BrightSpring Health Services, Inc. $BTSG Holdings Decreased by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 74.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,546 shares of the company’s stock after selling 16,582 shares during the quarter. Sterling Capital Management LLC’s holdings in BrightSpring Health Services were worth $315,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BTSG. The Manufacturers Life Insurance Company bought a new stake in shares of BrightSpring Health Services in the 2nd quarter worth approximately $239,377,000. Bank of America Corp DE purchased a new stake in BrightSpring Health Services during the 2nd quarter valued at about $127,475,000. Bank of New York Mellon Corp bought a new position in shares of BrightSpring Health Services in the second quarter worth approximately $118,162,000. Arrowstreet Capital Limited Partnership increased its position in shares of BrightSpring Health Services by 109.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,370,440 shares of the company’s stock valued at $58,394,000 after acquiring an additional 716,949 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in BrightSpring Health Services by 236.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 860,134 shares of the company’s stock valued at $36,151,000 after purchasing an additional 604,232 shares during the last quarter.

BrightSpring Health Services Stock Performance

Shares of NASDAQ BTSG opened at $60.22 on Friday. The firm has a 50 day moving average of $59.79 and a 200 day moving average of $54.40. The firm has a market capitalization of $11.92 billion, a price-to-earnings ratio of 36.28, a price-to-earnings-growth ratio of 0.77 and a beta of 1.87. BrightSpring Health Services, Inc. has a 12-month low of $30.64 and a 12-month high of $73.75. The company has a current ratio of 1.59, a quick ratio of 1.22 and a debt-to-equity ratio of 1.06.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.66 billion. BrightSpring Health Services had a return on equity of 16.73% and a net margin of 2.55%. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 earnings per share. On average, research analysts anticipate that BrightSpring Health Services, Inc. will post 1.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen cut BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 23rd. BTIG Research restated a “buy” rating and set a $90.00 target price on shares of BrightSpring Health Services in a report on Thursday, August 13th. Raymond James Financial assumed coverage on shares of BrightSpring Health Services in a research note on Thursday, July 9th. They issued an “outperform” rating and a $80.00 price target for the company. Bank of America upped their price objective on shares of BrightSpring Health Services from $66.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, Guggenheim assumed coverage on BrightSpring Health Services in a research report on Monday, July 13th. They issued a “buy” rating and a $81.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, BrightSpring Health Services currently has an average rating of “Moderate Buy” and an average price target of $72.88.

BrightSpring Health Services Company Profile

BrightSpring Health Services (NASDAQ:BTSG) is a Louisville, Kentucky-based provider of home- and community-based health services and pharmacy services. The company focuses on supporting individuals with complex or chronic care needs, including older adults and people with disabilities, through care delivered in homes, communities and other non-hospital settings.

Its services include home health, hospice, personal care, behavioral health, primary care, rehabilitation and community living programs.