BrightSpring Health Services, Inc. $BTSGU Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 37.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,000 shares of the company’s stock after selling 75,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in BrightSpring Health Services were worth $17,755,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new position in shares of BrightSpring Health Services during the first quarter valued at $3,575,000. JPMorgan Chase & Co. increased its holdings in shares of BrightSpring Health Services by 69.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock worth $3,627,000 after acquiring an additional 17,994 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in BrightSpring Health Services by 11.0% in 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 purchasing an additional 16,302 shares during the last quarter. Jane Street Group LLC bought a new stake in BrightSpring Health Services in the 2nd quarter valued at about $870,000. Finally, Morningstar Investment Management LLC bought a new stake in BrightSpring Health Services in the 3rd quarter valued at about $829,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of BrightSpring Health Services in a research report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

BrightSpring Health Services Stock Down 0.4%

Shares of BrightSpring Health Services stock opened at $237.19 on Tuesday. BrightSpring Health Services, Inc. has a 1-year low of $68.14 and a 1-year high of $255.51. The business’s fifty day moving average price is $216.34 and its two-hundred day moving average price is $169.80.

BrightSpring Health Services Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, August 1st. Investors of record on Wednesday, July 15th will be issued a $0.8437 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $3.37 annualized dividend and a yield of 1.4%.

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.