Millennium Management LLC Sells 115,258 Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Millennium Management LLC lessened its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 16.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 590,474 shares of the company’s stock after selling 115,258 shares during the period. Millennium Management LLC owned 0.34% of BrightSpring Health Services worth $6,708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. nVerses Capital LLC bought a new stake in shares of BrightSpring Health Services during the 2nd quarter valued at about $55,000. Ameritas Investment Partners Inc. bought a new position in shares of BrightSpring Health Services in the first quarter valued at approximately $58,000. California State Teachers Retirement System bought a new position in shares of BrightSpring Health Services in the first quarter valued at approximately $59,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of BrightSpring Health Services during the second quarter valued at approximately $126,000. Finally, Arizona State Retirement System purchased a new stake in shares of BrightSpring Health Services during the second quarter valued at approximately $163,000.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Guggenheim increased their price target on BrightSpring Health Services from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. The Goldman Sachs Group decreased their target price on BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, BTIG Research raised their target price on BrightSpring Health Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $16.05.

Insider Activity at BrightSpring Health Services

In other BrightSpring Health Services news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the purchase, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

BrightSpring Health Services Price Performance

Shares of NASDAQ BTSG opened at $15.17 on Friday. 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 current ratio of 1.33, a quick ratio of 1.00 and a debt-to-equity ratio of 1.62. The stock has a fifty day moving average of $13.30 and a 200-day moving average of $11.85.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings results 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 firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.61 billion. BrightSpring Health Services’s revenue was up 26.0% compared to the same quarter last year. Sell-side analysts forecast that BrightSpring Health Services, Inc. will post 0.57 EPS for the current fiscal year.

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.