Bausch Health Companies Inc. (NYSE:BHC – Get Rating) was the recipient of some unusual options trading activity on Friday. Stock traders bought 22,560 put options on the company. This represents an increase of 21% compared to the average volume of 18,678 put options.
Institutional Investors Weigh In On Bausch Health Companies
Institutional investors and hedge funds have recently modified their holdings of the business. Tobam raised its stake in shares of Bausch Health Companies by 1,685.1% during the third quarter. Tobam now owns 336,774 shares of the company's stock worth $2,340,000 after buying an additional 317,908 shares during the last quarter. Assetmark Inc. grew its holdings in Bausch Health Companies by 454.3% during the second quarter. Assetmark Inc. now owns 10,421 shares of the company's stock valued at $87,000 after purchasing an additional 8,541 shares during the period. WINTON GROUP Ltd acquired a new position in Bausch Health Companies during the second quarter valued at approximately $265,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Bausch Health Companies by 3.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 778,834 shares of the company's stock valued at $6,510,000 after purchasing an additional 27,923 shares during the period. Finally, Clearline Capital LP acquired a new position in Bausch Health Companies during the second quarter valued at approximately $12,752,000. 66.99% of the stock is owned by institutional investors.
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Bausch Health Companies Price Performance
Shares of NYSE BHC traded up $0.38 during trading on Friday, reaching $8.15. The company had a trading volume of 7,917,339 shares, compared to its average volume of 4,648,165. Bausch Health Companies has a 52 week low of $4.00 and a 52 week high of $26.39. The stock has a market cap of $2.95 billion, a PE ratio of 11.10, a PEG ratio of 0.11 and a beta of 0.96. The company has a debt-to-equity ratio of 48.05, a quick ratio of 0.77 and a current ratio of 1.05. The business's 50 day moving average price is $7.14 and its 200-day moving average price is $6.99.
Bausch Health Companies (NYSE:BHC – Get Rating) last announced its earnings results on Thursday, November 3rd. The company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.16). The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.09 billion. Bausch Health Companies had a return on equity of 942.47% and a net
margin of 3.13%. Analysts expect that Bausch Health Companies will post 2.97 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on shares of Bausch Health Companies in a research report on Wednesday, October 12th. They issued a "hold" rating on the stock. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $10.60.
Bausch Health Companies Company Profile
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Bausch Health Companies Inc, together with its subsidiaries, develops, manufactures, and markets a range of pharmaceutical, medical device, and over-the-counter (OTC) products primarily in the therapeutic areas of eye health, gastroenterology, and dermatology. The company operates through five segments: Bausch + Lomb, Salix, International Rx, Ortho Dermatologics, and Diversified Products.
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