Militia Capital Management LLC Takes $568,000 Position in BrightSpring Health Services, Inc. $BTSG

Militia Capital Management LLC bought a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,331 shares of the company’s stock, valued at approximately $568,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. NBC Securities Inc. purchased a new position in BrightSpring Health Services during the fourth quarter valued at $29,000. Salomon & Ludwin LLC purchased a new stake in BrightSpring Health Services in the 4th quarter worth $30,000. GHP Investment Advisors Inc. purchased a new stake in BrightSpring Health Services in the 1st quarter worth $31,000. EverSource Wealth Advisors LLC purchased a new stake in BrightSpring Health Services in the 2nd quarter worth $43,000. Finally, Meeder Asset Management Inc. bought a new position in shares of BrightSpring Health Services during the 1st quarter valued at about $52,000.

BrightSpring Health Services Stock Performance

NASDAQ BTSG opened at $60.47 on Tuesday. The business’s 50 day moving average price is $66.41 and its 200-day moving average price is $52.10. BrightSpring Health Services, Inc. has a fifty-two week low of $19.01 and a fifty-two week high of $73.75. The company has a market cap of $11.93 billion, a P/E ratio of 36.43, a P/E/G ratio of 0.75 and a beta of 1.88. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.22 and a current ratio of 1.59.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly 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 company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.66 billion. BrightSpring Health Services had a return on equity of 16.73% and a net margin of 2.55%.BrightSpring Health Services’s revenue was up 23.0% on a year-over-year basis. During the same period last year, the company earned $0.22 earnings per share. Sell-side analysts predict that BrightSpring Health Services, Inc. will post 1.71 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of BrightSpring Health Services in a research report on Friday. Zacks Research downgraded BrightSpring Health Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. KeyCorp reissued an “overweight” rating on shares of BrightSpring Health Services in a research note on Monday. BMO Capital Markets set a $70.00 price target on BrightSpring Health Services in a report on Thursday, May 21st. Finally, Stephens lifted their price objective on BrightSpring Health Services from $53.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. 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. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $70.71.

Insider Buying and Selling at BrightSpring Health Services

In other news, insider Lisa A. Nalley sold 35,000 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $58.75, for a total value of $2,056,250.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jon B. Rousseau sold 130,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was 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. This trade represents a 9.82% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.80% of the company’s stock.

About BrightSpring Health Services

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.