BrightSpring Health Services, Inc. $BTSG Shares Newly Bought by Bridge City Capital LLC

Key Points

• Bridge City Capital purchased 71,481 BrightSpring Health Services shares in the third quarter, valued at approximately $4.1 million. Several other institutional investors also initiated or increased their positions.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $72.88; individual targets range as high as $90.
• BrightSpring reported stronger-than-expected quarterly results, including $0.54 EPS and $4.21 billion in revenue, up 26.4% year over year. Management also raised its full-year 2026 revenue and adjusted EBITDA guidance.

Bridge City Capital LLC purchased a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 71,481 shares of the company's stock, valued at approximately $4,057,000.

Other hedge funds have also bought and sold shares of the company. TD Waterhouse Canada Inc. acquired a new position in shares of BrightSpring Health Services in the 2nd quarter valued at $22,054,000. Bank of America Corp DE raised its stake in shares of 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 purchasing an additional 502,786 shares in the last quarter. Ausbil Investment Management Ltd acquired a new position in shares of BrightSpring Health Services during the second quarter valued at $2,005,000. Bellars Harris Wealth Management LLC acquired a new position in BrightSpring Health Services in the 2nd quarter valued at approximately $4,394,000. Finally, Tidal Investments LLC grew its stake in shares of BrightSpring Health Services by 186.2% in the second quarter. Tidal Investments LLC now owns 68,900 shares of the company's stock worth $4,805,000 after acquiring an additional 44,828 shares during the last quarter.

Wall Street Analysts Forecast Growth

BTSG has been the subject of a number of research analyst reports. UBS Group upped their target price on shares of BrightSpring Health Services from $63.00 to $85.00 and gave the stock a "buy" rating in a research note on Wednesday, July 8th. Wall Street Zen raised BrightSpring Health Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Morgan Stanley boosted their price target on shares of BrightSpring Health Services from $71.00 to $80.00 and gave the company an "overweight" rating in a research report on Tuesday, July 14th. Wells Fargo & Company raised their price target on BrightSpring Health Services from $61.00 to $78.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Finally, BTIG Research reaffirmed a "buy" rating and set a $90.00 price target on shares of BrightSpring Health Services in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $72.88.

BrightSpring Health Services Price Performance

NASDAQ BTSG opened at $66.89 on Monday. The stock has a market cap of $13.23 billion, a PE ratio of 36.16, a P/E/G ratio of 0.87 and a beta of 1.77. The business has a 50 day moving average price of $59.94 and a two-hundred day moving average price of $54.54. BrightSpring Health Services, Inc. has a fifty-two week low of $30.64 and a fifty-two week high of $73.75. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.99.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.07. The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $3.88 billion. BrightSpring Health Services had a net margin of 2.69% and a return on equity of 18.56%. The business's revenue for the quarter was up 26.4% on a year-over-year basis. As a group, sell-side analysts predict that BrightSpring Health Services, Inc. will post 1.64 EPS for the current fiscal year.

Key BrightSpring Health Services News

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

• Positive Sentiment: Third-quarter earnings exceeded expectations. BrightSpring reported adjusted earnings of $0.54 per share, up from $0.30 a year earlier and above analyst estimates ranging from $0.47 to $0.49. This marked another quarterly earnings beat for the company. BrightSpring Q3 earnings and revenue results
• Positive Sentiment: Revenue growth was substantially stronger than forecast. Quarterly revenue rose 26.4% year over year to $4.21 billion, surpassing the $3.88 billion consensus estimate. The revenue performance indicates continued expansion across BrightSpring’s healthcare services platform. BrightSpring Q3 revenue report
• Positive Sentiment: Management increased full-year 2026 guidance. BrightSpring raised its revenue and adjusted EBITDA outlook, reinforcing investor confidence that operating momentum and profitability will remain strong. BrightSpring reports Q3 results and raises guidance
• Positive Sentiment: Profitability improved. BrightSpring posted a 16.73% return on equity and a 2.55% net margin, while the earnings beat and stronger revenue helped support the positive market reaction. BrightSpring bottom-line results

BrightSpring Health Services Profile

BrightSpring Health Services NASDAQ: BTSG is a Louisville, Kentucky-based provider of home- and community-based health services and pharmacy services. The company focuses on supporting individuals with complex or chronic care needs, including older adults and people with disabilities, through care delivered in homes, communities and other non-hospital settings.

Its services include home health, hospice, personal care, behavioral health, primary care, rehabilitation and community living programs.

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