ExodusPoint Capital Management LP trimmed its holdings in shares of Bright Health Group, Inc. (NYSE:BHG – Get Rating) by 34.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investors owned 318,464 shares of the company’s stock after selling 163,738 shares during the period. ExodusPoint Capital Management LP’s holdings in Bright Health Group were worth $334,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of Bright Health Group during the 3rd quarter worth $55,000. CM Management LLC boosted its position in shares of Bright Health Group by 20.0% in the 3rd quarter. CM Management LLC now owns 600,000 shares of the company’s stock valued at $630,000 after purchasing an additional 100,000 shares during the period. Prudential Financial Inc. increased its stake in Bright Health Group by 2,422.2% in the 3rd quarter. Prudential Financial Inc. now owns 331,826 shares of the company’s stock worth $349,000 after purchasing an additional 318,670 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in Bright Health Group during the 3rd quarter worth about $26,000. Finally, Creative Planning lifted its stake in Bright Health Group by 145.6% during the third quarter. Creative Planning now owns 34,999 shares of the company’s stock valued at $37,000 after buying an additional 20,749 shares in the last quarter.
Bright Health Group Trading Down 42.0 %
Shares of NYSE:BHG opened at $0.50 on Thursday. The firm has a market cap of $317.49 million, a price-to-earnings ratio of -0.20 and a beta of 0.85. Bright Health Group, Inc. has a 1 year low of $0.49 and a 1 year high of $3.01. The business has a fifty day simple moving average of $0.78 and a 200 day simple moving average of $1.02.
Analyst Ratings Changes
A number of equity research analysts have recently issued reports on BHG shares. Citigroup cut their price target on shares of Bright Health Group from $2.25 to $1.20 and set a “neutral” rating on the stock in a report on Wednesday, November 16th. The Goldman Sachs Group downgraded shares of Bright Health Group from a “neutral” rating to a “sell” rating in a research note on Tuesday, December 13th. Finally, Cowen decreased their target price on Bright Health Group to $1.00 in a research report on Wednesday, November 16th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $2.52.
Insiders Place Their Bets
In other news, Director Jeffrey R. Immelt purchased 400,000 shares of the stock in a transaction that occurred on Wednesday, December 14th. The stock was acquired at an average price of $0.62 per share, with a total value of $248,000.00. Following the purchase, the director now owns 598,012 shares in the company, valued at approximately $370,767.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via the SEC website. Insiders own 49.80% of the company’s stock.
Bright Health Group Company Profile
(Get Rating)
Bright Health Group, Inc, a healthcare company, provides health insurance policies in the United States. It operates in two segments, NeueHealth and Bright HealthCare. The NeueHealth segment delivers virtual and in-person clinical care services to patients under contracts through its owned and affiliated primary care clinics.
See Also
Want to see what other hedge funds are holding BHG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bright Health Group, Inc. (NYSE:BHG – Get Rating).
Receive News & Ratings for Bright Health Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Bright Health Group and related companies with MarketBeat.com’s FREE daily email newsletter.