BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Up 29.8% in February

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 9,326 shares, an increase of 29.8% from the February 12th total of 7,184 shares. Based on an average daily trading volume, of 14,112 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 14,112 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Virtus Advisers LLC purchased a new position in BrightSpring Health Services in the fourth quarter worth approximately $25,000. Jane Street Group LLC raised its position in BrightSpring Health Services by 88.4% in the fourth quarter. Jane Street Group LLC now owns 4,946 shares of the company’s stock valued at $624,000 after purchasing an additional 2,321 shares during the period. Morningstar Investment Management LLC acquired a new position in shares of 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. grew its holdings in shares of BrightSpring Health Services by 69.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock worth $3,627,000 after purchasing an additional 17,994 shares during the period.

BrightSpring Health Services Stock Down 1.1%

Shares of BTSGU stock opened at $128.36 on Friday. The firm’s 50-day moving average is $133.31 and its two-hundred day moving average is $116.87. BrightSpring Health Services has a 12 month low of $56.77 and a 12 month high of $147.95.

BrightSpring Health Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, February 1st. Stockholders of record on Thursday, January 15th were issued a dividend of $0.8438 per share. The ex-dividend date was Thursday, January 15th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.6%.

Wall Street Analyst Weigh In

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

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.