Voya Investment Management LLC Lowers Stock Position in BrightSpring Health Services, Inc. $BTSGU

Voya Investment Management LLC lessened its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 594,795 shares of the company’s stock after selling 43,705 shares during the quarter. Voya Investment Management LLC’s holdings in BrightSpring Health Services were worth $60,128,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BTSGU. Aequim Alternative Investments LP grew its position in shares of BrightSpring Health Services by 13.2% during the 2nd quarter. Aequim Alternative Investments LP now owns 1,290,000 shares of the company’s stock valued at $106,490,000 after acquiring an additional 150,000 shares during the period. Bank of Montreal Can acquired a new position in BrightSpring Health Services in the 2nd quarter worth about $99,696,000. Wolverine Asset Management LLC boosted its position in BrightSpring Health Services by 92.5% during the second quarter. Wolverine Asset Management LLC now owns 435,663 shares of the company’s stock worth $35,969,000 after purchasing an additional 209,297 shares in the last quarter. Sculptor Capital LP grew its holdings in BrightSpring Health Services by 1.5% in the first quarter. Sculptor Capital LP now owns 278,795 shares of the company’s stock valued at $18,122,000 after purchasing an additional 4,025 shares during the period. Finally, BlueCrest Capital Management Ltd grew its holdings in BrightSpring Health Services by 40.3% in 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 during the period.

BrightSpring Health Services Stock Performance

Shares of BTSGU stock opened at $127.29 on Friday. BrightSpring Health Services, Inc. has a fifty-two week low of $56.77 and a fifty-two week high of $127.29. The stock’s fifty day moving average is $114.34 and its two-hundred day moving average is $93.33.

BrightSpring Health Services (NASDAQ:BTSGU) last issued its earnings results on Thursday, May 2nd. The company reported ($0.10) EPS for the quarter. The firm had revenue of $2.03 billion for the quarter.

BrightSpring Health Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, November 1st. Stockholders of record on Wednesday, October 15th were given a $0.8438 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from BrightSpring Health Services’s previous quarterly dividend of $0.84. The ex-dividend date was Wednesday, October 15th.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BrightSpring Health Services in a research note on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently 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.