Short Interest in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Grows By 29.8%

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 9,326 shares, an increase of 29.8% from the February 12th total of 7,184 shares. Based on an average daily trading volume, of 14,112 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 14,112 shares, the days-to-cover ratio is currently 0.7 days.

BrightSpring Health Services Trading Down 1.1%

NASDAQ:BTSGU opened at $128.36 on Friday. The stock has a 50 day moving average of $133.31 and a two-hundred day moving average of $116.87. BrightSpring Health Services has a 12 month low of $56.77 and a 12 month high of $147.95.

BrightSpring Health Services Dividend Announcement

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

Institutional Investors Weigh In On BrightSpring Health Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtus Advisers LLC acquired a new stake in shares of BrightSpring Health Services in the fourth quarter valued at about $25,000. Jane Street Group LLC grew its stake in BrightSpring Health Services by 88.4% during the 4th quarter. Jane Street Group LLC now owns 4,946 shares of the company’s stock valued at $624,000 after acquiring an additional 2,321 shares in the last quarter. Morningstar Investment Management LLC acquired a new stake in BrightSpring Health Services in the 3rd quarter valued at about $829,000. JPMorgan Chase & Co. lifted its stake in 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 in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in shares of BrightSpring Health Services during the 1st quarter worth approximately $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 Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average 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.