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

Legacy Financial Independent Advisors LLC lowered its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 34.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 15,991 shares of the company’s stock after selling 8,479 shares during the quarter. Legacy Financial Independent Advisors LLC’s holdings in BrightSpring Health Services were worth $907,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. WESPAC Advisors LLC grew its position in shares of BrightSpring Health Services by 1.9% in the 3rd quarter. WESPAC Advisors LLC now owns 11,942 shares of the company’s stock worth $678,000 after acquiring an additional 228 shares in the last quarter. Allworth Financial LP raised its position in shares of BrightSpring Health Services by 179.3% during the 2nd quarter. Allworth Financial LP now owns 405 shares of the company’s stock valued at $28,000 after acquiring an additional 260 shares in the last quarter. State of Wyoming lifted its stake in BrightSpring Health Services by 4.5% during the first quarter. State of Wyoming now owns 7,776 shares of the company’s stock worth $331,000 after purchasing an additional 336 shares during the last quarter. IFP Advisors Inc lifted its stake in BrightSpring Health Services by 204.5% during the second quarter. IFP Advisors Inc now owns 606 shares of the company’s stock worth $42,000 after purchasing an additional 407 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in BrightSpring Health Services by 1.1% in the second quarter. Arizona State Retirement System now owns 39,976 shares of the company’s stock worth $2,788,000 after purchasing an additional 423 shares during the period.

Analyst Ratings Changes

Several analysts have weighed in on BTSG shares. The Goldman Sachs Group reiterated a “buy” rating and set a $90.00 target price on shares of BrightSpring Health Services in a research note on Monday. UBS Group raised their price target on shares of BrightSpring Health Services from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday. BMO Capital Markets restated an “outperform” rating on shares of BrightSpring Health Services in a research report on Friday, October 2nd. Morgan Stanley lifted their price target on shares of BrightSpring Health Services from $71.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Finally, BTIG Research reaffirmed a “buy” rating and set a $90.00 price objective on shares of BrightSpring Health Services in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned 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 an average target price of $77.81.

BrightSpring Health Services Trading Down 5.6%

NASDAQ:BTSG opened at $65.86 on Friday. The firm 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 business has a 50 day simple moving average of $60.63 and a 200 day simple moving average of $55.12. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.62 and a quick ratio of 1.22. BrightSpring Health Services, Inc. has a 12-month low of $30.64 and a 12-month high of $73.75.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Friday, October 30th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.07. The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $3.88 billion. BrightSpring Health Services had a return on equity of 18.56% and a net margin of 2.69%. BrightSpring Health Services’s quarterly revenue was up 26.4% compared to the same quarter last year. Equities research analysts predict that BrightSpring Health Services, Inc. will post 1.64 EPS for the current year.

BrightSpring Health Services 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.