agilon health (NYSE:AGL) Shares Down 1.2% – Here’s Why

agilon health, inc. (NYSE:AGL) fell 1.2% during mid-day trading on Wednesday . The company traded as low as $5.09 and last traded at $5.30. 7,028,052 shares changed hands during mid-day trading, an increase of 49% from the average session volume of 4,705,558 shares. The stock had previously closed at $5.36.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein upgraded shares of agilon health from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $3.30 to $8.50 in a research note on Tuesday. Citigroup raised agilon health from a “sell” rating to a “neutral” rating and raised their price target for the company from $1.75 to $2.25 in a report on Friday, January 10th. Royal Bank of Canada upped their price objective on agilon health from $3.00 to $3.50 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a “hold” rating on shares of agilon health in a research report on Friday, March 21st. Finally, Stifel Nicolaus boosted their price target on agilon health from $2.00 to $3.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.37.

agilon health Stock Up 3.4 %

The business has a 50-day moving average price of $3.99 and a 200 day moving average price of $3.07. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $2.34 billion, a P/E ratio of -6.05 and a beta of 0.38.

Hedge Funds Weigh In On agilon health

Several institutional investors have recently bought and sold shares of AGL. Captrust Financial Advisors raised its position in shares of agilon health by 10.9% during the 4th quarter. Captrust Financial Advisors now owns 35,485 shares of the company’s stock valued at $67,000 after buying an additional 3,494 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in agilon health by 2.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 206,991 shares of the company’s stock valued at $393,000 after purchasing an additional 5,107 shares during the period. MetLife Investment Management LLC lifted its stake in shares of agilon health by 4.0% in the 4th quarter. MetLife Investment Management LLC now owns 174,551 shares of the company’s stock valued at $332,000 after purchasing an additional 6,762 shares during the last quarter. Symphony Financial Services Inc. boosted its holdings in shares of agilon health by 44.3% in the 4th quarter. Symphony Financial Services Inc. now owns 23,000 shares of the company’s stock worth $44,000 after purchasing an additional 7,058 shares during the period. Finally, Signaturefd LLC increased its position in shares of agilon health by 143.0% during the 4th quarter. Signaturefd LLC now owns 14,388 shares of the company’s stock valued at $27,000 after purchasing an additional 8,467 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.