Skaana Management L.P. Sells 34,495 Shares of BrightSpring Health Services, Inc. $BTSGU

Skaana Management L.P. decreased its stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 76.5% in the third quarter, Holdings Channel.com reports. The fund owned 10,573 shares of the company’s stock after selling 34,495 shares during the period. Skaana Management L.P.’s holdings in BrightSpring Health Services were worth $1,069,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BTSGU. Bank of Montreal Can bought a new stake in BrightSpring Health Services in the 2nd quarter valued at $99,696,000. Wolverine Asset Management LLC boosted its holdings in shares of BrightSpring Health Services by 92.5% during the 2nd quarter. Wolverine Asset Management LLC now owns 435,663 shares of the company’s stock valued at $35,969,000 after purchasing an additional 209,297 shares during the last quarter. Norges Bank purchased a new position in shares of BrightSpring Health Services during the second quarter valued at about $5,780,000. BlueCrest Capital Management Ltd grew its position in shares of BrightSpring Health Services by 40.3% during the second quarter. BlueCrest Capital Management Ltd now owns 236,886 shares of the company’s stock valued at $19,555,000 after purchasing an additional 68,087 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in shares of BrightSpring Health Services in the first quarter worth about $3,575,000.

BrightSpring Health Services Price Performance

Shares of NASDAQ:BTSGU opened at $133.71 on Friday. The firm has a fifty day simple moving average of $131.20 and a two-hundred day simple moving average of $112.26. BrightSpring Health Services, Inc. has a 52 week low of $56.77 and a 52 week high of $137.07.

BrightSpring Health Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, February 1st. Investors of record on Thursday, January 15th were given a $0.8438 dividend. The ex-dividend date was Thursday, January 15th. This represents a $3.38 annualized dividend and a yield of 2.5%.

Analyst Upgrades and Downgrades

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

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.