Gamco Investors INC. ET AL Sells 3,000 Shares of BrightSpring Health Services, Inc. $BTSGU

Gamco Investors INC. ET AL reduced its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 50.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,000 shares of the company’s stock after selling 3,000 shares during the period. Gamco Investors INC. ET AL’s holdings in BrightSpring Health Services were worth $426,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BTSGU. Virtus Advisers LLC acquired a new stake in BrightSpring Health Services during the 4th quarter worth $25,000. Jane Street Group LLC lifted its stake in shares of BrightSpring Health Services by 88.4% in the 4th quarter. Jane Street Group LLC now owns 4,946 shares of the company’s stock valued at $624,000 after purchasing an additional 2,321 shares during the period. Morningstar Investment Management LLC bought a new position in shares of BrightSpring Health Services in the 3rd quarter worth $829,000. JPMorgan Chase & Co. boosted its position in shares of BrightSpring Health Services by 69.4% in 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 during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of BrightSpring Health Services during the first quarter worth $3,575,000.

BrightSpring Health Services Trading Down 4.2%

BTSGU opened at $228.37 on Thursday. The firm’s fifty day moving average is $218.03 and its two-hundred day moving average is $171.23. BrightSpring Health Services, Inc. has a twelve month low of $68.14 and a twelve month high of $255.51.

BrightSpring Health Services Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, August 1st. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.8437 per share. The ex-dividend date is Wednesday, July 15th. This represents a $3.37 annualized dividend and a yield of 1.5%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of BrightSpring Health Services in a research note on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company 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.