agilon health (NYSE:AGL) Trading Up 5%

agilon health, inc. (NYSE:AGL)’s share price shot up 5% during mid-day trading on Wednesday . The stock traded as high as $5.29 and last traded at $5.24. 475,439 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 6,132,534 shares. The stock had previously closed at $4.99.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wolfe Research cut shares of agilon health from an “outperform” rating to a “peer perform” rating in a report on Monday, January 8th. Leerink Partnrs lowered agilon health from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. Barclays initiated coverage on agilon health in a report on Wednesday, March 6th. They set an “underweight” rating and a $5.00 price target on the stock. Stifel Nicolaus decreased their target price on agilon health from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, February 22nd. Finally, SVB Leerink cut shares of agilon health from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.73.

agilon health Trading Up 6.4 %

The stock’s 50-day simple moving average is $6.09 and its two-hundred day simple moving average is $11.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $2.50 billion, a P/E ratio of -9.38 and a beta of 0.49.

agilon health (NYSE:AGL) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.13). agilon health had a negative net margin of 5.76% and a negative return on equity of 21.74%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business earned ($0.14) earnings per share. agilon health’s revenue was up 71.8% compared to the same quarter last year. Equities research analysts expect that agilon health, inc. will post -0.35 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in agilon health by 8.3% during the third quarter. Wellington Management Group LLP now owns 41,318,777 shares of the company’s stock valued at $733,821,000 after acquiring an additional 3,162,094 shares in the last quarter. California Public Employees Retirement System boosted its stake in agilon health by 27.7% during the third quarter. California Public Employees Retirement System now owns 413,987 shares of the company’s stock valued at $7,352,000 after buying an additional 89,728 shares during the last quarter. Renaissance Technologies LLC boosted its stake in agilon health by 4,617.7% during the second quarter. Renaissance Technologies LLC now owns 1,679,500 shares of the company’s stock valued at $29,123,000 after buying an additional 1,643,900 shares during the last quarter. Morgan Stanley grew its holdings in agilon health by 8.9% during the 3rd quarter. Morgan Stanley now owns 44,819,378 shares of the company’s stock valued at $795,992,000 after buying an additional 3,674,311 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in agilon health by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,796,884 shares of the company’s stock worth $31,913,000 after acquiring an additional 70,443 shares during the last quarter.

agilon health Company Profile

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.