BrightSpring Health Services, Inc. $BTSG Holdings Trimmed by Segall Bryant & Hamill LLC

Key Points

• Segall Bryant & Hamill cut its BrightSpring stake by 52.4% in the first quarter, selling 63,522 shares and retaining 57,752 shares worth about $2.46 million. Other institutions, including Bank of America and Janus Henderson, increased their positions.
• Analyst sentiment remains positive, with an overall “Buy” consensus and an average price target of $70.71. UBS and Morgan Stanley recently raised their targets, while Raymond James initiated coverage with an “Outperform” rating.
• BrightSpring reported quarterly EPS of $0.45 versus the $0.40 estimate and revenue of $3.87 billion versus $3.66 billion expected, with revenue up 23% year over year. However, insiders sold shares and the stock faces valuation and integration risks after trading near its 52-week high.

Segall Bryant & Hamill LLC reduced its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 52.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,752 shares of the company's stock after selling 63,522 shares during the quarter. Segall Bryant & Hamill LLC's holdings in BrightSpring Health Services were worth $2,461,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Arete Wealth Advisors LLC acquired a new stake in shares of BrightSpring Health Services in the first quarter worth $2,486,000. Bank of America Corp DE raised its position in BrightSpring Health Services by 48.7% during the first quarter. Bank of America Corp DE now owns 1,534,154 shares of the company's stock valued at $65,370,000 after buying an additional 502,786 shares during the period. Janus Henderson Group PLC raised its position in BrightSpring Health Services by 452.3% during the first quarter. Janus Henderson Group PLC now owns 228,941 shares of the company's stock valued at $9,756,000 after buying an additional 187,485 shares during the period. Smith Group Asset Management LLC lifted its stake in BrightSpring Health Services by 1.8% in the 1st quarter. Smith Group Asset Management LLC now owns 53,170 shares of the company's stock worth $2,266,000 after acquiring an additional 927 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in BrightSpring Health Services by 23.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,718 shares of the company's stock worth $201,000 after acquiring an additional 892 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have commented on BTSG. UBS Group raised their price objective on BrightSpring Health Services from $63.00 to $85.00 and gave the stock a "buy" rating in a research report on Wednesday, July 8th. KeyCorp reiterated an "overweight" rating on shares of BrightSpring Health Services in a report on Monday. Morgan Stanley increased their price target on shares of BrightSpring Health Services from $71.00 to $80.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. Raymond James Financial assumed coverage on shares of BrightSpring Health Services in a research report on Thursday, July 9th. They set an "outperform" rating and a $80.00 price objective on the stock. Finally, Wall Street Zen lowered shares of BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $70.71.

Insider Activity

In related news, insider Jon B. Rousseau sold 130,000 shares of the business's stock in a transaction that occurred on Friday, June 5th. The stock was 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 directly owned 1,194,503 shares in the company, valued at approximately $70,177,051.25. The trade was a 9.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lisa A. Nalley sold 35,000 shares of the company's stock in a transaction that occurred 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 sale, 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 position. The SEC filing for this sale provides additional information. Corporate insiders own 2.80% of the company's stock.

BrightSpring Health Services Stock Up 3.7%

BrightSpring Health Services stock opened at $62.69 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 1.22 and a debt-to-equity ratio of 1.06. BrightSpring Health Services, Inc. has a 1-year low of $19.19 and a 1-year high of $73.75. The firm's fifty day simple moving average is $66.46 and its 200-day simple moving average is $52.27. The company has a market capitalization of $12.40 billion, a P/E ratio of 37.77, a P/E/G ratio of 0.74 and a beta of 1.88.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.05. The firm had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.66 billion. BrightSpring Health Services had a net margin of 2.55% and a return on equity of 16.73%. BrightSpring Health Services's revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. Sell-side analysts forecast that BrightSpring Health Services, Inc. will post 1.77 earnings per share for the current fiscal year.

Key Headlines Impacting BrightSpring Health Services

Here are the key news stories impacting BrightSpring Health Services this week:

• Positive Sentiment: BrightSpring beat second-quarter expectations, reporting adjusted earnings of $0.45 per share versus the $0.40 consensus estimate and revenue of $3.87 billion versus $3.66 billion expected. Revenue increased 23% year over year, while EPS more than doubled from the prior-year quarter. BrightSpring Q2 Earnings Beat on Specialty Growth, 2026 View Raised
• Positive Sentiment: The company raised its 2026 outlook, citing broad-based growth in specialty pharmacy, infusion and home-health operations. Management also highlighted improving margins and EBITDA, strengthening the case for continued earnings growth. BTSG Raises 2026 Guidance as Specialty and Home Health Drive Growth
• Positive Sentiment: The earnings call reinforced the growth narrative, with pharmacy and provider services supporting stronger profitability and earnings momentum. BrightSpring Health Services Signals Strong Earnings Momentum
• Positive Sentiment: BTIG reaffirmed its Buy rating and maintained a $90 price target, implying substantial upside from the recent trading level and signaling continued analyst confidence in BrightSpring’s execution. BTIG Reaffirms Buy Rating and $90 Price Target
• Neutral Sentiment: Despite the improved outlook, analysts note that BTSG trades at a premium valuation. Strong growth and margin gains may already be reflected in the stock price, leaving less room for execution disappointments. Is BTSG a Buy as Rapid Growth Collides With Its Premium Valuation?
• Negative Sentiment: The shares had recently fallen 18.1% over one week, reflecting investor concerns about valuation, healthcare-policy exposure and integration risks, even as fundamentals and guidance improved. BTSG Drops 18.1% in One Week as Growth Meets Fresh Valuation Risks

About BrightSpring Health Services

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.

Want to see what other hedge funds are holding BTSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source