Bank of Montreal Can Makes New Investment in BrightSpring Health Services, Inc. $BTSGU

Bank of Montreal Can purchased a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,207,700 shares of the company’s stock, valued at approximately $99,696,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wolverine Asset Management LLC boosted its position in shares of BrightSpring Health Services by 8.3% during the 1st quarter. Wolverine Asset Management LLC now owns 226,366 shares of the company’s stock valued at $14,913,000 after acquiring an additional 17,388 shares in the last quarter. Advent Capital Management DE boosted its position in shares of BrightSpring Health Services by 20.1% during the 1st quarter. Advent Capital Management DE now owns 99,321 shares of the company’s stock valued at $6,496,000 after acquiring an additional 16,604 shares in the last quarter. Linden Advisors LP boosted its position in shares of 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 acquiring an additional 25,000 shares in the last quarter. Sculptor Capital LP boosted its position in shares of BrightSpring Health Services by 1.5% during the 1st quarter. Sculptor Capital LP now owns 278,795 shares of the company’s stock valued at $18,122,000 after acquiring an additional 4,025 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of BrightSpring Health Services during the 1st quarter valued at about $3,575,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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.com, BrightSpring Health Services presently has a consensus rating of “Hold”.

BrightSpring Health Services Price Performance

Shares of BTSGU stock opened at $110.71 on Wednesday. BrightSpring Health Services, Inc. has a 12-month low of $56.77 and a 12-month high of $116.44. The firm has a 50-day moving average price of $98.10 and a 200 day moving average price of $83.82.

BrightSpring Health Services (NASDAQ:BTSGU) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.10) earnings per share (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. Investors of record on Wednesday, October 15th were issued a dividend of $0.8438 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $3.38 annualized dividend and a yield of 3.0%. This is an increase from BrightSpring Health Services’s previous quarterly dividend of $0.84.

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.