Voya Investment Management LLC Has $3.61 Million Stake in BrightSpring Health Services, Inc. $BTSG

Key Points

• Voya Investment Management LLC increased its holdings in BrightSpring Health Services by 9.0%, owning approximately 199,711 shares valued at $3.61 million after buying additional shares in the first quarter.
• BrightSpring Health Services reported a quarterly revenue of $3.15 billion and earnings per share of $0.22, surpassing analysts' expectations.
• Analysts have given BrightSpring Health Services mostly buy ratings, with price targets ranging from $27.50 to $37.00, reflecting confidence in the company's growth potential.

Voya Investment Management LLC boosted its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,711 shares of the company's stock after buying an additional 16,434 shares during the quarter. Voya Investment Management LLC owned approximately 0.11% of BrightSpring Health Services worth $3,613,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. IFP Advisors Inc grew its stake in BrightSpring Health Services by 273,666.7% during the first quarter. IFP Advisors Inc now owns 8,213 shares of the company's stock worth $149,000 after buying an additional 8,210 shares during the last quarter. Highland Capital Management LLC acquired a new position in shares of BrightSpring Health Services in the 1st quarter worth approximately $181,000. Strs Ohio bought a new position in BrightSpring Health Services in the 1st quarter valued at $226,000. ProShare Advisors LLC increased its stake in shares of BrightSpring Health Services by 48.9% in the fourth quarter. ProShare Advisors LLC now owns 15,165 shares of the company's stock valued at $258,000 after buying an additional 4,980 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of 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 buying an additional 13,921 shares in the last quarter.

BrightSpring Health Services Stock Up 1.9%

Shares of BTSG traded up $0.53 during midday trading on Tuesday, hitting $28.13. The stock had a trading volume of 189,128 shares, compared to its average volume of 2,168,751. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.76 and a quick ratio of 1.34. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 90.83, a price-to-earnings-growth ratio of 0.46 and a beta of 2.26. BrightSpring Health Services, Inc. has a twelve month low of $14.03 and a twelve month high of $28.43. The company has a 50 day simple moving average of $23.03 and a two-hundred day simple moving average of $21.27.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. The firm had revenue of $3.15 billion during 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 business's revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS. BrightSpring Health Services has set its FY 2025 guidance at EPS. On average, analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on BTSG. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of BrightSpring Health Services and gave the stock a "buy" rating in a report on Monday, September 8th. Bank of America upped their target price on shares of BrightSpring Health Services from $27.50 to $31.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Cowen restated a "buy" rating on shares of BrightSpring Health Services in a research report on Monday, August 4th. TD Cowen began coverage on BrightSpring Health Services in a research note on Monday, June 23rd. They issued a "buy" rating and a $37.00 target price for the company. Finally, Wall Street Zen cut BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, BrightSpring Health Services currently has an average rating of "Moderate Buy" and an average price target of $27.10.

BrightSpring Health Services 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.