decreased its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 34.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 15,991 shares of the company’s stock after selling 8,479 shares during the period. Legacy Financial Independent Advisors LLC’s holdings in BrightSpring Health Services were worth $907,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BTSG. The Manufacturers Life Insurance Company acquired a new stake in shares of BrightSpring Health Services in the second quarter worth $239,377,000. Bank of America Corp DE purchased a new stake in BrightSpring Health Services during the 2nd quarter worth $127,475,000. Bank of New York Mellon Corp purchased a new stake in BrightSpring Health Services during the 2nd quarter worth $118,162,000. Arrowstreet Capital Limited Partnership increased its holdings in BrightSpring Health Services by 109.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,370,440 shares of the company’s stock valued at $58,394,000 after purchasing an additional 716,949 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in BrightSpring Health Services by 236.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 860,134 shares of the company’s stock valued at $36,151,000 after purchasing an additional 604,232 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Raymond James Financial initiated coverage on BrightSpring Health Services in a research note on Thursday, July 9th. They set an “outperform” rating and a $80.00 price objective on the stock. TD Cowen upped their target price on BrightSpring Health Services from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday. Wall Street Zen upgraded BrightSpring Health Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. The Goldman Sachs Group reiterated a “buy” rating and set a $90.00 target price on shares of BrightSpring Health Services in a report on Monday. Finally, Weiss Ratings raised BrightSpring Health Services from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $77.81.

BrightSpring Health Services Trading Down 5.6%

Shares of BTSG opened at $65.86 on Friday. The stock has a 50-day moving average price of $60.63 and a 200 day moving average price of $55.12. BrightSpring Health Services, Inc. has a one year low of $30.64 and a one year high of $73.75. The company has a market capitalization of $13.11 billion, a P/E ratio of 35.60, a P/E/G ratio of 0.79 and a beta of 1.77. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.62.

BrightSpring Health Services (NASDAQ:BTSG) last released its earnings results on Friday, October 30th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.47 by $0.07. BrightSpring Health Services had a return on equity of 18.56% and a net margin of 2.69%. The company had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $3.88 billion. BrightSpring Health Services’s revenue for the quarter was up 26.4% on a year-over-year basis. Sell-side analysts forecast that BrightSpring Health Services, Inc. will post 1.64 EPS for the current fiscal year.

BrightSpring Health Services Company Profile

BrightSpring Health Services (NASDAQ:BTSG) is a Louisville, Kentucky-based provider of home- and community-based health services and pharmacy services. The company focuses on supporting individuals with complex or chronic care needs, including older adults and people with disabilities, through care delivered in homes, communities and other non-hospital settings.

Its services include home health, hospice, personal care, behavioral health, primary care, rehabilitation and community living programs.