TD Asset Management Inc Has $9.48 Million Stake in BrightSpring Health Services, Inc. $BTSG

Key Points

• TD Asset Management Inc reduced its stake in BrightSpring Health Services by 6.5%, owning 401,680 shares worth approximately $9.48 million after the sale.
• Analysts have varying views on the stock, with Mizuho raising their price target to $32.00, while the overall consensus rating is a Moderate Buy with an average price target of $32.13.
• BrightSpring Health Services reported strong quarterly earnings, with EPS of $0.22 exceeding estimates and a revenue increase of 15.3% year-over-year.

TD Asset Management Inc trimmed its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 6.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,680 shares of the company's stock after selling 27,774 shares during the quarter. TD Asset Management Inc owned 0.23% of BrightSpring Health Services worth $9,476,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. IFP Advisors Inc raised its stake in shares of BrightSpring Health Services by 273,666.7% in the first quarter. IFP Advisors Inc now owns 8,213 shares of the company's stock valued at $149,000 after purchasing an additional 8,210 shares in the last quarter. Highland Capital Management LLC bought a new stake in BrightSpring Health Services in the first quarter valued at $181,000. Strs Ohio bought a new stake in BrightSpring Health Services in the first quarter valued at $226,000. GAMMA Investing LLC grew its position in BrightSpring Health Services by 2,526.5% in the first quarter. GAMMA Investing LLC now owns 14,472 shares of the company's stock valued at $262,000 after acquiring an additional 13,921 shares during the period. Finally, KLP Kapitalforvaltning AS grew its position in BrightSpring Health Services by 19.8% in the second quarter. KLP Kapitalforvaltning AS now owns 14,500 shares of the company's stock valued at $342,000 after acquiring an additional 2,400 shares during the period.

Analysts Set New Price Targets

BTSG has been the topic of a number of analyst reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of BrightSpring Health Services in a research report on Wednesday, October 8th. Mizuho upped their price target on BrightSpring Health Services from $26.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday. Cowen reiterated a "buy" rating on shares of BrightSpring Health Services in a research report on Monday, August 4th. Wall Street Zen cut BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Wells Fargo & Company upped their price target on BrightSpring Health Services from $27.00 to $33.00 and gave the company an "overweight" rating in a research report on Tuesday, October 7th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, BrightSpring Health Services presently has a consensus rating of "Moderate Buy" and an average price target of $32.13.

BrightSpring Health Services Price Performance

Shares of BTSG stock opened at $29.73 on Monday. The stock's fifty day moving average is $26.25 and its 200-day moving average is $22.72. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.34 and a current ratio of 1.76. The stock has a market capitalization of $5.27 billion, a PE ratio of 95.91, a PEG ratio of 0.49 and a beta of 2.40. BrightSpring Health Services, Inc. has a 52 week low of $14.73 and a 52 week high of $31.95.

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

About BrightSpring Health Services

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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