WINTON GROUP Ltd Invests $10.07 Million in BrightSpring Health Services, Inc. $BTSG

WINTON GROUP Ltd bought a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the second quarter, Holdings Channel.com reports. The fund bought 144,400 shares of the company’s stock, valued at approximately $10,070,000.

A number of other large investors have also added to or reduced their stakes in BTSG. Allworth Financial LP acquired a new stake in BrightSpring Health Services during the 2nd quarter valued at $28,000. GHP Investment Advisors Inc. bought a new position in BrightSpring Health Services during the first quarter worth $31,000. IFP Advisors Inc increased its holdings 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 last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of BrightSpring Health Services in the second quarter valued at $43,000. Finally, Kilter Group LLC bought a new position in shares of BrightSpring Health Services in the second quarter valued at about $50,000.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Guggenheim started coverage on shares of BrightSpring Health Services in a research note on Monday, July 13th. They set a “buy” rating and a $81.00 target price for the company. BTIG Research reiterated a “buy” rating and issued a $90.00 price target on shares of BrightSpring Health Services in a research note on Thursday, August 13th. Wall Street Zen cut shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $70.00 price objective on shares of BrightSpring Health Services in a research report on Monday, August 3rd. Finally, Bank of America boosted 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. Two analysts have rated the stock with a Strong Buy rating and eighteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $70.71.

BrightSpring Health Services Stock Down 0.9%

BTSG opened at $61.99 on Thursday. The stock has a fifty day moving average of $64.64 and a 200-day moving average of $56.11. The company has a market capitalization of $12.27 billion, a P/E ratio of 37.34, a P/E/G ratio of 0.73 and a beta of 1.84. BrightSpring Health Services, Inc. has a fifty-two week low of $25.92 and a fifty-two week high of $73.75. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.22 and a current ratio of 1.59.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings results on Friday, July 31st. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. BrightSpring Health Services had a net margin of 2.55% and a return on equity of 16.73%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the prior year, the company posted $0.22 earnings per share. BrightSpring Health Services’s revenue was up 23.0% compared to the same quarter last year. On average, equities analysts expect that BrightSpring Health Services, Inc. will post 1.82 EPS for the current year.

BrightSpring Health Services Profile

BrightSpring Health Services (NASDAQ: BTSG) is a leading provider of home and community-based care and workforce solutions aimed at seniors, individuals with disabilities and those facing behavioral health challenges. The company’s operations encompass a broad spectrum of services, including personal care, skilled nursing, therapy, habilitation and supported living, as well as specialized behavioral health programs delivered through both clinical and non-clinical channels.

Through its network of subsidiary brands, BrightSpring offers integrated care in the patient’s home environment, fostering independence and improving quality of life.