Simplify Asset Management Inc. Takes $659,000 Position in agilon health, inc. (NYSE:AGL)

Simplify Asset Management Inc. bought a new position in shares of agilon health, inc. (NYSE:AGL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 100,728 shares of the company’s stock, valued at approximately $659,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in shares of agilon health by 22.7% in the fourth quarter. Victory Capital Management Inc. now owns 40,466 shares of the company’s stock worth $508,000 after acquiring an additional 7,490 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in agilon health by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,846,642 shares of the company’s stock worth $23,175,000 after acquiring an additional 49,758 shares in the last quarter. Norges Bank acquired a new stake in shares of agilon health during the fourth quarter worth approximately $27,902,000. Dynamic Technology Lab Private Ltd purchased a new stake in agilon health in the 4th quarter worth approximately $526,000. Finally, Quest Partners LLC acquired a new stake in shares of agilon health during the 4th quarter valued at $45,000.

agilon health Stock Performance

Shares of agilon health stock opened at $3.86 on Friday. agilon health, inc. has a 52 week low of $3.07 and a 52 week high of $20.37. The firm has a fifty day moving average of $5.26 and a two-hundred day moving average of $5.55. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of -5.51 and a beta of 0.54.

agilon health (NYSE:AGL) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.56 billion. agilon health had a negative net margin of 5.57% and a negative return on equity of 29.91%. The firm’s revenue was up 38.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. As a group, equities research analysts predict that agilon health, inc. will post -0.32 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AGL. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $8.00 target price on shares of agilon health in a research report on Wednesday, August 7th. Evercore ISI raised their target price on agilon health from $5.50 to $7.00 and gave the company an “in-line” rating in a report on Tuesday, July 9th. Robert W. Baird assumed coverage on agilon health in a report on Thursday, May 30th. They issued a “neutral” rating and a $6.00 target price for the company. Benchmark reissued a “buy” rating and issued a $9.00 price target on shares of agilon health in a research report on Thursday, August 8th. Finally, Baird R W raised agilon health to a “hold” rating in a research report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.57.

Insider Transactions at agilon health

In other news, CEO Steven Sell bought 20,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average cost of $3.36 per share, for a total transaction of $67,200.00. Following the completion of the acquisition, the chief executive officer now owns 67,590 shares in the company, valued at $227,102.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.20% of the company’s stock.

agilon health 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.