Moody Aldrich Partners LLC Acquires New Shares in BrightSpring Health Services, Inc. $BTSG

Key Points

• Moody Aldrich Partners initiated a 107,757-share BrightSpring Health Services position worth approximately $6.1 million, representing about 0.05% of the company and 1.2% of the fund’s holdings.
• BrightSpring reported strong quarterly results, with revenue rising 23% year over year to $3.87 billion and EPS of $0.45, exceeding analysts’ $0.40 estimate.
• Analysts maintain a favorable outlook, with the stock receiving a consensus “Moderate Buy” rating and an average price target of $72.88, compared with its reported share price of $59.46.

Moody Aldrich Partners LLC bought a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 107,757 shares of the company's stock, valued at approximately $6,115,000. BrightSpring Health Services makes up about 1.2% of Moody Aldrich Partners LLC's holdings, making the stock its 20th biggest holding. Moody Aldrich Partners LLC owned approximately 0.05% of BrightSpring Health Services at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BTSG. The Manufacturers Life Insurance Company bought a new position in shares of BrightSpring Health Services during the second quarter worth $239,377,000. Bank of America Corp DE purchased a new position in BrightSpring Health Services during the second quarter valued at $127,475,000. Bank of New York Mellon Corp bought a new stake in BrightSpring Health Services in the 2nd quarter valued at $118,162,000. Arrowstreet Capital Limited Partnership increased its holdings in BrightSpring Health Services by 109.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,370,440 shares of the company's stock valued at $58,394,000 after acquiring an additional 716,949 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in BrightSpring Health Services by 236.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 860,134 shares of the company's stock valued at $36,151,000 after acquiring an additional 604,232 shares during the last quarter.

BrightSpring Health Services Stock Performance

BrightSpring Health Services stock opened at $59.46 on Thursday. The company's 50-day moving average price is $59.77 and its 200-day moving average price is $54.29. BrightSpring Health Services, Inc. has a twelve month low of $30.64 and a twelve 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 company has a market cap of $11.76 billion, a PE ratio of 35.82, a price-to-earnings-growth ratio of 0.78 and a beta of 1.87.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.45 EPS for the quarter, beating 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 firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the firm earned $0.22 EPS. The firm's revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities research analysts forecast that BrightSpring Health Services, Inc. will post 1.64 EPS for the current fiscal year.

Analysts Set New Price Targets

BTSG has been the topic of several research analyst reports. KeyCorp reiterated an "overweight" rating on shares of BrightSpring Health Services in a research note on Monday, August 3rd. Bank of America raised their price objective on BrightSpring Health Services from $66.00 to $77.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. Weiss Ratings cut BrightSpring Health Services from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, October 15th. Guggenheim initiated coverage on BrightSpring Health Services in a report on Monday, July 13th. They issued a "buy" rating and a $81.00 target price on the stock. Finally, Morgan Stanley boosted their target price on BrightSpring Health Services from $71.00 to $80.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. One research 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 stock. Based on data from MarketBeat.com, BrightSpring Health Services has a consensus rating of "Moderate Buy" and an average price target of $72.88.

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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