BrightSpring Health Services, Inc. (NASDAQ:BTSG) Shares Sold by Unisphere Establishment

Unisphere Establishment cut its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 24.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 900,000 shares of the company’s stock after selling 289,553 shares during the period. Unisphere Establishment’s holdings in BrightSpring Health Services were worth $10,224,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BTSG. nVerses Capital LLC purchased a new position in BrightSpring Health Services in the second quarter valued at about $55,000. Ameritas Investment Partners Inc. purchased a new position in shares of BrightSpring Health Services during the 1st quarter valued at approximately $58,000. California State Teachers Retirement System acquired a new stake in shares of BrightSpring Health Services during the first quarter worth approximately $59,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of BrightSpring Health Services during the second quarter worth approximately $126,000. Finally, Arizona State Retirement System bought a new stake in shares of BrightSpring Health Services in the second quarter worth $163,000.

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 stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BTSG. The Goldman Sachs Group reduced their price objective 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. BTIG Research began coverage on BrightSpring Health Services in a research note on Friday, June 21st. They issued a “buy” rating and a $15.00 price target for the company. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, BrightSpring Health Services presently has an average rating of “Buy” and an average target price of $15.32.

BrightSpring Health Services Trading Up 1.4 %

Shares of NASDAQ BTSG opened at $15.22 on Wednesday. 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 $12.65 and its two-hundred day moving average price is $11.39. BrightSpring Health Services, Inc. has a 52-week low of $7.85 and a 52-week high of $15.47.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings results 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 company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.61 billion. The business’s quarterly 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.

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.