BlueCrest Capital Management Ltd Lowers Holdings in BrightSpring Health Services, Inc. $BTSGU

BlueCrest Capital Management Ltd trimmed its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 71.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,487 shares of the company’s stock after selling 168,399 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in BrightSpring Health Services were worth $6,923,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BTSGU. Wolverine Asset Management LLC raised its position in shares of BrightSpring Health Services by 27.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 554,985 shares of the company’s stock worth $56,199,000 after purchasing an additional 119,322 shares during the last quarter. Norges Bank purchased a new stake in BrightSpring Health Services during the 2nd quarter valued at about $5,780,000. Goldman Sachs Group Inc. bought a new stake in BrightSpring Health Services during the 1st quarter valued at about $3,575,000. JPMorgan Chase & Co. raised its holdings in 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 during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 worth $13,560,000 after buying an additional 16,302 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

BrightSpring Health Services Stock Down 1.1%

BrightSpring Health Services stock opened at $128.36 on Friday. BrightSpring Health Services, Inc. has a one year low of $56.77 and a one year high of $147.95. The business’s fifty day moving average is $133.31 and its 200 day moving average is $116.87.

BrightSpring Health Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, February 1st. Shareholders of record on Thursday, January 15th were paid a dividend of $0.8438 per share. The ex-dividend date was Thursday, January 15th. This represents a $3.38 annualized dividend and a yield of 2.6%.

About BrightSpring Health Services

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.