Strs Ohio Acquires Shares of 12,500 BrightSpring Health Services, Inc. $BTSG

Key Points

• Strs Ohio acquired 12,500 shares of BrightSpring Health Services, valued at approximately $226,000, in the first quarter of the year.
• The company's stock has a market cap of $4.82 billion and reported a 15.3% increase in quarterly revenue year-over-year.
• Wall Street analysts collectively maintain a consensus rating of "Moderate Buy" for BrightSpring, with a target price of $27.10.

Strs Ohio acquired a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 12,500 shares of the company's stock, valued at approximately $226,000.

A number of other institutional investors also recently modified their holdings of BTSG. T. Rowe Price Investment Management Inc. increased its holdings in BrightSpring Health Services by 264.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,772,772 shares of the company's stock worth $104,430,000 after purchasing an additional 4,189,805 shares in the last quarter. Invesco Ltd. boosted its position in shares of BrightSpring Health Services by 41.0% during the 1st quarter. Invesco Ltd. now owns 6,172,597 shares of the company's stock valued at $111,662,000 after purchasing an additional 1,794,035 shares in the last quarter. Nuveen LLC bought a new stake in shares of BrightSpring Health Services during the 1st quarter valued at about $29,333,000. Vanguard Group Inc. boosted its position in shares of BrightSpring Health Services by 24.6% during the 1st quarter. Vanguard Group Inc. now owns 6,633,744 shares of the company's stock valued at $120,004,000 after purchasing an additional 1,308,651 shares in the last quarter. Finally, Iron Triangle Partners LP bought a new stake in shares of BrightSpring Health Services during the 1st quarter valued at about $13,067,000.

BrightSpring Health Services Stock Down 2.7%

BTSG opened at $27.23 on Thursday. The company has a market cap of $4.82 billion, a P/E ratio of 87.84, a P/E/G ratio of 0.47 and a beta of 2.27. The business's 50-day moving average price is $23.33 and its 200-day moving average price is $21.36. The company has a current ratio of 1.76, a quick ratio of 1.34 and a debt-to-equity ratio of 1.43. BrightSpring Health Services, Inc. has a 12 month low of $14.03 and a 12 month high of $28.43.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.99 billion. BrightSpring Health Services had a return on equity of 9.29% and a net margin of 0.55%.The company's quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 earnings per share. BrightSpring Health Services has set its FY 2025 guidance at EPS. On average, equities analysts expect that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BTSG. Deutsche Bank Aktiengesellschaft set a $30.00 price target on BrightSpring Health Services and gave the stock a "buy" rating in a research note on Monday, September 8th. Bank of America increased their price target on BrightSpring Health Services from $27.50 to $31.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Wall Street Zen lowered BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Cowen reissued a "buy" rating on shares of BrightSpring Health Services in a report on Monday, August 4th. Finally, TD Cowen started coverage on BrightSpring Health Services in a report on Monday, June 23rd. They issued a "buy" rating and a $37.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.10.

BrightSpring Health Services Company Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.

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