Great West Life Assurance Co. Can Purchases Shares of 565,454 Bausch Health Companies Inc. (NYSE:BHC)

Great West Life Assurance Co. Can acquired a new position in Bausch Health Companies Inc. (NYSE:BHC – Get Rating) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 565,454 shares of the company’s stock, valued at approximately $3,906,000. Great West Life Assurance Co. Can owned 0.16% of Bausch Health Companies as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Merit Financial Group LLC bought a new position in shares of Bausch Health Companies in the third quarter worth about $204,000. Wipfli Financial Advisors LLC bought a new position in Bausch Health Companies during the third quarter valued at approximately $25,000. Zazove Associates LLC bought a new position in Bausch Health Companies during the third quarter valued at approximately $1,426,000. Retirement Planning Co of New England Inc. boosted its stake in Bausch Health Companies by 75.0% during the third quarter. Retirement Planning Co of New England Inc. now owns 23,827 shares of the company’s stock valued at $164,000 after buying an additional 10,215 shares during the last quarter. Finally, Pendal Group Ltd bought a new position in Bausch Health Companies during the third quarter valued at approximately $563,000. Institutional investors own 66.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Bausch Health Companies in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.60.

Bausch Health Companies Trading Up 0.4 %

Shares of Bausch Health Companies stock opened at $8.18 on Tuesday. The stock has a market cap of $2.96 billion, a P/E ratio of 11.69, a P/E/G ratio of 0.12 and a beta of 0.96. The stock’s 50 day simple moving average is $7.17 and its 200-day simple moving average is $6.95. Bausch Health Companies Inc. has a 1-year low of $4.00 and a 1-year high of $26.39. The company has a debt-to-equity ratio of 48.05, a current ratio of 1.05 and a quick ratio of 0.77.

Bausch Health Companies (NYSE:BHC – Get Rating) last issued its earnings results on Thursday, November 3rd. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.16). The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.09 billion. Bausch Health Companies had a return on equity of 942.47% and a net margin of 3.13%. Analysts predict that Bausch Health Companies Inc. will post 2.97 EPS for the current fiscal year.

Bausch Health Companies 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.