144,400 Shares in BrightSpring Health Services, Inc. $BTSG Bought by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 144,400 shares of the company’s stock, valued at approximately $10,070,000. WINTON GROUP Ltd owned approximately 0.07% of BrightSpring Health Services at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BTSG. Bank of America Corp DE raised its position in BrightSpring Health Services by 48.7% in the 1st quarter. Bank of America Corp DE now owns 1,534,154 shares of the company’s stock valued at $65,370,000 after buying an additional 502,786 shares during the last quarter. Ausbil Investment Management Ltd acquired a new position in BrightSpring Health Services during the 2nd quarter worth approximately $2,005,000. Bellars Harris Wealth Management LLC bought a new position in shares of BrightSpring Health Services during the 2nd quarter worth approximately $4,394,000. Wealthstar Advisors LLC bought a new position in shares of BrightSpring Health Services during the 1st quarter worth approximately $1,525,000. Finally, Westover Capital Advisors LLC bought a new position in shares of BrightSpring Health Services during the 4th quarter worth approximately $697,000.

BrightSpring Health Services Price Performance

NASDAQ:BTSG opened at $61.99 on Thursday. The stock has a market capitalization of $12.27 billion, a PE ratio of 37.34, a P/E/G ratio of 0.73 and a beta of 1.84. BrightSpring Health Services, Inc. has a 1-year low of $25.92 and a 1-year high of $73.75. The firm has a fifty day simple moving average of $64.64 and a 200 day simple moving average of $56.11. 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 results on Friday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period in the prior year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. On average, research analysts expect that BrightSpring Health Services, Inc. will post 1.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BTSG. KeyCorp reissued an “overweight” rating on shares of BrightSpring Health Services in a research report on Monday, August 3rd. BMO Capital Markets set a $70.00 price target on shares of BrightSpring Health Services in a research note on Thursday, May 21st. Wall Street Zen cut shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 23rd. UBS Group increased their price objective on shares of BrightSpring Health Services from $63.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of BrightSpring Health Services in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating and eighteen have issued a Buy rating to the stock. According to data from MarketBeat.com, BrightSpring Health Services has an average rating of “Buy” and a consensus price target of $70.71.

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.