Greycroft LP Has $1.69 Million Stock Position in Bright Health Group, Inc. (NYSE:BHG)

Greycroft LP decreased its stake in Bright Health Group, Inc. (NYSE:BHG) by 98.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 138,352 shares of the company’s stock after selling 10,929,869 shares during the quarter. Bright Health Group accounts for about 1.7% of Greycroft LP’s investment portfolio, making the stock its 2nd largest holding. Greycroft LP’s holdings in Bright Health Group were worth $1,691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of BHG. BlackRock Inc. boosted its position in shares of Bright Health Group by 343.3% in the first quarter. BlackRock Inc. now owns 11,799,366 shares of the company’s stock worth $22,773,000 after buying an additional 9,137,615 shares during the period. Vanguard Group Inc. boosted its position in Bright Health Group by 888.3% during the 1st quarter. Vanguard Group Inc. now owns 8,149,876 shares of the company’s stock worth $15,729,000 after acquiring an additional 7,325,251 shares during the period. Renaissance Technologies LLC boosted its position in Bright Health Group by 560.6% during the 1st quarter. Renaissance Technologies LLC now owns 3,711,800 shares of the company’s stock worth $818,000 after acquiring an additional 3,149,900 shares during the period. State Street Corp boosted its position in Bright Health Group by 268.8% during the 1st quarter. State Street Corp now owns 3,316,058 shares of the company’s stock worth $6,400,000 after acquiring an additional 2,416,868 shares during the period. Finally, Advisor Group Holdings Inc. boosted its position in Bright Health Group by 1,513.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,659,797 shares of the company’s stock worth $1,079,000 after acquiring an additional 1,556,949 shares during the period.

Bright Health Group Stock Performance

Shares of BHG stock traded down $0.09 during trading on Monday, hitting $7.55. 1,157 shares of the company were exchanged, compared to its average volume of 103,213. The business’s 50-day simple moving average is $6.72 and its 200 day simple moving average is $10.01. The firm has a market capitalization of $60.26 million, a price-to-earnings ratio of -0.04 and a beta of 0.87. Bright Health Group, Inc. has a twelve month low of $5.60 and a twelve month high of $86.40.

Bright Health Group Profile

Bright Health Group, Inc, a healthcare company, provides health insurance policies in the United States. It operates in two segments, Bright HealthCare and Consumer Care. The Consumer Care segment delivers virtual and in-person clinical care services contracts through primary care clinics. It operates managed and affiliated risk-bearing clinics within its integrated care delivery system, which included embedded pharmacy, laboratory, radiology, and population health focused specialty services.