Chase Investment Counsel Corp Makes New Investment in BrightSpring Health Services, Inc. $BTSG

Posted by Brian Himes on Aug 17th, 2026

Chase Investment Counsel Corp bought a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 196,648 shares of the company’s stock, valued at approximately $13,714,000. BrightSpring Health Services comprises 2.9% of Chase Investment Counsel Corp’s holdings, making the stock its 8th biggest position.

Several other institutional investors also recently made changes to their positions in BTSG. Global Retirement Partners LLC purchased a new stake in shares of BrightSpring Health Services during the 2nd quarter worth $1,988,000. Bank of New York Mellon Corp purchased a new position in shares of BrightSpring Health Services in the 2nd quarter valued at about $118,162,000. Bellars Harris Wealth Management LLC acquired a new stake in shares of BrightSpring Health Services in the second quarter valued at about $4,394,000. Ausbil Investment Management Ltd acquired a new stake in shares of BrightSpring Health Services in the second quarter valued at about $2,005,000. Finally, Handelsbanken Fonder AB boosted its holdings in BrightSpring Health Services by 40.8% during the second quarter. Handelsbanken Fonder AB now owns 36,900 shares of the company’s stock worth $2,573,000 after buying an additional 10,700 shares in the last quarter.

Insider Buying and Selling at BrightSpring Health Services

In other news, insider Lisa A. Nalley sold 35,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $58.75, for a total value of $2,056,250.00. Following the completion of the transaction, the insider directly owned 131,948 shares of the company’s stock, valued at $7,751,945. The trade was a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jon B. Rousseau sold 130,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $58.75, for a total value of $7,637,500.00. Following the completion of the sale, the insider owned 1,194,503 shares in the company, valued at $70,177,051.25. This represents a 9.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Guggenheim started coverage on shares of BrightSpring Health Services in a research report on Monday, July 13th. They set a “buy” rating and a $81.00 target price on the stock. Bank of America boosted their price target on BrightSpring Health Services from $66.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Stephens upped their price target on BrightSpring Health Services from $53.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. BMO Capital Markets set a $70.00 price objective on BrightSpring Health Services in a research note on Thursday, May 21st. Finally, Zacks Research raised BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating and eighteen have issued a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $70.71.

Read Our Latest Report on BTSG

BrightSpring Health Services Price Performance

Shares of NASDAQ BTSG opened at $61.71 on Monday. The firm’s 50-day moving average is $66.64 and its two-hundred day moving average is $53.48. The company has a market capitalization of $12.21 billion, a PE ratio of 37.17, a price-to-earnings-growth ratio of 0.75 and a beta of 1.88. BrightSpring Health Services, Inc. has a 12-month low of $22.36 and a 12-month high of $73.75. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.59 and a quick ratio of 1.22.

BrightSpring Health Services (NASDAQ:BTSG – Get Free Report) last issued its quarterly earnings data 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. BrightSpring Health Services had a net margin of 2.55% and a return on equity of 16.73%. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period last year, the company posted $0.22 EPS. The company’s revenue was up 23.0% on a year-over-year basis. Equities analysts anticipate that BrightSpring Health Services, Inc. will post 1.78 EPS for the current fiscal year.

BrightSpring Health Services Company Profile

(Free Report)

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.