D. E. Shaw & Co. Inc. Acquires 575,000 Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSGU)

D. E. Shaw & Co. Inc. boosted its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 149.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 960,000 shares of the company’s stock after purchasing an additional 575,000 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in BrightSpring Health Services were worth $60,509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Highbridge Capital Management LLC lifted its position in shares of BrightSpring Health Services by 0.3% during the fourth quarter. Highbridge Capital Management LLC now owns 534,277 shares of the company’s stock valued at $33,446,000 after purchasing an additional 1,770 shares in the last quarter. Invesco Ltd. bought a new position in shares of BrightSpring Health Services during the 4th quarter worth approximately $1,127,000. JPMorgan Chase & Co. boosted its stake in shares of BrightSpring Health Services by 314.3% in the 4th quarter. JPMorgan Chase & Co. now owns 29,437 shares of the company’s stock worth $1,843,000 after buying an additional 22,331 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of BrightSpring Health Services by 10.0% in the fourth quarter. Voya Investment Management LLC now owns 275,000 shares of the company’s stock valued at $17,215,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its position in shares of BrightSpring Health Services by 13.8% during the fourth quarter. Wolverine Asset Management LLC now owns 208,978 shares of the company’s stock valued at $13,082,000 after acquiring an additional 25,368 shares during the last quarter.

BrightSpring Health Services Price Performance

BTSGU stock opened at $80.18 on Friday. BrightSpring Health Services, Inc. has a 1-year low of $42.59 and a 1-year high of $89.00. The stock’s fifty day simple moving average is $65.03 and its two-hundred day simple moving average is $67.78.

BrightSpring Health Services Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were given a dividend of $0.8437 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $3.37 annualized dividend and a yield of 4.21%.

About BrightSpring Health Services

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.