Capital International Investors Boosts Stock Position in agilon health, inc. (NYSE:AGL)

Capital International Investors boosted its position in shares of agilon health, inc. (NYSE:AGL) by 84.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,197,932 shares of the company’s stock after acquiring an additional 9,263,296 shares during the quarter. Capital International Investors owned 4.91% of agilon health worth $123,207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Capital World Investors lifted its stake in agilon health by 7.4% in the fourth quarter. Capital World Investors now owns 55,218,496 shares of the company’s stock worth $692,992,000 after acquiring an additional 3,813,214 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in agilon health by 46.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,139,886 shares of the company’s stock valued at $127,256,000 after purchasing an additional 3,195,087 shares in the last quarter. Norges Bank purchased a new position in agilon health in the fourth quarter valued at approximately $27,902,000. Wellington Management Group LLP raised its holdings in agilon health by 2.9% during the fourth quarter. Wellington Management Group LLP now owns 42,510,030 shares of the company’s stock worth $533,501,000 after purchasing an additional 1,191,253 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of agilon health in the 1st quarter valued at $2,975,000.

agilon health Stock Performance

Shares of NYSE:AGL traded up $0.14 during midday trading on Friday, hitting $6.89. The stock had a trading volume of 2,552,299 shares, compared to its average volume of 5,761,032. The stock has a 50 day moving average price of $6.42 and a two-hundred day moving average price of $6.06. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.04. agilon health, inc. has a 1 year low of $4.41 and a 1 year high of $21.52.

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

Wall Street Analyst Weigh In

AGL has been the subject of a number of research reports. Evercore ISI upped their price objective on shares of agilon health from $5.50 to $7.00 and gave the company an “in-line” rating in a research note on Tuesday, July 9th. Baird R W upgraded shares of agilon health to a “hold” rating in a research report on Thursday, May 30th. Truist Financial lifted their target price on shares of agilon health from $6.40 to $6.50 and gave the company a “hold” rating in a report on Friday, May 24th. Stifel Nicolaus lowered their price objective on shares of agilon health from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. Finally, Robert W. Baird initiated coverage on shares of agilon health in a report on Thursday, May 30th. They issued a “neutral” rating and a $6.00 target price for the company. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9.10.

About agilon health

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.