TD Waterhouse Canada Inc. Acquires New Stake in BrightSpring Health Services, Inc. $BTSG

TD Waterhouse Canada Inc. bought a new position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 315,463 shares of the company’s stock, valued at approximately $22,054,000.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in shares of BrightSpring Health Services during the second quarter worth $28,000. GHP Investment Advisors Inc. bought a new position in BrightSpring Health Services in the first quarter valued at about $31,000. Kilter Group LLC bought a new position in BrightSpring Health Services in the second quarter valued at about $50,000. Public Employees Retirement System of Ohio acquired a new stake in BrightSpring Health Services in the second quarter worth about $63,000. Finally, Meeder Asset Management Inc. acquired a new stake in BrightSpring Health Services in the first quarter worth about $52,000.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BTSG. TD Cowen upped their target price on shares of BrightSpring Health Services from $65.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $70.00 price target 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. UBS Group increased their price objective on shares of BrightSpring Health Services from $63.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Finally, Morgan Stanley raised their price objective on shares of BrightSpring Health Services from $71.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $70.71.

BrightSpring Health Services Trading Down 1.1%

NASDAQ:BTSG opened at $60.73 on Friday. 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, Inc. has a 1-year low of $23.69 and a 1-year high of $73.75. The firm has a market capitalization of $12.02 billion, a price-to-earnings ratio of 36.58, a PEG ratio of 0.72 and a beta of 1.84. The business’s 50-day moving average price is $65.10 and its two-hundred day moving average price is $55.54.

BrightSpring Health Services (NASDAQ:BTSG) last posted its 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. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.66 billion. BrightSpring Health Services had a return on equity of 16.73% and a net margin of 2.55%.The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 EPS. On average, equities analysts expect that BrightSpring Health Services, Inc. will post 1.82 earnings per share for the current year.

BrightSpring Health Services Company 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.