UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 25,519 Shares of BrightSpring Health Services, Inc. $BTSG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 9.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 296,020 shares of the company’s stock after purchasing an additional 25,519 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in BrightSpring Health Services were worth $20,644,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings 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 acquiring an additional 502,786 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of BrightSpring Health Services during the 4th quarter valued at $1,311,000. Ausbil Investment Management Ltd bought a new stake in shares of BrightSpring Health Services during the second quarter worth about $2,005,000. Wealthstar Advisors LLC bought a new position in shares of BrightSpring Health Services during the first quarter valued at $1,525,000. Finally, Bellars Harris Wealth Management LLC acquired a new position in BrightSpring Health Services during the 2nd quarter worth about $4,394,000.

Analyst Ratings Changes

A number of research firms have weighed in on BTSG. Raymond James Financial began coverage on shares of BrightSpring Health Services in a research report on Thursday, July 9th. They set an “outperform” rating and a $80.00 target price for the company. Guggenheim assumed 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 on the stock. BMO Capital Markets set a $70.00 target price on BrightSpring Health Services in a research report on Thursday, May 21st. KeyCorp reiterated an “overweight” rating on shares of BrightSpring Health Services in a research note on Monday, August 3rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of BrightSpring Health Services in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating and eighteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, BrightSpring Health Services has a consensus rating of “Buy” and a consensus target price of $70.71.

BrightSpring Health Services Trading Down 1.1%

BrightSpring Health Services stock opened at $60.73 on Friday. The stock has a market cap of $12.02 billion, a P/E ratio of 36.58, a PEG ratio of 0.72 and a beta of 1.84. BrightSpring Health Services, Inc. has a fifty-two week low of $23.69 and a fifty-two week high of $73.75. The firm’s fifty day moving average price is $65.10 and its 200-day moving average price is $55.54. 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 announced its earnings results on Friday, July 31st. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The business had revenue of $3.87 billion for 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 quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS. Equities research analysts forecast that BrightSpring Health Services, Inc. will post 1.82 earnings per share for the current fiscal 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.