Public Employees Retirement System of Ohio Takes Position in Bausch Health Companies Inc. (NYSE:BHC)

Public Employees Retirement System of Ohio acquired a new position in shares of Bausch Health Companies Inc. (NYSE:BHC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 114,746 shares of the company's stock, valued at approximately $927,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mountain Hill Investment Partners Corp. acquired a new stake in Bausch Health Companies during the 4th quarter worth $56,000. Bank of Nova Scotia purchased a new stake in Bausch Health Companies in the 4th quarter valued at about $83,000. One68 Global Capital LLC purchased a new stake in Bausch Health Companies during the fourth quarter worth about $90,000. Balyasny Asset Management L.P. purchased a new stake in Bausch Health Companies during the fourth quarter worth about $97,000. Finally, Alpine Global Management LLC purchased a new stake in Bausch Health Companies during the fourth quarter worth about $114,000. Institutional investors and hedge funds own 78.65% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Bausch Health Companies from $8.50 to $10.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. Wall Street Zen cut Bausch Health Companies from a "buy" rating to a "hold" rating in a research note on Saturday, May 10th. Finally, Jefferies Financial Group restated a "hold" rating and set a $8.00 price target (down previously from $12.00) on shares of Bausch Health Companies in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $7.42.

Bausch Health Companies Stock Performance

NYSE:BHC traded down $0.02 during trading hours on Thursday, hitting $4.63. The company's stock had a trading volume of 723,460 shares, compared to its average volume of 2,544,184. Bausch Health Companies Inc. has a 52-week low of $3.96 and a 52-week high of $9.85. The company has a market capitalization of $1.69 billion, a PE ratio of -38.54, a PEG ratio of 0.37 and a beta of 0.34. The business's 50-day moving average is $4.92 and its two-hundred day moving average is $6.57.

Bausch Health Companies Company Profile

Bausch Health Companies Inc operates as a diversified specialty pharmaceutical and medical device company in the United States and internationally. It develops, manufactures, and markets a range of products primarily in gastroenterology, hepatology, neurology, dermatology, international pharmaceuticals, over-the-counter (OTC) products, aesthetic medical devices, and eye health.