BrightSpring Health Services (BTSGU) Projected to Release Quarterly Earnings on Friday

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

BrightSpring Health Services Price Performance

BrightSpring Health Services stock opened at $230.25 on Friday. BrightSpring Health Services has a 1-year low of $68.14 and a 1-year high of $255.51. The company’s 50-day moving average is $214.41 and its 200 day moving average is $168.35.

BrightSpring Health Services Cuts Dividend

The firm also recently disclosed 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 is Wednesday, July 15th. This represents a $3.37 dividend on an annualized basis and a yield of 1.5%.

Hedge Funds Weigh In On BrightSpring Health Services

Institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new position in shares of BrightSpring Health Services during the first quarter valued at about $3,575,000. JPMorgan Chase & Co. raised its position in shares of BrightSpring Health Services by 69.4% in 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in BrightSpring Health Services by 11.0% in 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. Jane Street Group LLC acquired a new stake in BrightSpring Health Services in the 2nd quarter worth approximately $870,000. Finally, Morningstar Investment Management LLC acquired a new stake in BrightSpring Health Services in the 3rd quarter worth approximately $829,000.

Analyst Upgrades and Downgrades

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