Granite Bay Wealth Management LLC Makes New $290,000 Investment in Astrana Health, Inc. (NASDAQ:ASTH)

Granite Bay Wealth Management LLC acquired a new position in shares of Astrana Health, Inc. (NASDAQ:ASTH) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,000 shares of the company’s stock, valued at approximately $290,000.

Separately, Central Pacific Bank Trust Division purchased a new position in shares of Astrana Health in the third quarter valued at $160,000. Institutional investors own 52.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ASTH. Robert W. Baird upped their target price on shares of Astrana Health from $54.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, August 15th. BTIG Research upped their target price on shares of Astrana Health from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus upped their target price on shares of Astrana Health from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Truist Financial upped their target price on shares of Astrana Health from $50.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $61.20.

Astrana Health Trading Up 2.8 %

ASTH opened at $59.48 on Friday. The stock has a market capitalization of $3.33 billion, a PE ratio of 45.06, a P/E/G ratio of 2.15 and a beta of 1.20. The firm’s fifty day moving average price is $50.97 and its 200 day moving average price is $44.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.84 and a quick ratio of 1.84. Astrana Health, Inc. has a 12-month low of $28.86 and a 12-month high of $59.89.

Astrana Health (NASDAQ:ASTH) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The firm had revenue of $486.30 million for the quarter, compared to analysts’ expectations of $440.68 million. Astrana Health had a net margin of 4.30% and a return on equity of 10.71%. The firm’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. As a group, research analysts expect that Astrana Health, Inc. will post 1.33 EPS for the current fiscal year.

Astrana Health Profile

Astrana Health, Inc, Inc, a physician-centric technology-powered healthcare management company, provides medical care services in the United States. It operates through three segments: Care Partners, Care Delivery, and Care Enablement. The company is leveraging its proprietary population health management and healthcare delivery platform, operates an integrated, value-based healthcare model which empowers the providers in its network to deliver care to its patients.