Militia Capital Management LLC Invests $568,000 in BrightSpring Health Services, Inc. $BTSG

Militia Capital Management LLC bought a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,331 shares of the company’s stock, valued at approximately $568,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in shares of BrightSpring Health Services by 1,221.9% in the 4th quarter. SG Americas Securities LLC now owns 183,103 shares of the company’s stock valued at $6,857,000 after purchasing an additional 169,251 shares during the period. New York State Teachers Retirement System acquired a new position in shares of BrightSpring Health Services in the 4th quarter worth approximately $1,311,000. State of Alaska Department of Revenue lifted its position in shares of BrightSpring Health Services by 540.6% during the 4th quarter. State of Alaska Department of Revenue now owns 68,973 shares of the company’s stock worth $2,582,000 after buying an additional 58,206 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of BrightSpring Health Services by 701.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 255,902 shares of the company’s stock worth $9,827,000 after buying an additional 223,988 shares during the period. Finally, Capricorn Fund Managers Ltd acquired a new stake in BrightSpring Health Services in the 4th quarter valued at $3,745,000.

Insiders Place Their Bets

In other news, insider Lisa A. Nalley sold 35,000 shares of the business’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 completion of the sale, the insider owned 131,948 shares in the company, valued at $7,751,945. The trade was a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jon B. Rousseau sold 130,000 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 $7,637,500.00. Following the transaction, the insider directly owned 1,194,503 shares in the company, valued at $70,177,051.25. This trade represents a 9.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.80% of the company’s stock.

BrightSpring Health Services Price Performance

BTSG opened at $69.84 on Friday. 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 stock has a market capitalization of $13.78 billion, a P/E ratio of 49.53, a price-to-earnings-growth ratio of 0.88 and a beta of 1.79. The company’s 50 day simple moving average is $64.90 and its 200-day simple moving average is $50.65. BrightSpring Health Services, Inc. has a one year low of $19.01 and a one year high of $73.40.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.10. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. Sell-side analysts anticipate that BrightSpring Health Services, Inc. will post 1.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on BTSG shares. UBS Group upped their price target on BrightSpring Health Services from $63.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. BTIG Research lifted their price objective on BrightSpring Health Services from $65.00 to $90.00 and gave the company a “buy” rating in a report on Monday, June 22nd. KeyCorp upped their target price on shares of BrightSpring Health Services from $60.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $60.00 target price on shares of BrightSpring Health Services in a report on Monday, May 4th. Finally, TD Cowen increased their target price on shares of BrightSpring Health Services from $65.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $70.12.

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.