According to Bloomberg Ratings, Bright Health Group, INC (NYSE: BHG) has been given an average rating of “Hold” from the ten brokerages currently covering the stock.
These brokerages are collectively responsible for providing the average rating. Four research analysts have suggested that investors sell the stock, two have suggested that investors maintain their current holdings, and two have suggested that investors purchase the stock.
Most of the brokers who evaluated the company during the prior year have projected a price target of $2.46 for the company’s stock for the subsequent year.
Not too long ago, BHG received feedback from various brokerage companies. Citigroup gave the company a “neutral” rating in a research report published on November 16th, and it lowered its price objective for Bright Health Group shares from $2.25 to $1.20. Wednesday was the day that the report was distributed. Cowen announced in a research note released on November 16th that they would be lowering their price objective on Bright Health Group shares to $1.00.
The note was published on Wednesday.
The Goldman Sachs Group rated Bright Health Group as a “sell” in a research report published on Tuesday, December 13th.
This rating represents a downgrade from their previous recommendation of “neutral,” given in the report.
In related news, Bright Health Group investor Jeffrey R.
Immelt purchased an additional 400,000 shares of the company on December 14th, bringing his total purchase of Bright Health Group stock to 800,000.
The stock cost came to a total of 248,000 dollars, which works out to an average price of $0.62 per share when broken down individually.
The director is now the direct owner of a total of 598,012 shares of the company, which together have a value of $370,767.44 as a result of the acquisition.
A copy of the official paperwork used to disclose the acquisition can be found on the Securities and Exchange Commission (SEC) website.
Individuals employed by the company hold 49.8% of the company’s shares.
Some hedge funds have, relatively recently, made adjustments to the BHG assets they had previously held.
During the last three months of 2018, AllianceBernstein L.P.
Made a 24.4% increase in the Bright Health Group stock it owned.
Alliancebernstein L.P. now has a total of 292,300 shares of the company, and the value of those shares is $190,000.
This was accomplished through the purchase of an additional 57,400 shares of the company during the most recent quarter.
The Public Employees Retirement System of Ohio bought an additional 456.6% of Bright Health Group stock over the last three months of 2018, bringing the total amount of its stock to 100%.
The Public Employees Retirement System of Ohio now has 122,445 shares of the company’s stock, currently valued at $80,000, after acquiring an additional 100,445 shares during the most recent quarter.
This brings the total number of shares it owns in the company to 122,445.
In the final three months of 2018, Virtu Financial LLC purchased an additional 73.7% of Bright Health Group’s shares, bringing its total ownership to 100%.
In the most recent quarter, Virtu Financial LLC increased its holdings in the company by purchasing an additional 38,460 shares.
As a result, the company now has 90,632 shares, each valued at $59,000.
During the fourth quarter of 2018, Deer Management Co LLC increased its ownership in Bright Health Group by 0.8% by purchasing an additional stake.
In the most recent fiscal quarter, Deer Management Co LLC made an additional purchase of 624,252 shares of company stock.
This brought the total number of shares owned by the company to 79,937,724, with a value of $51,952,000.
Last but certainly not least, during the fourth quarter of 2018, Two Sigma Investments L.P.
Increased the amount of Bright Health Group stock owned by 60.2%.
Two Sigma Investments L.P. now has a total of 52,503 shares of the company, which are valued at $34,000.
This is because the firm purchased an additional 19,731 shares during the most recent quarter.
The first day of trading for NYSE: BHG was Monday, and the opening price was $0.72.
The price-to-earnings ratio and the company’s beta value are 0.28 and 0.85, respectively.
The current value of its market capitalization is calculated to be $455.65 million.
The moving average of the company’s stock price over the past 200 days is $1.04, while the moving average over the last 50 days is $0.78. Over the previous year, Bright Health Group’s share price has ranged from a low of $0.49 to a high of $3.54 at various points.
The current price of Bright Health Group’s shares is $3.54.
The provider of medical insurance policies in the United States is Bright Health Group, INC, which also operates as a medical care provider in the country.
This organization is often discussed in terms of its two primary branches, which are referred to as NeueHealth and Bright HealthCare.
The NeueHealth sector offers its contracted patients clinical care services that can be provided virtually or in person.
These services are provided by primary care clinics that are either wholly owned or affiliated with the NeueHealth sector.