Ghisallo Capital Management LLC Has $2.20 Million Stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Ghisallo Capital Management LLC lowered its stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 59.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 193,542 shares of the company’s stock after selling 286,020 shares during the period. Ghisallo Capital Management LLC owned approximately 0.11% of BrightSpring Health Services worth $2,199,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. nVerses Capital LLC bought a new stake in BrightSpring Health Services during the second quarter worth about $55,000. Ameritas Investment Partners Inc. bought a new stake in BrightSpring Health Services during the first quarter worth about $58,000. California State Teachers Retirement System bought a new stake in BrightSpring Health Services during the first quarter worth about $59,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in BrightSpring Health Services during the second quarter worth about $126,000. Finally, Arizona State Retirement System bought a new stake in BrightSpring Health Services during the second quarter worth about $163,000.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were bought at an average cost of $11.13 per share, for a total transaction 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 is available through this hyperlink.

BrightSpring Health Services Stock Up 0.7 %

Shares of NASDAQ BTSG opened at $14.78 on Wednesday. The company’s 50 day simple moving average is $12.89 and its 200 day simple moving average is $11.56. BrightSpring Health Services, Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $15.47. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.00 and a current ratio of 1.33.

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

Analyst Ratings Changes

Several analysts have recently commented on BTSG shares. The Goldman Sachs Group decreased 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 note on Friday, August 9th. Guggenheim increased their price target on shares of BrightSpring Health Services from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, BTIG Research started coverage on shares of BrightSpring Health Services in a research note on Friday, June 21st. They set a “buy” rating and a $15.00 price target on the stock. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $15.59.

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.