Legato Capital Management LLC Acquires 39,735 Shares of BrightSpring Health Services, Inc. $BTSG

Legato Capital Management LLC grew its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 241.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 56,180 shares of the company’s stock after purchasing an additional 39,735 shares during the quarter. Legato Capital Management LLC’s holdings in BrightSpring Health Services were worth $2,104,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NBC Securities Inc. bought a new position in shares of BrightSpring Health Services during the 4th quarter worth approximately $29,000. Salomon & Ludwin LLC acquired a new position in shares of BrightSpring Health Services during the fourth quarter worth approximately $30,000. Farther Finance Advisors LLC raised its position in shares of BrightSpring Health Services by 112.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company’s stock worth $64,000 after purchasing an additional 910 shares during the period. EverSource Wealth Advisors LLC acquired a new position in shares of BrightSpring Health Services during the second quarter worth approximately $43,000. Finally, CWM LLC raised its position in shares of BrightSpring Health Services by 17.5% during the fourth quarter. CWM LLC now owns 1,874 shares of the company’s stock worth $70,000 after purchasing an additional 279 shares during the period.

Insider Buying and Selling

In related news, CFO Jennifer A. Phipps sold 35,000 shares of BrightSpring Health Services stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total value of $1,440,250.00. Following the completion of the sale, the chief financial officer owned 196,840 shares of the company’s stock, valued at approximately $8,099,966. This trade represents a 15.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Lisa A. Nalley sold 30,000 shares of BrightSpring Health Services stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total value of $1,234,500.00. Following the completion of the sale, the insider directly owned 110,594 shares of the company’s stock, valued at approximately $4,550,943.10. This trade represents a 21.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 285,000 shares of company stock valued at $11,727,750. 2.80% of the stock is owned by insiders.

Analyst Ratings Changes

BTSG has been the topic of a number of research reports. BMO Capital Markets set a $70.00 target price on BrightSpring Health Services in a research report on Thursday. Weiss Ratings raised BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $60.00 target price on shares of BrightSpring Health Services in a research report on Monday, May 4th. Cantor Fitzgerald set a $49.00 price objective on BrightSpring Health Services in a research note on Monday, March 2nd. Finally, TD Cowen raised their price objective on BrightSpring Health Services from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $57.00.

BrightSpring Health Services Trading Up 0.9%

NASDAQ BTSG opened at $58.50 on Friday. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 41.49, a PEG ratio of 0.77 and a beta of 1.71. BrightSpring Health Services, Inc. has a one year low of $19.01 and a one year high of $59.65. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.74 and a quick ratio of 1.38. The business’s fifty day moving average is $47.64 and its 200-day moving average is $41.12.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. Equities research analysts predict that BrightSpring Health Services, Inc. will post 1.64 EPS for the current 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.