agilon health (NYSE:AGL) Trading Up 6.4% – Here’s What Happened

agilon health, inc. (NYSE:AGL) shares rose 6.4% during mid-day trading on Friday . The stock traded as high as $2.35 and last traded at $2.33. Approximately 281,456 shares changed hands during trading, a decline of 89% from the average daily volume of 2,576,343 shares. The stock had previously closed at $2.19.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AGL shares. Stifel Nicolaus reduced their target price on shares of agilon health from $7.00 to $2.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Citigroup upgraded shares of agilon health from a “sell” rating to a “neutral” rating and raised their price objective for the company from $1.75 to $2.25 in a report on Friday. William Blair downgraded agilon health from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Bank of America downgraded agilon health from a “buy” rating to an “underperform” rating and set a $3.00 price target for the company. in a report on Wednesday, October 2nd. Finally, Sanford C. Bernstein initiated coverage on agilon health in a research report on Wednesday, December 11th. They issued a “market perform” rating and a $2.50 target price for the company. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, agilon health currently has an average rating of “Hold” and an average price target of $3.98.

agilon health Stock Performance

The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average price of $2.07 and a two-hundred day moving average price of $3.75. The company has a market capitalization of $997.08 million, a price-to-earnings ratio of -2.57 and a beta of 0.53.

agilon health (NYSE:AGL) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.19). The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.47 billion. agilon health had a negative return on equity of 47.84% and a negative net margin of 6.88%. During the same period in the prior year, the business earned ($0.06) earnings per share. As a group, analysts forecast that agilon health, inc. will post -0.52 EPS for the current fiscal year.

Insider Activity

In other news, Director Karen Mcloughlin acquired 25,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $2.20 per share, for a total transaction of $55,000.00. Following the acquisition, the director now directly owns 73,166 shares in the company, valued at approximately $160,965.20. This represents a 51.90 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Diana Mckenzie bought 12,500 shares of agilon health stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average price of $2.28 per share, for a total transaction of $28,500.00. Following the acquisition, the director now directly owns 51,319 shares of the company’s stock, valued at $117,007.32. The trade was a 32.20 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 90,000 shares of company stock valued at $198,100 over the last quarter. Company insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On agilon health

A number of large investors have recently modified their holdings of the company. Arizona State Retirement System increased its position in agilon health by 2.5% during the 2nd quarter. Arizona State Retirement System now owns 85,989 shares of the company’s stock worth $562,000 after purchasing an additional 2,070 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in agilon health during the third quarter worth approximately $28,000. Wedbush Securities Inc. increased its position in shares of agilon health by 72.6% in the second quarter. Wedbush Securities Inc. now owns 20,710 shares of the company’s stock worth $135,000 after acquiring an additional 8,710 shares in the last quarter. AGF Management Ltd. raised its stake in shares of agilon health by 3.3% in the 2nd quarter. AGF Management Ltd. now owns 381,915 shares of the company’s stock valued at $2,498,000 after acquiring an additional 12,063 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of agilon health by 42.4% during the 2nd quarter. Principal Financial Group Inc. now owns 41,675 shares of the company’s stock valued at $273,000 after acquiring an additional 12,411 shares in the last quarter.

About agilon health

agilon health, inc. provides healthcare services for seniors through primary care physicians in the communities of the United States. It offers a platform that manages the total healthcare needs of the patients by subscription-like per-member per-month. The company was formerly known as Agilon Health Topco, Inc and changed its name to agilon health, inc.