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

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 37.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,000 shares of the company’s stock after selling 75,000 shares during the period. 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.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new position in shares of BrightSpring Health Services during the 1st quarter valued at $3,575,000. JPMorgan Chase & Co. lifted its holdings in shares of BrightSpring Health Services by 69.4% in the second 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in BrightSpring Health Services by 11.0% during the second 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. Jane Street Group LLC bought a new position in BrightSpring Health Services during the second quarter valued at about $870,000. Finally, Morningstar Investment Management LLC acquired a new position in BrightSpring Health Services during the third quarter worth about $829,000.

Analysts Set New Price Targets

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

BrightSpring Health Services Stock Performance

Shares of NASDAQ:BTSGU 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 company has a 50 day moving average price of $216.34 and a 200 day moving average price of $169.80.

BrightSpring Health Services Cuts Dividend

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