BrightSpring Health Services, Inc. $BTSG Position Reduced by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) by 8.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 177,500 shares of the company’s stock after selling 17,300 shares during the quarter. Hennessy Advisors Inc.’s holdings in BrightSpring Health Services were worth $10,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP purchased a new position in shares of BrightSpring Health Services in the second quarter worth approximately $28,000. Root Financial Partners LLC bought a new stake in BrightSpring Health Services during the third quarter valued at approximately $25,000. IFP Advisors Inc grew its position in BrightSpring Health Services by 204.5% during the second quarter. IFP Advisors Inc now owns 606 shares of the company’s stock valued at $42,000 after buying an additional 407 shares during the period. Kilter Group LLC purchased a new stake in BrightSpring Health Services during the second quarter valued at approximately $50,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of BrightSpring Health Services during the 2nd quarter worth $63,000.

BrightSpring Health Services News Roundup

Here are the key news stories impacting BrightSpring Health Services this week:

• Positive Sentiment: Third-quarter earnings exceeded expectations. BrightSpring reported adjusted earnings of $0.54 per share, up from $0.30 a year earlier and above analyst estimates ranging from $0.47 to $0.49. This marked another quarterly earnings beat for the company. BrightSpring Q3 earnings and revenue results
• Positive Sentiment: Revenue growth was substantially stronger than forecast. Quarterly revenue rose 26.4% year over year to $4.21 billion, surpassing the $3.88 billion consensus estimate. The revenue performance indicates continued expansion across BrightSpring’s healthcare services platform. BrightSpring Q3 revenue report
• Positive Sentiment: Management increased full-year 2026 guidance. BrightSpring raised its revenue and adjusted EBITDA outlook, reinforcing investor confidence that operating momentum and profitability will remain strong. BrightSpring reports Q3 results and raises guidance
• Positive Sentiment: Profitability improved. BrightSpring posted a 16.73% return on equity and a 2.55% net margin, while the earnings beat and stronger revenue helped support the positive market reaction. BrightSpring bottom-line results

Wall Street Analysts Forecast Growth

BTSG has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on BrightSpring Health Services from $61.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. BTIG Research reiterated a “buy” rating and issued a $90.00 price target on shares of BrightSpring Health Services in a research report on Thursday, August 13th. The Goldman Sachs Group reiterated a “buy” rating on shares of BrightSpring Health Services in a research report on Monday. Weiss Ratings downgraded shares of BrightSpring Health Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. Finally, UBS Group lifted their target price on shares of BrightSpring Health Services from $63.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.88.

BrightSpring Health Services Stock Performance

BTSG opened at $66.89 on Monday. The stock has a market cap of $13.23 billion, a price-to-earnings ratio of 36.16, a P/E/G ratio of 0.87 and a beta of 1.77. The stock’s 50 day moving average price is $59.94 and its 200-day moving average price is $54.54. BrightSpring Health Services, Inc. has a one year low of $30.64 and a one year high of $73.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.62.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Friday, October 30th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.07. BrightSpring Health Services had a net margin of 2.69% and a return on equity of 18.56%. The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $3.88 billion. BrightSpring Health Services’s revenue for the quarter was up 26.4% on a year-over-year basis. On average, equities analysts forecast that BrightSpring Health Services, Inc. will post 1.64 EPS for the current year.

About BrightSpring Health Services

BrightSpring Health Services (NASDAQ:BTSG) is a Louisville, Kentucky-based provider of home- and community-based health services and pharmacy services. The company focuses on supporting individuals with complex or chronic care needs, including older adults and people with disabilities, through care delivered in homes, communities and other non-hospital settings.

Its services include home health, hospice, personal care, behavioral health, primary care, rehabilitation and community living programs.