BrightSpring Health Services, Inc. $BTSGU Shares Sold by BlueCrest Capital Management Ltd

BlueCrest Capital Management Ltd cut its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 72.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,435 shares of the company’s stock after selling 73,458 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in BrightSpring Health Services were worth $6,510,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE acquired a new stake in BrightSpring Health Services in the 1st quarter valued at $6,629,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in BrightSpring Health Services during the first quarter worth $213,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in BrightSpring Health Services by 11.0% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 164,260 shares of the company’s stock worth $13,560,000 after acquiring an additional 16,302 shares during the period. JPMorgan Chase & Co. lifted its holdings in BrightSpring Health Services by 69.4% during the second quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock valued at $3,627,000 after purchasing an additional 17,994 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in BrightSpring Health Services during the first quarter valued at $3,575,000.

Wall Street Analyst Weigh In

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

BrightSpring Health Services Stock Down 1.2%

Shares of NASDAQ:BTSGU opened at $204.52 on Thursday. The business’s 50 day moving average price is $213.24 and its 200-day moving average price is $185.84. BrightSpring Health Services, Inc. has a 1 year low of $91.18 and a 1 year high of $255.51.

BrightSpring Health Services Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, August 1st. Shareholders of record on Wednesday, July 15th were issued a $0.8437 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $3.37 dividend on an annualized basis and a yield of 1.7%.

BrightSpring Health Services 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.