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

BlueCrest Capital Management Ltd lifted its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 40.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 236,886 shares of the company’s stock after acquiring an additional 68,087 shares during the period. BrightSpring Health Services accounts for 0.7% of BlueCrest Capital Management Ltd’s portfolio, making the stock its 19th biggest holding. BlueCrest Capital Management Ltd’s holdings in BrightSpring Health Services were worth $19,555,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Linden Advisors LP boosted its stake in BrightSpring Health Services by 250.0% during the 1st quarter. Linden Advisors LP now owns 35,000 shares of the company’s stock valued at $2,311,000 after purchasing an additional 25,000 shares during the period. Sculptor Capital LP raised its holdings in shares of BrightSpring Health Services by 1.5% during the first quarter. Sculptor Capital LP now owns 278,795 shares of the company’s stock valued at $18,122,000 after buying an additional 4,025 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of BrightSpring Health Services during the first quarter valued at approximately $3,575,000. Voya Investment Management LLC boosted its position in shares of BrightSpring Health Services by 12.7% during the first quarter. Voya Investment Management LLC now owns 310,000 shares of the company’s stock worth $20,150,000 after buying an additional 35,000 shares during the period. Finally, Aequim Alternative Investments LP grew its holdings in BrightSpring Health Services by 13.2% in the 2nd quarter. Aequim Alternative Investments LP now owns 1,290,000 shares of the company’s stock worth $106,490,000 after buying an additional 150,000 shares in the last quarter.

BrightSpring Health Services Stock Performance

BTSGU stock opened at $123.16 on Friday. The firm’s 50-day moving average is $111.86 and its two-hundred day moving average is $91.90. BrightSpring Health Services, Inc. has a 52 week low of $56.77 and a 52 week high of $124.61.

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

BrightSpring Health Services Increases Dividend

The company also recently declared 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 a boost 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 2.7%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of BrightSpring Health Services in a research report on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, BrightSpring Health Services currently has an average rating of “Hold”.

BrightSpring Health Services Profile

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.