Short Interest in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Rises By 282.4%

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 31,449 shares, an increase of 282.4% from the January 15th total of 8,225 shares. Based on an average trading volume of 2,191 shares, the short-interest ratio is currently 14.4 days. Based on an average trading volume of 2,191 shares, the short-interest ratio is currently 14.4 days.

Analysts Set New Price Targets

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 MarketBeat.com, BrightSpring Health Services has a consensus rating of “Hold”.

Institutional Investors Weigh In On BrightSpring Health Services

A number of large investors have recently modified their holdings of BTSGU. Jane Street Group LLC lifted its position in BrightSpring Health Services by 88.4% during the 4th quarter. Jane Street Group LLC now owns 4,946 shares of the company’s stock worth $624,000 after acquiring an additional 2,321 shares in the last quarter. SSI Investment Management LLC raised its stake in shares of BrightSpring Health Services by 2.7% during the fourth quarter. SSI Investment Management LLC now owns 154,115 shares of the company’s stock valued at $19,426,000 after purchasing an additional 3,980 shares during the period. Morningstar Investment Management LLC acquired a new position in shares of BrightSpring Health Services during the third quarter worth $829,000. Van ECK Associates Corp boosted its stake in shares of BrightSpring Health Services by 2.1% in the third quarter. Van ECK Associates Corp now owns 244,150 shares of the company’s stock valued at $24,681,000 after purchasing an additional 4,999 shares during the period. Finally, Wolverine Asset Management LLC grew its holdings in BrightSpring Health Services by 27.4% during the 3rd quarter. Wolverine Asset Management LLC now owns 554,985 shares of the company’s stock valued at $56,199,000 after purchasing an additional 119,322 shares in the last quarter.

BrightSpring Health Services Stock Down 5.4%

Shares of BTSGU stock opened at $126.39 on Friday. BrightSpring Health Services has a fifty-two week low of $56.77 and a fifty-two week high of $137.07. The firm’s 50 day moving average price is $128.61 and its two-hundred day moving average price is $107.93.

BrightSpring Health Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, February 1st. Investors of record on Thursday, January 15th were issued a $0.8438 dividend. This represents a $3.38 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, January 15th.

About BrightSpring Health Services

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.