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

Ghisallo Capital Management LLC reduced its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 59.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 193,542 shares of the company’s stock after selling 286,020 shares during the quarter. Ghisallo Capital Management LLC’s holdings in BrightSpring Health Services were worth $2,199,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC acquired a new position in shares of BrightSpring Health Services during the 1st quarter worth about $14,179,000. Price T Rowe Associates Inc. MD acquired a new position in shares of BrightSpring Health Services during the 1st quarter worth about $16,260,000. Capstone Investment Advisors LLC acquired a new position in shares of BrightSpring Health Services during the 1st quarter worth about $9,722,000. TD Asset Management Inc acquired a new position in shares of BrightSpring Health Services during the 2nd quarter worth about $2,308,000. Finally, Magnetar Financial LLC increased its stake in shares of BrightSpring Health Services by 46.9% during the 2nd quarter. Magnetar Financial LLC now owns 1,188,302 shares of the company’s stock worth $13,499,000 after purchasing an additional 379,149 shares during the last quarter.

BrightSpring Health Services Trading Up 0.7 %

NASDAQ BTSG opened at $14.78 on Wednesday. The firm has a 50-day moving average price of $12.89 and a two-hundred day moving average price of $11.56. BrightSpring Health Services, Inc. has a 12-month low of $7.85 and a 12-month high of $15.47. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.33 and a quick ratio of 1.00.

BrightSpring Health Services (NASDAQ:BTSG) last issued 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 for the quarter, compared to the consensus estimate of $2.61 billion. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. On average, equities analysts predict that BrightSpring Health Services, Inc. will post 0.57 earnings per share for the current year.

Insider Transactions at BrightSpring Health Services

In other 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 stock was bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Guggenheim boosted their price objective on shares of BrightSpring Health Services from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday. 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. Finally, BTIG Research assumed coverage on shares of BrightSpring Health Services in a research note on Friday, June 21st. They issued 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, BrightSpring Health Services currently has an average rating of “Buy” and an average target price 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.