Janus Henderson Group PLC Buys 187,485 Shares of BrightSpring Health Services, Inc. $BTSG

Janus Henderson Group PLC boosted its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 452.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 228,941 shares of the company’s stock after purchasing an additional 187,485 shares during the period. Janus Henderson Group PLC’s holdings in BrightSpring Health Services were worth $9,756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Smith Group Asset Management LLC increased its position in BrightSpring Health Services by 1.8% in the first quarter. Smith Group Asset Management LLC now owns 53,170 shares of the company’s stock worth $2,266,000 after buying an additional 927 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of BrightSpring Health Services by 23.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,718 shares of the company’s stock valued at $201,000 after buying an additional 892 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of BrightSpring Health Services by 70.8% during the 1st quarter. California State Teachers Retirement System now owns 158,147 shares of the company’s stock worth $6,739,000 after acquiring an additional 65,542 shares during the period. Quantinno Capital Management LP grew its stake in shares of BrightSpring Health Services by 22.6% during the 1st quarter. Quantinno Capital Management LP now owns 10,751 shares of the company’s stock worth $458,000 after acquiring an additional 1,979 shares during the period. Finally, Castleark Management LLC increased its holdings in BrightSpring Health Services by 55.9% in the 1st quarter. Castleark Management LLC now owns 247,200 shares of the company’s stock worth $10,533,000 after acquiring an additional 88,600 shares during the last quarter.

BrightSpring Health Services Stock Performance

NASDAQ BTSG opened at $63.02 on Thursday. The stock has a market capitalization of $12.47 billion, a PE ratio of 37.96, a P/E/G ratio of 0.77 and a beta of 1.88. BrightSpring Health Services, Inc. has a 1 year low of $19.51 and a 1 year high of $73.75. The company’s 50 day simple moving average is $66.51 and its two-hundred day simple moving average is $52.44. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.59 and a quick ratio of 1.22.

BrightSpring Health Services (NASDAQ:BTSG) last posted its earnings results on Friday, July 31st. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.66 billion. BrightSpring Health Services had a return on equity of 16.73% and a net margin of 2.55%.The firm’s revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 earnings per share. Analysts predict that BrightSpring Health Services, Inc. will post 1.78 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Lisa A. Nalley sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $58.75, for a total value 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jon B. Rousseau sold 130,000 shares of the stock in a transaction that occurred 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 transaction, the insider owned 1,194,503 shares in the company, valued at $70,177,051.25. The trade was a 9.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on BTSG shares. TD Cowen upped their price objective on shares of BrightSpring Health Services from $65.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, June 18th. UBS Group boosted their price target on shares of BrightSpring Health Services from $63.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Zacks Research cut shares of BrightSpring Health Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. KeyCorp reiterated an “overweight” rating on shares of BrightSpring Health Services in a research note on Monday. Finally, Mizuho boosted their target price on shares of BrightSpring Health Services from $52.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $70.71.

About BrightSpring Health Services

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.