Advent Capital Management DE Sells 78,298 Shares of BrightSpring Health Services, Inc. $BTSGU

Advent Capital Management DE decreased its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 78.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,023 shares of the company’s stock after selling 78,298 shares during the quarter. Advent Capital Management DE’s holdings in BrightSpring Health Services were worth $1,723,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wolverine Asset Management LLC raised its position in shares of BrightSpring Health Services by 8.3% during the first quarter. Wolverine Asset Management LLC now owns 226,366 shares of the company’s stock worth $14,913,000 after acquiring an additional 17,388 shares during the last quarter. Linden Advisors LP increased its position in BrightSpring Health Services by 250.0% in the first quarter. Linden Advisors LP now owns 35,000 shares of the company’s stock worth $2,311,000 after purchasing an additional 25,000 shares during the period. Sculptor Capital LP increased its position in BrightSpring Health Services by 1.5% in the first quarter. Sculptor Capital LP now owns 278,795 shares of the company’s stock worth $18,122,000 after purchasing an additional 4,025 shares during the period. Goldman Sachs Group Inc. bought a new stake in BrightSpring Health Services during the 1st quarter worth about $3,575,000. Finally, Voya Investment Management LLC lifted its position in BrightSpring Health Services by 12.7% during the 1st quarter. Voya Investment Management LLC now owns 310,000 shares of the company’s stock valued at $20,150,000 after purchasing an additional 35,000 shares during the period.

BrightSpring Health Services Trading Up 1.1%

BTSGU opened at $121.94 on Friday. The firm’s fifty day moving average is $107.28 and its two-hundred day moving average is $89.33. BrightSpring Health Services, Inc. has a twelve month low of $56.77 and a twelve month high of $122.33.

BrightSpring Health Services (NASDAQ:BTSGU) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.10) EPS for the quarter. The company had revenue of $2.03 billion for the quarter.

BrightSpring Health Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, November 1st. Stockholders of record on Wednesday, October 15th were issued a dividend of $0.8438 per share. This is a boost from BrightSpring Health Services’s previous quarterly dividend of $0.84. The ex-dividend date was Wednesday, October 15th. This represents a $3.38 annualized dividend and a dividend yield of 2.8%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BrightSpring Health Services in a research note on Tuesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, BrightSpring Health Services has a consensus rating of “Hold”.

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.