BrightSpring Health ServicesBTSG
BTSG
About: BrightSpring Health Services Inc is a home and community-based healthcare services platform, focused on delivering complementary pharmacy and provider services to complex patients. Its platform delivers clinical services and pharmacy solutions across Medicare, Medicaid, and commercially insured populations. Its segments include Pharmacy Solutions, Provider Service. and others. It generates the majority of its revenue from the Pharmacy Solutions segment.
Employees: 35,000
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
67,590% more call options, than puts
Call options by funds: $6.77M | Put options by funds: $10K
310% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 10
67% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 5 (+2) [Q3]
54% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 28
32% more funds holding
Funds holding: 96 [Q2] → 127 (+31) [Q3]
26% more capital invested
Capital invested by funds: $2.24B [Q2] → $2.83B (+$590M) [Q3]
2.75% less ownership
Funds ownership: 114.98% [Q2] → 112.23% (-2.75%) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$18
4%
upside
Avg. target
$21
22%
upside
High target
$27
56%
upside
8 analyst ratings
8 positive
100%
0 neutral
0%
0 negative
0%
Morgan Stanley Erin Wright 48% 1-year accuracy 11 / 23 met price target | 16%upside $20 | Overweight Maintained | 17 Dec 2024 |
CJS Securities Larry Solow 0% 1-year accuracy 0 / 1 met price target | 56%upside $27 | Market Outperform Initiated | 12 Dec 2024 |
B of A Securities Joanna Gajuk 56% 1-year accuracy 5 / 9 met price target | 22%upside $21 | Buy Maintained | 11 Dec 2024 |
Wells Fargo Stephen Baxter 20% 1-year accuracy 8 / 40 met price target | 22%upside $21 | Overweight Maintained | 27 Nov 2024 |
UBS A.J. Rice 41% 1-year accuracy 7 / 17 met price target | 27%upside $22 | Buy Maintained | 4 Nov 2024 |
Financial journalist opinion
Neutral
GlobeNewsWire
1 week ago
BrightSpring Health Services, Inc. Announced Refinancing of Term Loan B
LOUISVILLE, Ky., Dec. 11, 2024 (GLOBE NEWSWIRE) -- BrightSpring Health Services, Inc. (“BrightSpring” or the “Company”) (NASDAQ: BTSG), a leading provider of home and community-based health services for complex populations, completed the successful refinancing of all of its $2.55 billion Term Loan B facility due February 2031, through its subsidiary Phoenix Guarantor Inc. BrightSpring incurred no additional indebtedness as a result of the transaction.
Neutral
GlobeNewsWire
3 weeks ago
BrightSpring Health Services Announces Onco360® Has Been Selected as a Partner for Several New Drugs
LOUISVILLE, Ky., Nov. 26, 2024 (GLOBE NEWSWIRE) -- BrightSpring Health Services (“BrightSpring” or “BrightSpring Health Services”) (NASDAQ: BTSG) is proud of its specialty pharmacy partner, Onco360®, for being selected as the national pharmacy partner for multiple medications approved to treat advanced cancers and blood disease.
Neutral
GlobeNewsWire
4 weeks ago
BrightSpring Health Services, Inc. to Participate in Two Upcoming Investor Conferences
LOUISVILLE, Ky., Nov. 21, 2024 (GLOBE NEWSWIRE) -- BrightSpring Health Services, Inc. (“BrightSpring” or the “Company”) (NASDAQ: BTSG) announced today that Company management will participate at two upcoming virtual investor conferences.
Neutral
GlobeNewsWire
1 month ago
BrightSpring Health Services Announces CareMed Was Selected as a National Specialty Pharmacy Partner for Leqembi®
LOUISVILLE, Ky., Nov. 06, 2024 (GLOBE NEWSWIRE) -- BrightSpring Health Services (“BrightSpring” or “BrightSpring Health Services”) (NASDAQ: BTSG) is proud that CareMed, a BrightSpring company and leading independent Specialty Pharmacy, was selected by Eisai to be the national specialty pharmacy provider for Leqembi®, a cutting-edge treatment for Alzheimer's disease.
Neutral
Seeking Alpha
1 month ago
BrightSpring Health Services, Inc. (BTSG) Q3 2024 Earnings Call Transcript
BrightSpring Health Services, Inc. (NASDAQ:BTSG ) Q3 2024 Earnings Conference Call November 1, 2024 8:30 AM ET Company Participants Jennifer Phipps - Chief Accounting Officer Jon Rousseau - President & Chief Executive Officer Jim Mattingly - Chief Financial Officer Conference Call Participants Brian Tanquilut - Jefferies A.J. Rice - UBS David Larsen - BTIG Joanna Gajuk - Bank of America Ann Hynes - Mizuho Securities Whit Mayo - Leerink Linda Bolduc - Morgan Stanley Jamie Perse - Goldman Sachs Pito Chickering - Deutsche Bank Matthew Gillmor - KeyBanc Capital Markets Operator Good day and thank you for standing by.
Neutral
GlobeNewsWire
1 month ago
BrightSpring Health Services, Inc. Reports Third Quarter 2024 Financial Results and Increases Full Year 2024 Guidance
LOUISVILLE, Ky., Nov. 01, 2024 (GLOBE NEWSWIRE) -- BrightSpring Health Services, Inc. (“BrightSpring” or the “Company”) (NASDAQ: BTSG), a leading provider of home and community-based health services for complex populations, today announced financial results for the third quarter ended September 30, 2024, and increases 2024 revenue and Adjusted EBITDA1 guidance.
Neutral
Seeking Alpha
2 months ago
Global IPO Activity Picking Up But Continues To Lag Other Post-COVID Years
Global IPO activity is recovering but remains below recent years, with 326 IPOs in Q3 2024 totaling $23.32 billion, the lowest since Q1 2019. US IPO activity has increased steadily, with 36 IPOs in Q3 2024, and $26.28 billion raised in the first three quarters, nearly double 2023. European IPO activity slowed in Q3 2024, with 30 transactions and $770 million offered, but $17.46 billion raised through Q3 2024, up from $13.50 billion in 2023.
Positive
GuruFocus
2 months ago
FMR LLC's Strategic Acquisition in BrightSpring Health Services Inc
On September 30, 2024, FMR LLC (Trades, Portfolio) made a significant addition to its investment portfolio by acquiring 18,498,153 shares of BrightSpring Health Services Inc (BTSG, Financial). This transaction, executed at a price of $14.68 per share, reflects a strategic move by the firm, aligning with its broader investment objectives.
Neutral
GlobeNewsWire
2 months ago
BrightSpring Health Services, Inc. to Announce Third Quarter 2024 Financial Results on November 1, 2024
LOUISVILLE, Ky., Oct. 01, 2024 (GLOBE NEWSWIRE) -- BrightSpring Health Services, Inc. (“BrightSpring” or the “Company”) (NASDAQ: BTSG) announced today that it plans to release its third quarter 2024 financial results on Friday, November 1, 2024, prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day.
Neutral
GlobeNewsWire
2 months ago
BrightSpring Health Services, Inc. Welcomes Dr. Steve Miller to Board of Directors
LOUISVILLE, Ky., Sept. 30, 2024 (GLOBE NEWSWIRE) -- BrightSpring Health Services (“BrightSpring” or “the Company”) (NASDAQ: BTSG), a leading provider of home- and community-based health services for complex populations, today announced that Dr. Steve Miller was appointed as a Class II member of the Board of Directors. Dr. Miller will also serve as a member of the Board's Audit Committee and as the chair of the Board's Quality & Compliance and Governance Committee.
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