UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 25,519 Shares of BrightSpring Health Services, Inc. $BTSG

Key Points

• UBS Asset Management increased its BrightSpring Health Services stake by 9.4% in the second quarter, adding 25,519 shares to own 296,020 shares, or 0.15% of the company, valued at approximately $20.6 million.
• BrightSpring reported quarterly EPS of $0.45, exceeding estimates by $0.05, while revenue reached $3.87 billion—23% higher year over year and above consensus expectations.
• Shares recently traded at $60.73, down 1.1%, while analysts maintained a favorable outlook: the stock carries a consensus “Buy” rating and a $70.71 average price target.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 9.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 296,020 shares of the company's stock after purchasing an additional 25,519 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of BrightSpring Health Services worth $20,644,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP bought a new stake in shares of BrightSpring Health Services in the 2nd quarter valued at $28,000. GHP Investment Advisors Inc. bought a new position in BrightSpring Health Services during the first quarter worth about $31,000. EverSource Wealth Advisors LLC bought a new position in BrightSpring Health Services during the second quarter worth about $43,000. Kilter Group LLC acquired a new position in BrightSpring Health Services in the second quarter valued at about $50,000. Finally, Meeder Asset Management Inc. acquired a new position in BrightSpring Health Services in the first quarter valued at about $52,000.

BrightSpring Health Services Stock Down 1.1%

NASDAQ:BTSG opened at $60.73 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.22 and a current ratio of 1.59. The company has a market cap of $12.02 billion, a PE ratio of 36.58, a PEG ratio of 0.72 and a beta of 1.84. BrightSpring Health Services, Inc. has a 52-week low of $23.69 and a 52-week high of $73.75. The stock has a 50-day simple moving average of $65.10 and a 200 day simple moving average of $55.54.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported $0.45 earnings per share 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 the consensus estimate of $3.66 billion. BrightSpring Health Services had a return on equity of 16.73% and a net margin of 2.55%.The business's revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 EPS. On average, sell-side analysts expect that BrightSpring Health Services, Inc. will post 1.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BTSG. Zacks Research raised BrightSpring Health Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. BMO Capital Markets set a $70.00 target price on BrightSpring Health Services in a research note on Thursday, May 21st. Wall Street Zen downgraded shares of BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 23rd. Morgan Stanley lifted 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 note on Tuesday, July 14th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of BrightSpring Health Services in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating and eighteen have assigned a Buy rating to the stock. Based on data from MarketBeat, BrightSpring Health Services has an average rating of "Buy" and a consensus price target of $70.71.

BrightSpring Health Services Company Profile

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.

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