BrightSpring Health Services, Inc. (NASDAQ:BTSG) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 20.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,643 shares of the company’s stock after acquiring an additional 12,479 shares during the period. Rhumbline Advisers’ holdings in BrightSpring Health Services were worth $837,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Kohlberg Kravis Roberts & Co. L.P. acquired a new stake in shares of BrightSpring Health Services during the first quarter valued at about $884,166,000. 8 Knots Management LLC bought a new position in shares of BrightSpring Health Services during the first quarter worth about $67,678,000. Vanguard Group Inc. bought a new position in shares of BrightSpring Health Services during the first quarter worth about $54,638,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of BrightSpring Health Services during the first quarter worth about $35,328,000. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of BrightSpring Health Services during the first quarter worth about $16,260,000.

Wall Street Analyst Weigh In

BTSG has been the topic of several research analyst reports. BTIG Research initiated coverage on shares of BrightSpring Health Services in a research report on Friday, June 21st. They set a “buy” rating and a $15.00 price target on the stock. The Goldman Sachs Group reduced 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 research report on Friday, August 9th. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $15.32.

BrightSpring Health Services Trading Up 1.9 %

Shares of NASDAQ BTSG opened at $15.01 on Tuesday. 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’s 50-day moving average price is $12.58 and its two-hundred day moving average price is $11.35. BrightSpring Health Services, Inc. has a 52-week low of $7.85 and a 52-week high of $15.38.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings results on Friday, August 2nd. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.61 billion. The company’s revenue was up 26.0% on a year-over-year basis. On average, research analysts predict that BrightSpring Health Services, Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Activity

In other BrightSpring Health Services news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the acquisition, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

BrightSpring Health Services 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.