CHURCHILL MANAGEMENT Corp Sells 3,182 Shares of BrightSpring Health Services, Inc. $BTSG

CHURCHILL MANAGEMENT Corp cut its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 2.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 115,065 shares of the company’s stock after selling 3,182 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in BrightSpring Health Services were worth $2,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of BTSG. Vanguard Group Inc. boosted its holdings in BrightSpring Health Services by 24.6% during the first quarter. Vanguard Group Inc. now owns 6,633,744 shares of the company’s stock valued at $120,004,000 after acquiring an additional 1,308,651 shares during the period. Invesco Ltd. lifted its position in shares of BrightSpring Health Services by 41.0% during the 1st quarter. Invesco Ltd. now owns 6,172,597 shares of the company’s stock worth $111,662,000 after purchasing an additional 1,794,035 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in BrightSpring Health Services by 264.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,772,772 shares of the company’s stock valued at $104,430,000 after purchasing an additional 4,189,805 shares during the period. Nuveen LLC acquired a new stake in BrightSpring Health Services in the 1st quarter valued at approximately $29,333,000. Finally, Adage Capital Partners GP L.L.C. increased its position in BrightSpring Health Services by 145.1% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 939,529 shares of the company’s stock worth $16,996,000 after buying an additional 556,152 shares during the period.

BrightSpring Health Services Trading Up 0.9%

Shares of BTSG stock opened at $29.84 on Thursday. The firm has a fifty day moving average of $24.14 and a 200-day moving average of $21.75. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 96.26, a P/E/G ratio of 0.49 and a beta of 2.39. BrightSpring Health Services, Inc. has a 52-week low of $14.03 and a 52-week high of $30.00. 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 (NASDAQ:BTSG) last posted its 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 business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. BrightSpring Health Services has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. TD Cowen began coverage on BrightSpring Health Services in a research report on Monday, June 23rd. They issued a “buy” rating and a $37.00 price objective for the company. Wall Street Zen downgraded shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th. Bank of America raised their price target on shares of BrightSpring Health Services from $27.50 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Cowen reaffirmed a “buy” rating on shares of BrightSpring Health Services in a research report on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of BrightSpring Health Services and gave the company a “buy” rating in a research note on Monday, September 8th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, BrightSpring Health Services has a consensus rating of “Moderate Buy” and an average price target of $28.11.

BrightSpring Health Services Company 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.