Short Interest in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Declines By 61.3%

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 3,611 shares, a drop of 61.3% from the February 26th total of 9,326 shares. Based on an average daily trading volume, of 40,461 shares, the short-interest ratio is currently 0.1 days.

BrightSpring Health Services Stock Down 0.5%

BTSGU traded down $0.74 during midday trading on Friday, reaching $142.02. 2,891 shares of the company’s stock were exchanged, compared to its average volume of 19,589. The business has a 50-day simple moving average of $135.14 and a two-hundred day simple moving average of $120.32. BrightSpring Health Services has a one year low of $56.77 and a one year high of $151.08.

BrightSpring Health Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, February 1st. Investors of record on Thursday, January 15th were given a dividend of $0.8438 per share. This represents a $3.38 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, January 15th.

Institutional Trading of BrightSpring Health Services

A number of large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. bought a new position in shares of BrightSpring Health Services during the first quarter valued at $3,575,000. JPMorgan Chase & Co. increased its position in shares of BrightSpring Health Services by 69.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock worth $3,627,000 after purchasing an additional 17,994 shares in the last quarter. Norges Bank bought a new position in BrightSpring Health Services during the 2nd quarter valued at about $5,780,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in BrightSpring Health Services by 11.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 164,260 shares of the company’s stock valued at $13,560,000 after purchasing an additional 16,302 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in BrightSpring Health Services in the second quarter valued at about $870,000.

Analysts Set New Price Targets

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