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

BrightSpring Health Services (NASDAQ:BTSGU) is anticipated to post 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 Performance

BrightSpring Health Services stock opened at $238.29 on Wednesday. BrightSpring Health Services has a 12 month low of $68.14 and a 12 month high of $255.51. The stock’s 50 day simple moving average is $217.35 and its two-hundred day simple moving average is $170.55.

BrightSpring Health Services Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, August 1st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.8437 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $3.37 dividend on an annualized basis and a yield of 1.4%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BTSGU. Goldman Sachs Group Inc. acquired a new stake in BrightSpring Health Services during the 1st quarter worth $3,575,000. JPMorgan Chase & Co. grew its holdings in shares of 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of BrightSpring Health Services by 11.0% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 164,260 shares of the company’s stock valued at $13,560,000 after buying an additional 16,302 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of BrightSpring Health Services in the second quarter worth about $870,000. Finally, Morningstar Investment Management LLC purchased a new position in shares of BrightSpring Health Services in the third quarter worth about $829,000.

Analyst Ratings Changes

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