SMART Wealth LLC Has $1.65 Million Position in BrightSpring Health Services, Inc. $BTSG

SMART Wealth LLC lifted its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 191.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,639 shares of the company’s stock after acquiring an additional 15,518 shares during the quarter. SMART Wealth LLC’s holdings in BrightSpring Health Services were worth $1,649,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP acquired a new stake in BrightSpring Health Services during the second quarter valued at $28,000. GHP Investment Advisors Inc. acquired a new position in BrightSpring Health Services in the 1st quarter worth about $31,000. Kilter Group LLC purchased a new stake in shares of BrightSpring Health Services during the 2nd quarter worth about $50,000. Public Employees Retirement System of Ohio acquired a new stake in shares of BrightSpring Health Services during the 2nd quarter valued at about $63,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of BrightSpring Health Services during the 1st quarter valued at about $52,000.

BrightSpring Health Services Stock Performance

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 price-to-earnings-growth ratio of 0.72 and a beta of 1.84. The stock has a 50-day moving average of $65.10 and a 200-day moving average of $55.54. BrightSpring Health Services, Inc. has a 52-week low of $23.69 and a 52-week high of $73.75.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. BrightSpring Health Services had a return on equity of 16.73% and a net margin of 2.55%.The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same period last year, the business earned $0.22 EPS. The firm’s revenue was up 23.0% compared to the same quarter last year. As a group, equities research analysts forecast that BrightSpring Health Services, Inc. will post 1.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on BTSG shares. Guggenheim assumed coverage on BrightSpring Health Services in a report on Monday, July 13th. They issued a “buy” rating and a $81.00 price objective on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of BrightSpring Health Services in a research note on Friday, July 31st. Raymond James Financial initiated coverage on shares of BrightSpring Health Services in a research report on Thursday, July 9th. They issued an “outperform” rating and a $80.00 target price for the company. BTIG Research restated a “buy” rating and set a $90.00 price target on shares of BrightSpring Health Services in a research note on Thursday, August 13th. Finally, Zacks Research upgraded shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating and eighteen have issued a Buy rating to the company. According to MarketBeat.com, BrightSpring Health Services presently has a consensus rating of “Buy” and a consensus price target of $70.71.

About BrightSpring Health Services

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.