Triumph Capital Management Makes New $1.12 Million Investment in BrightSpring Health Services, Inc. $BTSG

Triumph Capital Management purchased a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 19,725 shares of the company’s stock, valued at approximately $1,119,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its holdings in BrightSpring Health Services by 179.3% during the second quarter. Allworth Financial LP now owns 405 shares of the company’s stock valued at $28,000 after purchasing an additional 260 shares in the last quarter. State of Wyoming grew its position in shares of BrightSpring Health Services by 4.5% in the first quarter. State of Wyoming now owns 7,776 shares of the company’s stock valued at $331,000 after purchasing an additional 336 shares during the period. IFP Advisors Inc grew its position in shares of BrightSpring Health Services by 204.5% in the second quarter. IFP Advisors Inc now owns 606 shares of the company’s stock valued at $42,000 after purchasing an additional 407 shares during the period. Arizona State Retirement System increased its stake in shares of BrightSpring Health Services by 1.1% during the second quarter. Arizona State Retirement System now owns 39,976 shares of the company’s stock worth $2,788,000 after purchasing an additional 423 shares in the last quarter. Finally, Moran Wealth Management LLC increased its stake in shares of BrightSpring Health Services by 9.0% during the first quarter. Moran Wealth Management LLC now owns 6,925 shares of the company’s stock worth $295,000 after purchasing an additional 572 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BTSG. Morgan Stanley upped their price target on shares of BrightSpring Health Services from $71.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Bank of America lifted their price objective on BrightSpring Health Services from $66.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Raymond James Financial initiated coverage on BrightSpring Health Services in a research note on Thursday, July 9th. They set an “outperform” rating and a $80.00 price objective for the company. Wells Fargo & Company increased their target price on BrightSpring Health Services from $61.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of BrightSpring Health Services in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $70.71.

BrightSpring Health Services Price Performance

Shares of BrightSpring Health Services stock traded up $0.70 during trading hours on Wednesday, reaching $63.35. 1,381,657 shares of the company’s stock were exchanged, compared to its average volume of 2,888,013. BrightSpring Health Services, Inc. has a 1 year low of $29.01 and a 1 year high of $73.75. The company has a market capitalization of $12.53 billion, a P/E ratio of 38.16, a price-to-earnings-growth ratio of 0.82 and a beta of 1.87. The business has a fifty day moving average of $59.72 and a two-hundred day moving average of $59.11. The company has a quick ratio of 1.22, a current ratio of 1.59 and a debt-to-equity ratio of 1.06.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Friday, July 31st. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.66 billion. BrightSpring Health Services had a net margin of 2.55% and a return on equity of 16.73%. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 earnings per share. As a group, research analysts predict that BrightSpring Health Services, Inc. will post 1.64 earnings per share for the current fiscal year.

About BrightSpring Health Services

BrightSpring Health Services, Inc is a U.S. provider of pharmacy and health services focused on individuals with complex or chronic medical needs. The company delivers care across home and community-based settings, serving older adults, people with disabilities, and patients requiring specialized support.

Its services include pharmacy care through PharMerica, home health and hospice, primary and urgent care, behavioral health, rehabilitation, and personal care. BrightSpring also provides residential and community-based services, including assistance with daily living, clinical support, and care coordination for individuals who need ongoing support outside traditional hospital settings.

The company was formed in 2019 through the combination of PharMerica and ResCare.