SMART Wealth LLC Has $1.65 Million Holdings in BrightSpring Health Services, Inc. $BTSG

SMART Wealth LLC increased its position in BrightSpring Health Services, Inc. (NASDAQ:BTSGFree Report) by 191.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 23,639 shares of the company’s stock after buying an additional 15,518 shares during the period. SMART Wealth LLC’s holdings in BrightSpring Health Services were worth $1,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of BTSG. Allworth Financial LP acquired a new stake in shares of BrightSpring Health Services in the second quarter valued at about $28,000. GHP Investment Advisors Inc. acquired a new position in shares of BrightSpring Health Services during the 1st quarter worth about $31,000. EverSource Wealth Advisors LLC acquired a new position in shares of BrightSpring Health Services during the 2nd quarter worth about $43,000. Kilter Group LLC bought a new stake in BrightSpring Health Services during the 2nd quarter valued at approximately $50,000. Finally, Meeder Asset Management Inc. bought a new stake in BrightSpring Health Services during the 1st quarter valued at approximately $52,000.

Analyst Ratings Changes

Several research analysts have commented on BTSG shares. The Goldman Sachs Group initiated coverage on BrightSpring Health Services in a research report on Monday, June 8th. They issued a “buy” rating and a $71.00 price target on the stock. BTIG Research reissued a “buy” rating and issued a $90.00 price objective on shares of BrightSpring Health Services in a research report on Thursday, August 13th. Wells Fargo & Company raised their price objective on shares of BrightSpring Health Services from $61.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $70.00 target price on shares of BrightSpring Health Services in a research report on Monday, August 3rd. Finally, Bank of America upped their target price on shares of BrightSpring Health Services from $66.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $70.71.

Check Out Our Latest Report on BrightSpring Health Services

BrightSpring Health Services Trading Down 1.1%

Shares of BTSG opened at $60.73 on Friday. BrightSpring Health Services, Inc. has a 12-month low of $23.69 and a 12-month high of $73.75. The company has a quick ratio of 1.22, a current ratio of 1.59 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $12.02 billion, a price-to-earnings ratio of 36.58, a P/E/G ratio of 0.72 and a beta of 1.84. The stock’s 50-day moving average price is $65.10 and its 200 day moving average price is $55.54.

BrightSpring Health Services (NASDAQ:BTSGGet Free Report) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.45 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 firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter in the prior year, the firm posted $0.22 EPS. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. As a group, research analysts predict that BrightSpring Health Services, Inc. will post 1.82 earnings per share for the current 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.

See Also

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Institutional Ownership by Quarter for BrightSpring Health Services (NASDAQ:BTSG)

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