Swiss National Bank Acquires 92,000 Shares of BrightSpring Health Services, Inc. $BTSG

Swiss National Bank increased its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 47.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 284,100 shares of the company’s stock after purchasing an additional 92,000 shares during the period. Swiss National Bank’s holdings in BrightSpring Health Services were worth $12,106,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of BrightSpring Health Services by 30.5% in the 4th quarter. Vanguard Group Inc. now owns 12,533,656 shares of the company’s stock valued at $469,385,000 after purchasing an additional 2,928,953 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of BrightSpring Health Services by 4.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,662,236 shares of the company’s stock worth $399,302,000 after buying an additional 478,436 shares in the last quarter. Invesco Ltd. lifted its position in shares of BrightSpring Health Services by 13.4% during the 4th quarter. Invesco Ltd. now owns 10,595,232 shares of the company’s stock worth $396,791,000 after buying an additional 1,248,107 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in BrightSpring Health Services by 21.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,123,865 shares of the company’s stock valued at $229,339,000 after buying an additional 1,091,757 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in BrightSpring Health Services by 12.1% in the 2nd quarter. Alliancebernstein L.P. now owns 5,450,085 shares of the company’s stock valued at $128,568,000 after buying an additional 588,642 shares in the last quarter.

BrightSpring Health Services Price Performance

BrightSpring Health Services stock opened at $72.91 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.38 and a current ratio of 1.74. The firm has a market cap of $14.38 billion, a P/E ratio of 51.71, a P/E/G ratio of 0.92 and a beta of 1.79. The business’s fifty day moving average is $65.20 and its two-hundred day moving average is $50.81. BrightSpring Health Services, Inc. has a 52 week low of $19.01 and a 52 week high of $73.40.

BrightSpring Health Services (NASDAQ:BTSG) last announced its earnings results on Friday, May 1st. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. Equities research analysts forecast that BrightSpring Health Services, Inc. will post 1.7 earnings per share for the current fiscal year.

Insider Transactions at BrightSpring Health Services

In other BrightSpring Health Services news, insider Lisa A. Nalley sold 35,000 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $58.75, for a total transaction of $2,056,250.00. Following the sale, the insider owned 131,948 shares of the company’s stock, valued at $7,751,945. This represents a 20.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jon B. Rousseau sold 130,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider owned 1,194,503 shares of the company’s stock, valued at $70,177,051.25. The trade was a 9.82% decrease in their position. The SEC filing for this sale provides additional information. 2.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BTSG. Weiss Ratings upgraded BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Bank of America boosted their target price on shares of BrightSpring Health Services from $66.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Stephens upped their target price on shares of BrightSpring Health Services from $53.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. BMO Capital Markets set a $70.00 target price on shares of BrightSpring Health Services in a research report on Thursday, May 21st. Finally, Raymond James Financial assumed coverage on shares of BrightSpring Health Services in a report on Thursday, July 9th. They set an “outperform” rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, BrightSpring Health Services presently has an average rating of “Buy” and an average price target 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.