BrightSpring Health Services (BTSGU) Expected to Release Earnings on Friday

BrightSpring Health Services (NASDAQ:BTSGU) will likely be posting its resultson Friday, July 31st. Analysts expect the company to announce earnings of $0.3963 per share and revenue of $3.6606 billion for the quarter.

BrightSpring Health Services Stock Up 0.5%

Shares of BrightSpring Health Services stock opened at $230.25 on Friday. BrightSpring Health Services has a 52-week low of $68.14 and a 52-week high of $255.51. The company has a 50-day simple moving average of $214.41 and a two-hundred day simple moving average of $168.35.

BrightSpring Health Services Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, August 1st. Investors of record on Wednesday, July 15th will be given a dividend of $0.8437 per share. This represents a $3.37 annualized dividend and a yield of 1.5%. The ex-dividend date is Wednesday, July 15th.

Institutional Investors Weigh In On BrightSpring Health Services

Several institutional investors have recently modified their holdings of BTSGU. Virtus Advisers LLC purchased a new position in shares of BrightSpring Health Services in the 4th quarter worth approximately $25,000. Jane Street Group LLC raised its holdings in BrightSpring Health Services by 88.4% during the 4th quarter. Jane Street Group LLC now owns 4,946 shares of the company’s stock valued at $624,000 after buying an additional 2,321 shares during the period. Morningstar Investment Management LLC bought a new stake in BrightSpring Health Services in the third quarter worth $829,000. Goldman Sachs Group Inc. bought a new stake in BrightSpring Health Services in the first quarter worth $3,575,000. Finally, JPMorgan Chase & Co. boosted its stake in BrightSpring Health Services by 69.4% during the second quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock worth $3,627,000 after buying an additional 17,994 shares during the period.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BrightSpring Health Services in a research note on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

BrightSpring Health Services Company Profile

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.