Wolverine Asset Management LLC Sells 38,774 Shares of BrightSpring Health Services, Inc. $BTSGU

Wolverine Asset Management LLC decreased its stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 7.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 516,211 shares of the company’s stock after selling 38,774 shares during the period. BrightSpring Health Services comprises approximately 0.5% of Wolverine Asset Management LLC’s holdings, making the stock its 24th largest position. Wolverine Asset Management LLC’s holdings in BrightSpring Health Services were worth $65,293,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morningstar Investment Management LLC bought a new stake in BrightSpring Health Services during the 3rd quarter valued at about $829,000. Jane Street Group LLC bought a new stake in BrightSpring Health Services during the 2nd quarter valued at about $870,000. JPMorgan Chase & Co. lifted its holdings in BrightSpring Health Services by 69.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock valued at $3,627,000 after buying an additional 17,994 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in BrightSpring Health Services during the 1st quarter valued at about $3,575,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in BrightSpring Health Services by 11.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 164,260 shares of the company’s stock valued at $13,560,000 after buying an additional 16,302 shares in the last quarter.

BrightSpring Health Services Price Performance

NASDAQ BTSGU opened at $174.16 on Monday. The company’s 50-day simple moving average is $145.05 and its two-hundred day simple moving average is $130.45. BrightSpring Health Services, Inc. has a one year low of $68.14 and a one year high of $181.15.

BrightSpring Health Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th were given a dividend of $0.8438 per share. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $3.38 dividend on an annualized basis and a yield of 1.9%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of BrightSpring Health Services in a research report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, BrightSpring Health Services currently has an average rating of “Hold”.

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.