BrightSpring Health Services, Inc. (NASDAQ:BTSG) Shares Bought by Magnetar Financial LLC

Magnetar Financial LLC lifted its stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 46.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,188,302 shares of the company’s stock after buying an additional 379,149 shares during the quarter. Magnetar Financial LLC owned approximately 0.69% of BrightSpring Health Services worth $13,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Kohlberg Kravis Roberts & Co. L.P. acquired a new position in BrightSpring Health Services during the 1st quarter worth $884,166,000. 8 Knots Management LLC bought a new stake in BrightSpring Health Services in the first quarter valued at about $67,678,000. Vanguard Group Inc. acquired a new stake in BrightSpring Health Services during the first quarter valued at approximately $54,638,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in BrightSpring Health Services during the 1st quarter worth approximately $35,328,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of BrightSpring Health Services in the 1st quarter worth approximately $16,260,000.

BrightSpring Health Services Stock Down 2.0 %

BrightSpring Health Services stock opened at $14.73 on Monday. BrightSpring Health Services, Inc. has a 52-week low of $7.85 and a 52-week high of $15.38. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.33 and a quick ratio of 1.00. The firm has a 50-day moving average price of $12.51 and a two-hundred day moving average price of $11.30.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.61 billion. BrightSpring Health Services’s quarterly revenue was up 26.0% compared to the same quarter last year. As a group, equities analysts predict that BrightSpring Health Services, Inc. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BTSG has been the topic of several research reports. The Goldman Sachs Group reduced their price objective on BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. BTIG Research started coverage on shares of BrightSpring Health Services in a research report on Friday, June 21st. They issued a “buy” rating and a $15.00 price target on the stock. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, BrightSpring Health Services currently has an average rating of “Buy” and an average target price of $15.32.

Insiders Place Their Bets

In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

About BrightSpring Health Services

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.