Mcguire Capital Advisors Inc. Takes Position in BrightSpring Health Services, Inc. $BTSG

by · The Cerbat Gem

Mcguire Capital Advisors Inc. purchased a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,689 shares of the company’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of BrightSpring Health Services by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 9,604,703 shares of the company’s stock worth $283,915,000 after purchasing an additional 576,906 shares in the last quarter. 8 Knots Management LLC bought a new stake in shares of BrightSpring Health Services in the 3rd quarter valued at approximately $51,244,000. Victory Capital Management Inc. increased its holdings in BrightSpring Health Services by 551.3% in the third quarter. Victory Capital Management Inc. now owns 726,878 shares of the company’s stock worth $21,487,000 after buying an additional 615,280 shares during the last quarter. Iron Triangle Partners LP increased its holdings in BrightSpring Health Services by 3.2% in the third quarter. Iron Triangle Partners LP now owns 1,238,520 shares of the company’s stock worth $36,611,000 after buying an additional 38,520 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in BrightSpring Health Services by 1,221.9% during the fourth quarter. SG Americas Securities LLC now owns 183,103 shares of the company’s stock valued at $6,857,000 after acquiring an additional 169,251 shares in the last quarter.

BrightSpring Health Services Trading Up 2.8%

NASDAQ:BTSG opened at $66.25 on Friday. The company’s 50 day moving average is $54.87 and its 200-day moving average is $44.86. The company has a quick ratio of 1.38, a current ratio of 1.74 and a debt-to-equity ratio of 1.24. BrightSpring Health Services, Inc. has a 12 month low of $19.01 and a 12 month high of $66.69. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 46.99, a P/E/G ratio of 0.83 and a beta of 1.87.

BrightSpring Health Services (NASDAQ:BTSG – Get Free Report) 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 business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. BrightSpring Health Services had a net margin of 2.27% and a return on equity of 14.63%. BrightSpring Health Services’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. Equities analysts anticipate that BrightSpring Health Services, Inc. will post 1.67 EPS for the current year.

Insider Activity

In other news, insider Lisa A. Nalley sold 35,000 shares of BrightSpring Health Services stock in a transaction dated 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 transaction, the insider directly owned 131,948 shares in the company, valued at approximately $7,751,945. The trade was a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jon B. Rousseau sold 130,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was 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 of the company’s stock, valued at $70,177,051.25. This represents a 9.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. KeyCorp lifted their target price on shares of BrightSpring Health Services from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Wells Fargo & Company raised their price target on shares of BrightSpring Health Services from $50.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Cantor Fitzgerald set a $49.00 price objective on shares of BrightSpring Health Services in a research note on Monday, March 2nd. TD Cowen upped their price objective on shares of BrightSpring Health Services from $65.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday. Finally, UBS Group increased their target price on shares of BrightSpring Health Services from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Two analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $59.60.

Check Out Our Latest Stock Report on BTSG

BrightSpring Health Services Profile

(Free Report)

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.

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