BrightSpring Health Services (NASDAQ:BTSGU) Shares Up 1.2% – Should You Buy?

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSGU) shot up 1.2% during mid-day trading on Friday . The stock traded as high as $63.47 and last traded at $63.58. 620 shares were traded during mid-day trading, a decline of 99% from the average session volume of 68,521 shares. The stock had previously closed at $62.83.

BrightSpring Health Services Price Performance

The firm has a 50-day moving average of $71.90 and a 200-day moving average of $64.97.

BrightSpring Health Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, February 1st. Investors of record on Wednesday, January 15th were given a $0.8438 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $3.38 annualized dividend and a yield of 5.31%.

Hedge Funds Weigh In On BrightSpring Health Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BTSGU. BlueCrest Capital Management Ltd lifted its holdings in shares of BrightSpring Health Services by 710.2% during the 3rd quarter. BlueCrest Capital Management Ltd now owns 56,244 shares of the company’s stock valued at $3,135,000 after buying an additional 49,302 shares during the period. State Street Corp lifted its holdings in shares of BrightSpring Health Services by 7.0% during the 3rd quarter. State Street Corp now owns 123,000 shares of the company’s stock valued at $6,931,000 after buying an additional 8,000 shares during the period. Aequim Alternative Investments LP lifted its holdings in shares of BrightSpring Health Services by 381.2% during the 3rd quarter. Aequim Alternative Investments LP now owns 481,221 shares of the company’s stock valued at $26,823,000 after buying an additional 381,221 shares during the period. Wolverine Asset Management LLC lifted its holdings in shares of BrightSpring Health Services by 13.8% during the 4th quarter. Wolverine Asset Management LLC now owns 208,978 shares of the company’s stock valued at $13,082,000 after buying an additional 25,368 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of BrightSpring Health Services by 314.3% during the 4th quarter. JPMorgan Chase & Co. now owns 29,437 shares of the company’s stock valued at $1,843,000 after buying an additional 22,331 shares during the period.

About BrightSpring Health Services

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.