BrightSpring Health Services (BTSGU) Expected to Announce Quarterly Earnings on Friday

BrightSpring Health Services (NASDAQ:BTSGU) is expected to be issuing its results before the market opens on Friday, February 27th. Analysts expect the company to announce earnings of $0.3463 per share and revenue of $3.3822 billion for the quarter.

BrightSpring Health Services Stock Performance

Shares of BrightSpring Health Services stock opened at $136.22 on Thursday. The business has a fifty day simple moving average of $131.00 and a 200-day simple moving average of $112.11. BrightSpring Health Services has a fifty-two week low of $56.77 and a fifty-two week high of $137.07.

BrightSpring Health Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, February 1st. Stockholders of record on Thursday, January 15th were paid a $0.8438 dividend. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $3.38 annualized dividend and a dividend yield of 2.5%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of BrightSpring Health Services in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, BrightSpring Health Services currently has a consensus rating of “Hold”.

Institutional Trading of BrightSpring Health Services

Several institutional investors and hedge funds have recently bought and sold shares of BTSGU. Virtus Advisers LLC purchased a new stake in BrightSpring Health Services during the fourth quarter valued at about $25,000. Jane Street Group LLC lifted its position in shares of BrightSpring Health Services by 88.4% in the 4th quarter. Jane Street Group LLC now owns 4,946 shares of the company’s stock valued at $624,000 after acquiring an additional 2,321 shares in the last quarter. Morningstar Investment Management LLC acquired a new position in BrightSpring Health Services in the 3rd quarter worth approximately $829,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in BrightSpring Health Services by 11.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 164,260 shares of the company’s stock worth $13,560,000 after purchasing an additional 16,302 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in BrightSpring Health Services by 69.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock valued at $3,627,000 after purchasing an additional 17,994 shares during the period.

About BrightSpring Health Services

BrightSpring Health Services is a leading provider of home and community-based health and support services in the United States. The company specializes in delivering a continuum of care that spans behavioral health, intellectual and developmental disability support, home health care, and respite services. By integrating clinical and non-clinical offerings, BrightSpring seeks to improve patient outcomes, enhance quality of life, and support family caregivers.

Through its behavioral health division, BrightSpring offers individualized therapy, counseling, and crisis intervention for children, adolescents, and adults experiencing mental health challenges.