Hennessy Advisors Inc. Takes Position in BrightSpring Health Services, Inc. $BTSG

Hennessy Advisors Inc. bought a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the 2nd quarter, Holdings Channel reports. The fund bought 580,800 shares of the company’s stock, valued at approximately $13,701,000.

Several other hedge funds also recently modified their holdings of BTSG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of BrightSpring Health Services by 104.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 132,694 shares of the company’s stock valued at $2,260,000 after purchasing an additional 67,634 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of BrightSpring Health Services by 2,526.5% in the 1st quarter. GAMMA Investing LLC now owns 14,472 shares of the company’s stock valued at $262,000 after purchasing an additional 13,921 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of BrightSpring Health Services by 4.8% in the 1st quarter. Rhumbline Advisers now owns 77,100 shares of the company’s stock valued at $1,395,000 after purchasing an additional 3,517 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of BrightSpring Health Services by 12.7% in the 1st quarter. SG Americas Securities LLC now owns 41,698 shares of the company’s stock valued at $754,000 after purchasing an additional 4,698 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of BrightSpring Health Services in the 1st quarter valued at about $561,000.

BrightSpring Health Services Stock Performance

Shares of BTSG opened at $28.36 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.34 and a current ratio of 1.76. BrightSpring Health Services, Inc. has a twelve month low of $14.03 and a twelve month high of $30.35. The firm’s 50 day moving average price is $24.46 and its two-hundred day moving average price is $21.90. The firm has a market cap of $5.02 billion, a P/E ratio of 91.49, a PEG ratio of 0.48 and a beta of 2.40.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. BrightSpring Health Services had a net margin of 0.55% and a return on equity of 9.29%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The business’s revenue was up 15.3% on a year-over-year basis. BrightSpring Health Services has set its FY 2025 guidance at EPS. On average, analysts forecast that BrightSpring Health Services, Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BTSG. Cowen reaffirmed a “buy” rating on shares of BrightSpring Health Services in a research note on Monday, August 4th. TD Cowen began coverage on shares of BrightSpring Health Services in a report on Monday, June 23rd. They set a “buy” rating and a $37.00 price objective for the company. Wall Street Zen cut shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th. Bank of America boosted their price objective on shares of BrightSpring Health Services from $27.50 to $31.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of BrightSpring Health Services in a report on Saturday, September 27th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $29.13.

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.