L & S Advisors Inc Takes $1.25 Million Position in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

L & S Advisors Inc acquired a new stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 84,945 shares of the company’s stock, valued at approximately $1,247,000.

A number of other large investors have also recently made changes to their positions in the stock. Kohlberg Kravis Roberts & Co. L.P. purchased a new stake in shares of BrightSpring Health Services during the first quarter valued at $884,166,000. 8 Knots Management LLC purchased a new stake in BrightSpring Health Services in the first quarter valued at $67,678,000. Vanguard Group Inc. purchased a new stake in BrightSpring Health Services in the first quarter valued at $54,638,000. Price T Rowe Associates Inc. MD purchased a new stake in BrightSpring Health Services in the first quarter valued at $16,260,000. Finally, Silvercrest Asset Management Group LLC purchased a new stake in BrightSpring Health Services in the first quarter valued at $14,179,000.

Insider Buying and Selling at BrightSpring Health Services

In other news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This represents a 14.29 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

BrightSpring Health Services Stock Down 0.2 %

BTSG opened at $18.75 on Friday. The company has a market cap of $3.26 billion and a PE ratio of -72.08. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.63. BrightSpring Health Services, Inc. has a twelve month low of $7.85 and a twelve month high of $20.25. The company has a 50-day moving average price of $16.14 and a 200 day moving average price of $13.20.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings data on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.72 billion. BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. Sell-side analysts expect that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BTSG shares. UBS Group upped their price target on shares of BrightSpring Health Services from $16.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. The Goldman Sachs Group lowered their price target on shares of BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Guggenheim upped their price target on shares of BrightSpring Health Services from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. BTIG Research increased their target price on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, KeyCorp started coverage on shares of BrightSpring Health Services in a research note on Friday, October 11th. They set a “sector weight” rating on the stock. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, BrightSpring Health Services presently has a consensus rating of “Moderate Buy” and an average price target of $16.79.

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.