Bank of America Corp DE Buys Shares of 46,668 BrightSpring Health Services, Inc. $BTSGU

Bank of America Corp DE bought a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 46,668 shares of the company’s stock, valued at approximately $6,629,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. purchased a new position in shares of BrightSpring Health Services during the first quarter valued at $3,575,000. JPMorgan Chase & Co. boosted its position in BrightSpring Health Services by 69.4% during 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. boosted its position 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 worth $13,560,000 after acquiring an additional 16,302 shares during the period. Jane Street Group LLC purchased a new position in BrightSpring Health Services during the 2nd quarter valued at about $870,000. Finally, Morningstar Investment Management LLC purchased a new position in BrightSpring Health Services during the 3rd quarter valued at about $829,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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 data from MarketBeat, BrightSpring Health Services presently has an average rating of “Hold”.

BrightSpring Health Services Stock Up 0.7%

Shares of BTSGU opened at $197.81 on Thursday. The firm’s 50 day moving average price is $218.25 and its 200 day moving average price is $181.06. BrightSpring Health Services, Inc. has a twelve month low of $80.82 and a twelve month high of $255.51.

BrightSpring Health Services Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, August 1st. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.8437 per share. The ex-dividend date was Wednesday, July 15th. This represents a $3.37 dividend on an annualized basis and a dividend yield of 1.7%.

BrightSpring Health Services Company Profile

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.