BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Update

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 8,225 shares, a drop of 56.4% from the December 31st total of 18,868 shares. Based on an average trading volume of 45,571 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 45,571 shares, the short-interest ratio is currently 0.2 days.

BrightSpring Health Services Stock Performance

Shares of BTSGU stock opened at $131.94 on Thursday. BrightSpring Health Services has a one year low of $56.77 and a one year high of $137.07. The company’s fifty day moving average price is $125.93 and its 200-day moving average price is $103.56.

BrightSpring Health Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, February 1st. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.8438 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $3.38 dividend on an annualized basis and a yield of 2.6%.

Institutional Trading of BrightSpring Health Services

Institutional investors have recently made changes to their positions in the business. Morningstar Investment Management LLC purchased a new position in BrightSpring Health Services in the 3rd quarter worth approximately $829,000. Jane Street Group LLC bought a new stake in shares of BrightSpring Health Services during the second quarter valued at approximately $870,000. JPMorgan Chase & Co. lifted its holdings in shares of BrightSpring Health Services by 69.4% in 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. Goldman Sachs Group Inc. bought a new position in shares of BrightSpring Health Services during the first quarter worth $3,575,000. Finally, Norges Bank purchased a new position in BrightSpring Health Services during the second quarter valued at $5,780,000.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BrightSpring Health Services in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, 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.