Vise Technologies Inc. Purchases New Shares in BrightSpring Health Services, Inc. $BTSG

Vise Technologies Inc. acquired a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 14,247 shares of the company’s stock, valued at approximately $994,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BTSG. AQR Capital Management LLC acquired a new stake in BrightSpring Health Services in the 1st quarter valued at about $276,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of BrightSpring Health Services by 5.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,429 shares of the company’s stock worth $587,000 after purchasing an additional 1,780 shares in the last quarter. Millennium Management LLC grew its stake in shares of BrightSpring Health Services by 0.3% during the first quarter. Millennium Management LLC now owns 577,885 shares of the company’s stock valued at $10,454,000 after purchasing an additional 1,967 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of BrightSpring Health Services by 11.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,280 shares of the company’s stock valued at $2,664,000 after purchasing an additional 14,586 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of BrightSpring Health Services in the second quarter valued at approximately $351,000.

BrightSpring Health Services Trading Down 1.1%

NASDAQ BTSG opened at $58.87 on Friday. BrightSpring Health Services, Inc. has a 12 month low of $22.86 and a 12 month high of $73.75. The stock has a 50-day simple moving average of $66.45 and a 200 day simple moving average of $54.09. The company has a current ratio of 1.59, a quick ratio of 1.22 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $11.65 billion, a PE ratio of 35.46, a P/E/G ratio of 0.72 and a beta of 1.88.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Friday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The firm had revenue of $3.87 billion for 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 company’s revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.22 earnings per share. Research analysts forecast that BrightSpring Health Services, Inc. will post 1.82 EPS for the current year.

Wall Street Analysts Forecast Growth

BTSG has been the subject of several research analyst reports. KeyCorp restated an “overweight” rating on shares of BrightSpring Health Services in a research report on Monday, August 3rd. Zacks Research upgraded BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Mizuho lifted their target price on BrightSpring Health Services from $52.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. UBS Group boosted their target price on BrightSpring Health Services from $63.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Finally, Stephens upped their price target on BrightSpring Health Services from $53.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $70.71.

Insider Buying and Selling

In related news, 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 value of $7,637,500.00. Following the sale, 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. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lisa A. Nalley sold 35,000 shares of the business’s 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 $2,056,250.00. Following the transaction, the insider owned 131,948 shares of the company’s stock, valued at approximately $7,751,945. This represents a 20.96% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.80% of the company’s stock.

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.