Gerber Kawasaki Wealth & Investment Management Takes $691,000 Position in Bausch Health Companies Inc (BHC)

Gerber Kawasaki Wealth & Investment Management bought a new stake in shares of Bausch Health Companies Inc (NYSE:BHC) in the first quarter, Holdings Channel reports. The firm bought 28,000 shares of the company’s stock, valued at approximately $691,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. acquired a new position in Bausch Health Companies during the 3rd quarter valued at about $223,173,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Bausch Health Companies by 0.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,452,664 shares of the company’s stock valued at $156,267,000 after purchasing an additional 75,175 shares during the period. Bank of Montreal Can boosted its stake in Bausch Health Companies by 28.2% during the 1st quarter. Bank of Montreal Can now owns 3,702,077 shares of the company’s stock valued at $91,441,000 after purchasing an additional 815,311 shares during the period. Orbimed Advisors LLC boosted its stake in Bausch Health Companies by 89.1% during the 4th quarter. Orbimed Advisors LLC now owns 3,600,300 shares of the company’s stock valued at $66,498,000 after purchasing an additional 1,696,400 shares during the period. Finally, Norges Bank acquired a new position in Bausch Health Companies during the 4th quarter valued at about $59,054,000. 54.70% of the stock is owned by hedge funds and other institutional investors.

In other Bausch Health Companies news, CEO Joseph C. Papa bought 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was acquired at an average cost of $23.67 per share, with a total value of $710,100.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.87% of the stock is owned by corporate insiders.

BHC has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Bausch Health Companies from a “buy” rating to a “hold” rating in a research note on Monday, January 28th. ValuEngine raised shares of Bausch Health Companies from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Wells Fargo & Co upped their price target on shares of Bausch Health Companies from $9.00 to $25.19 and gave the stock an “underperform” rating in a research note on Tuesday, February 19th. HC Wainwright reaffirmed a “buy” rating on shares of Bausch Health Companies in a research note on Thursday, February 28th. Finally, Mizuho upped their price target on shares of Bausch Health Companies from $39.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Bausch Health Companies presently has a consensus rating of “Hold” and an average target price of $29.13.

Shares of NYSE:BHC traded up $0.10 during trading on Thursday, reaching $25.38. The company had a trading volume of 17,051 shares, compared to its average volume of 4,289,010. The firm has a market cap of $8.65 billion, a P/E ratio of 6.32, a P/E/G ratio of 0.57 and a beta of 0.55. Bausch Health Companies Inc has a twelve month low of $17.20 and a twelve month high of $28.45. The company has a current ratio of 1.08, a quick ratio of 0.83 and a debt-to-equity ratio of 8.61.

Bausch Health Companies (NYSE:BHC) last issued its quarterly earnings results on Monday, May 6th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.14. Bausch Health Companies had a negative net margin of 19.27% and a positive return on equity of 47.01%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the business posted $0.89 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities research analysts forecast that Bausch Health Companies Inc will post 4.06 EPS for the current year.

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About Bausch Health Companies

Bausch Health Companies Inc 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 four segments: Bausch + Lomb/International, Salix, Ortho Dermatologics, and Diversified Products.

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Institutional Ownership by Quarter for Bausch Health Companies (NYSE:BHC)

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