BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Update

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

Wall Street Analyst Weigh In

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

BrightSpring Health Services Stock Performance

BTSGU opened at $128.36 on Monday. BrightSpring Health Services has a 52-week low of $56.77 and a 52-week high of $147.95. The firm’s 50-day moving average price is $133.31 and its 200-day moving average price is $117.11.

BrightSpring Health Services Announces Dividend

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

Hedge Funds Weigh In On BrightSpring Health Services

Several hedge funds have recently made changes to their positions in the company. Virtus Advisers LLC purchased a new position in shares of BrightSpring Health Services in the fourth quarter worth about $25,000. Jane Street Group LLC boosted its position in BrightSpring Health Services by 88.4% in the fourth quarter. Jane Street Group LLC now owns 4,946 shares of the company’s stock valued at $624,000 after buying an additional 2,321 shares during the last quarter. Morningstar Investment Management LLC acquired a new position in BrightSpring Health Services in the 3rd quarter worth approximately $829,000. Goldman Sachs Group Inc. acquired a new position in BrightSpring Health Services in the 1st quarter worth approximately $3,575,000. Finally, JPMorgan Chase & Co. raised its position in 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 buying an additional 17,994 shares during the last quarter.

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.