Short Interest in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Increases By 44.6%

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 8,100 shares, a growth of 44.6% from the September 30th total of 5,600 shares. Based on an average trading volume of 62,700 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 62,700 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of BrightSpring Health Services in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Trading of BrightSpring Health Services

Several institutional investors have recently made changes to their positions in BTSGU. Bank of Montreal Can acquired a new stake in shares of BrightSpring Health Services during the 2nd quarter valued at about $99,696,000. Wolverine Asset Management LLC boosted its position in shares of BrightSpring Health Services by 92.5% during the 2nd quarter. Wolverine Asset Management LLC now owns 435,663 shares of the company’s stock valued at $35,969,000 after acquiring an additional 209,297 shares in the last quarter. Aequim Alternative Investments LP boosted 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 in the last quarter. Norges Bank bought a new position in BrightSpring Health Services during the 2nd quarter valued at about $5,780,000. Finally, BlueCrest Capital Management Ltd lifted its holdings in BrightSpring Health Services by 40.3% during the 2nd 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 last quarter.

BrightSpring Health Services Stock Performance

NASDAQ BTSGU opened at $110.71 on Wednesday. The company’s fifty day moving average is $98.10 and its two-hundred day moving average is $83.82. BrightSpring Health Services has a 52-week low of $56.77 and a 52-week high of $116.44.

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

BrightSpring Health Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, November 1st. Stockholders of record on Wednesday, October 15th were given a dividend of $0.8438 per share. This is an increase from BrightSpring Health Services’s previous quarterly dividend of $0.84. The ex-dividend date was Wednesday, October 15th. This represents a $3.38 annualized dividend and a dividend yield of 3.0%.

About BrightSpring Health Services

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.