Jon B. Rousseau Sells 531,840 Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) Stock

BrightSpring Health Services, Inc. (NASDAQ:BTSG) insider Jon B. Rousseau sold 531,840 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $21.75, for a total value of $11,567,520.00. Following the sale, the insider now directly owns 1,184,133 shares of the company’s stock, valued at $25,754,892.75. The trade was a 30.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

BrightSpring Health Services Stock Performance

NASDAQ:BTSG opened at $21.18 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 0.97. The business has a fifty day simple moving average of $20.74 and a two-hundred day simple moving average of $19.64. BrightSpring Health Services, Inc. has a 1 year low of $10.15 and a 1 year high of $25.57. The company has a market capitalization of $3.72 billion, a P/E ratio of -81.46 and a beta of 2.58.

BrightSpring Health Services (NASDAQ:BTSG) last released its earnings results on Friday, May 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.10. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period last year, the business posted $0.12 earnings per share. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. On average, analysts expect that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current year.

Hedge Funds Weigh In On BrightSpring Health Services

A number of large investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its holdings in shares of BrightSpring Health Services by 4.8% in the first quarter. Rhumbline Advisers now owns 77,100 shares of the company’s stock worth $1,395,000 after acquiring an additional 3,517 shares during the period. Strs Ohio bought a new position in shares of BrightSpring Health Services in the first quarter worth $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of BrightSpring Health Services by 11.0% in 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 worth $2,664,000 after acquiring an additional 14,586 shares during the period. Millennium Management LLC boosted its holdings in shares of BrightSpring Health Services by 0.3% in the first quarter. Millennium Management LLC now owns 577,885 shares of the company’s stock worth $10,454,000 after acquiring an additional 1,967 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of BrightSpring Health Services by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,429 shares of the company’s stock worth $587,000 after acquiring an additional 1,780 shares during the period.

Analyst Ratings Changes

A number of analysts recently commented on BTSG shares. Wells Fargo & Company increased their price target on BrightSpring Health Services from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. Morgan Stanley increased their price target on BrightSpring Health Services from $20.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Finally, Mizuho set a $26.00 price target on BrightSpring Health Services in a research report on Monday, May 5th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.56.

BrightSpring Health Services Company Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.