agilon health (NYSE:AGL) Trading 3.3% Higher

agilon health, inc. (NYSE:AGL) traded up 3.3% during trading on Tuesday . The company traded as high as $6.87 and last traded at $6.87. 38,553 shares were traded during trading, a decline of 99% from the average session volume of 5,101,800 shares. The stock had previously closed at $6.65.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Truist Financial upped their price target on agilon health from $6.40 to $6.50 and gave the company a “hold” rating in a research report on Friday, May 24th. Baird R W upgraded agilon health to a “hold” rating in a research note on Thursday, May 30th. Benchmark decreased their price objective on agilon health from $13.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Stifel Nicolaus decreased their price objective on agilon health from $8.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, May 1st. Finally, Citigroup initiated coverage on agilon health in a research note on Monday, April 22nd. They set a “neutral” rating and a $6.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, agilon health currently has a consensus rating of “Hold” and an average target price of $9.03.

agilon health Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $2.77 billion, a P/E ratio of -9.63 and a beta of 0.59. The firm has a 50-day moving average price of $5.67 and a 200 day moving average price of $7.07.

agilon health (NYSE:AGL) last issued its earnings results on Tuesday, May 7th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.62 billion. agilon health had a negative return on equity of 26.15% and a negative net margin of 5.67%. On average, analysts expect that agilon health, inc. will post -0.34 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of agilon health by 8.3% in the 3rd quarter. Wellington Management Group LLP now owns 41,318,777 shares of the company’s stock valued at $733,821,000 after purchasing an additional 3,162,094 shares during the period. Morgan Stanley increased its holdings in shares of agilon health by 8.9% in the 3rd quarter. Morgan Stanley now owns 44,819,378 shares of the company’s stock worth $795,992,000 after purchasing an additional 3,674,311 shares in the last quarter. Capital International Investors increased its holdings in shares of agilon health by 16.2% in the 4th quarter. Capital International Investors now owns 10,934,636 shares of the company’s stock worth $137,230,000 after purchasing an additional 1,521,995 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of agilon health by 46.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,139,886 shares of the company’s stock worth $127,256,000 after purchasing an additional 3,195,087 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of agilon health by 222.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 23,660 shares of the company’s stock worth $420,000 after purchasing an additional 16,324 shares in 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.