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

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) shares shot up 1.2% during trading on Friday . The stock traded as high as $63.47 and last traded at $63.58. 620 shares changed hands 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 Stock Up 1.2 %

The company has a fifty day moving average price of $71.90 and a 200 day moving average price of $64.97.

BrightSpring Health Services Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Sculptor Capital LP increased its holdings in BrightSpring Health Services by 443.6% during the 4th quarter. Sculptor Capital LP now owns 274,770 shares of the company’s stock valued at $17,201,000 after purchasing an additional 224,224 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in BrightSpring Health Services by 149.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 960,000 shares of the company’s stock valued at $60,509,000 after purchasing an additional 575,000 shares during the period. Bank of America Corp DE grew its holdings in shares of BrightSpring Health Services by 231.9% during the 4th quarter. Bank of America Corp DE now owns 243,445 shares of the company’s stock worth $15,240,000 after acquiring an additional 170,106 shares during the period. Aequim Alternative Investments LP grew its holdings in shares of BrightSpring Health Services by 105.7% during the 4th quarter. Aequim Alternative Investments LP now owns 990,000 shares of the company’s stock worth $61,974,000 after acquiring an additional 508,779 shares during the period. Finally, BlueCrest Capital Management Ltd grew its holdings in shares of BrightSpring Health Services by 79.0% during the 4th quarter. BlueCrest Capital Management Ltd now owns 100,653 shares of the company’s stock worth $6,301,000 after acquiring an additional 44,409 shares during the period.

BrightSpring Health Services Company Profile

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.