Unisphere Establishment Has $10.22 Million Stock Position in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

Unisphere Establishment cut its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 24.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 900,000 shares of the company's stock after selling 289,553 shares during the quarter. Unisphere Establishment owned 0.53% of BrightSpring Health Services worth $10,224,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BTSG. nVerses Capital LLC acquired a new stake in shares of BrightSpring Health Services during the 2nd quarter valued at about $55,000. Ameritas Investment Partners Inc. acquired a new stake in shares of BrightSpring Health Services during the 1st quarter valued at about $58,000. California State Teachers Retirement System bought a new position in shares of BrightSpring Health Services in the 1st quarter valued at approximately $59,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of BrightSpring Health Services in the 2nd quarter valued at approximately $126,000. Finally, Arizona State Retirement System bought a new position in shares of BrightSpring Health Services in the 2nd quarter valued at approximately $163,000.

BrightSpring Health Services Trading Down 0.7 %

Shares of BTSG traded down $0.10 during midday trading on Wednesday, hitting $15.12. The stock had a trading volume of 413,977 shares, compared to its average volume of 1,493,376. BrightSpring Health Services, Inc. has a twelve month low of $7.85 and a twelve month 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. The company has a 50 day simple moving average of $12.65 and a two-hundred day simple moving average of $11.39.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last announced 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 business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.61 billion. The business's quarterly revenue was up 26.0% on a year-over-year basis. Analysts anticipate that BrightSpring Health Services, Inc. will post 0.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. The Goldman Sachs Group cut their price objective on 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 assumed coverage on BrightSpring Health Services in a research report on Friday, June 21st. They issued a "buy" rating and a $15.00 price target on the stock. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $15.32.

Insider Buying and Selling

In other BrightSpring Health Services 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 stock was purchased at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares of the company's stock, valued at $1,034,644,621.92. The acquisition was disclosed in a filing with the SEC, which is available at this link.

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.