16,582 BrightSpring Health Services, Inc. $BTSG Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 74.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BTSG. Allworth Financial LP increased its holdings in BrightSpring Health Services by 179.3% during the 2nd quarter. Allworth Financial LP now owns 405 shares of the company’s stock worth $28,000 after purchasing an additional 260 shares during the period. State of Wyoming grew its position in shares of BrightSpring Health Services by 4.5% in the 1st quarter. State of Wyoming now owns 7,776 shares of the company’s stock worth $331,000 after buying an additional 336 shares during the last quarter. IFP Advisors Inc increased its position in shares of BrightSpring Health Services by 204.5% during the second quarter. IFP Advisors Inc now owns 606 shares of the company’s stock worth $42,000 after purchasing an additional 407 shares in the last quarter. Arizona State Retirement System raised its stake in BrightSpring Health Services by 1.1% in the second quarter. Arizona State Retirement System now owns 39,976 shares of the company’s stock valued at $2,788,000 after buying an additional 423 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in BrightSpring Health Services in the 3rd quarter worth approximately $25,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BTSG shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $70.00 price objective on shares of BrightSpring Health Services in a report on Monday, August 3rd. Zacks Research downgraded shares of BrightSpring Health Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. KeyCorp reiterated an “overweight” rating on shares of BrightSpring Health Services in a research note on Monday, August 3rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of BrightSpring Health Services in a report on Friday, October 2nd. Finally, BTIG Research reissued a “buy” rating and issued a $90.00 price objective on shares of BrightSpring Health Services in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, BrightSpring Health Services presently has an average rating of “Moderate Buy” and an average target price of $72.88.

BrightSpring Health Services Stock Performance

Shares of NASDAQ:BTSG opened at $60.22 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.59 and a quick ratio of 1.22. The business’s 50 day moving average price is $59.79 and its 200-day moving average price is $54.40. The firm has a market capitalization of $11.92 billion, a PE ratio of 36.28, a P/E/G ratio of 0.77 and a beta of 1.87. BrightSpring Health Services, Inc. has a 1 year low of $30.64 and a 1 year high of $73.75.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Friday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. BrightSpring Health Services had a return on equity of 16.73% and a net margin of 2.55%. The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the prior year, the business earned $0.22 EPS. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. As a group, equities research analysts expect that BrightSpring Health Services, Inc. will post 1.64 earnings per share for the current fiscal year.

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.