Eagle Asset Management Inc. Sells 138,732 Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Eagle Asset Management Inc. trimmed its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 17.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 670,356 shares of the company's stock after selling 138,732 shares during the period. Eagle Asset Management Inc. owned approximately 0.38% of BrightSpring Health Services worth $9,841,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BTSG. Charles Schwab Investment Management Inc. increased its position in shares of BrightSpring Health Services by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 440,335 shares of the company's stock valued at $6,464,000 after acquiring an additional 6,326 shares during the last quarter. L & S Advisors Inc acquired a new position in BrightSpring Health Services in the 3rd quarter valued at about $1,247,000. Intech Investment Management LLC purchased a new stake in BrightSpring Health Services during the third quarter worth about $159,000. LMR Partners LLP acquired a new stake in shares of BrightSpring Health Services during the third quarter worth about $493,000. Finally, GSA Capital Partners LLP boosted its stake in shares of BrightSpring Health Services by 65.8% in the third quarter. GSA Capital Partners LLP now owns 198,998 shares of the company's stock valued at $2,921,000 after purchasing an additional 78,965 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have commented on BTSG. Guggenheim boosted their price target 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, October 1st. Mizuho boosted their target price on shares of BrightSpring Health Services from $17.00 to $20.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. The Goldman Sachs Group lowered their price objective 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. KeyCorp started coverage on shares of BrightSpring Health Services in a research note on Friday, October 11th. They issued a "sector weight" rating on the stock. Finally, BTIG Research upped their target price on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, BrightSpring Health Services currently has an average rating of "Moderate Buy" and an average price target of $16.79.

Insider Transactions at BrightSpring Health Services

In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company's stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost 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 $1,034,644,621.92. The trade was a 14.29 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BrightSpring Health Services Price Performance

BTSG stock remained flat at $18.75 during trading on Friday. The company's stock had a trading volume of 1,075,138 shares, compared to its average volume of 1,493,120. The stock has a market capitalization of $3.26 billion and a price-to-earnings ratio of -72.12. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. BrightSpring Health Services, Inc. has a one year low of $7.85 and a one year high of $20.25. The company has a fifty day simple moving average of $16.33 and a two-hundred day simple moving average of $13.29.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.72 billion. The business's revenue for the quarter was up 28.8% on a year-over-year basis. As a group, sell-side analysts expect that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.

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.