BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Down 77.2% in February

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 7,184 shares, a decline of 77.2% from the January 29th total of 31,449 shares. Based on an average daily trading volume, of 4,968 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily trading volume, of 4,968 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Trading of BrightSpring Health Services

A number of institutional investors and hedge funds have recently modified their holdings of BTSGU. Virtus Advisers LLC acquired a new position in shares of BrightSpring Health Services in the fourth quarter valued at $25,000. Jane Street Group LLC boosted its stake in BrightSpring Health Services by 88.4% during the fourth quarter. Jane Street Group LLC now owns 4,946 shares of the company’s stock worth $624,000 after buying an additional 2,321 shares in the last quarter. Morningstar Investment Management LLC bought a new stake in BrightSpring Health Services in the 3rd quarter valued at $829,000. Goldman Sachs Group Inc. acquired a new position in shares of BrightSpring Health Services in the 1st quarter valued at $3,575,000. Finally, JPMorgan Chase & Co. raised its stake in shares of BrightSpring Health Services by 69.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock valued at $3,627,000 after buying an additional 17,994 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

BrightSpring Health Services Stock Up 0.9%

Shares of BTSGU opened at $136.22 on Thursday. The company has a 50-day simple moving average of $131.00 and a 200-day simple moving average of $112.11. BrightSpring Health Services has a 52 week low of $56.77 and a 52 week high of $137.07.

BrightSpring Health Services Announces Dividend

The company also recently declared 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 of this dividend was Thursday, January 15th. This represents a $3.38 annualized dividend and a yield of 2.5%.

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.