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

BlueCrest Capital Management Ltd trimmed its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 72.1% during the second quarter, HoldingsChannel reports. The firm owned 28,435 shares of the company’s stock after selling 73,458 shares during the period. BlueCrest Capital Management Ltd’s holdings in BrightSpring Health Services were worth $6,510,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BTSGU. Bank of America Corp DE acquired a new stake in shares of BrightSpring Health Services in the first quarter valued at approximately $6,629,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in BrightSpring Health Services during the first quarter worth $213,000. Virtus Advisers LLC acquired a new position in BrightSpring Health Services during the fourth quarter worth $25,000. Jane Street Group LLC increased its stake in shares of BrightSpring Health Services by 88.4% in 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 during the last quarter. Finally, Morningstar Investment Management LLC acquired a new stake in shares of BrightSpring Health Services in the 3rd quarter worth $829,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of BrightSpring Health Services in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

BrightSpring Health Services Stock Down 1.2%

BTSGU stock opened at $204.52 on Thursday. BrightSpring Health Services, Inc. has a one year low of $91.18 and a one year high of $255.51. The firm’s 50 day moving average price is $213.24 and its 200-day moving average price is $185.84.

BrightSpring Health Services Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, August 1st. Investors of record on Wednesday, July 15th were given a dividend of $0.8437 per share. This represents a $3.37 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, July 15th.

BrightSpring Health Services 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.