Skaana Management L.P. Sells 34,495 Shares of BrightSpring Health Services, Inc. $BTSGU

Skaana Management L.P. cut its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 76.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,573 shares of the company’s stock after selling 34,495 shares during the period. Skaana Management L.P.’s holdings in BrightSpring Health Services were worth $1,069,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BTSGU. Bank of Montreal Can bought a new stake in shares of BrightSpring Health Services during the 2nd quarter valued at $99,696,000. Wolverine Asset Management LLC lifted its position in BrightSpring Health Services by 92.5% during the second quarter. Wolverine Asset Management LLC now owns 435,663 shares of the company’s stock valued at $35,969,000 after purchasing an additional 209,297 shares in the last quarter. Norges Bank bought a new stake in BrightSpring Health Services during the second quarter valued at about $5,780,000. BlueCrest Capital Management Ltd increased its position in BrightSpring Health Services by 40.3% in the second quarter. BlueCrest Capital Management Ltd now owns 236,886 shares of the company’s stock worth $19,555,000 after buying an additional 68,087 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in BrightSpring Health Services in the first quarter worth about $3,575,000.

BrightSpring Health Services Price Performance

NASDAQ:BTSGU opened at $133.71 on Friday. The business’s 50-day simple moving average is $131.20 and its two-hundred day simple moving average is $112.26. BrightSpring Health Services, Inc. has a 52 week low of $56.77 and a 52 week high of $137.07.

BrightSpring Health Services Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $3.38 dividend on an annualized basis and a yield of 2.5%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BrightSpring Health Services in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.