agilon health (NYSE:AGL) Trading Up 6.1%

agilon health, inc. (NYSE:AGL)’s stock price traded up 6.1% during mid-day trading on Tuesday . The company traded as high as $7.37 and last traded at $7.35. 328,450 shares traded hands during trading, a decline of 94% from the average session volume of 5,117,585 shares. The stock had previously closed at $6.93.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Baird R W upgraded shares of agilon health to a “hold” rating in a research note on Thursday, May 30th. Truist Financial boosted their price target on shares of agilon health from $6.40 to $6.50 and gave the stock a “hold” rating in a research note on Friday, May 24th. Evercore ISI boosted their price target on shares of agilon health from $5.50 to $7.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 9th. Robert W. Baird assumed coverage on shares of agilon health in a research note on Thursday, May 30th. They set a “neutral” rating and a $6.00 price target on the stock. Finally, Stifel Nicolaus cut their price target on shares of agilon health from $8.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, agilon health presently has an average rating of “Hold” and an average price target of $9.10.

agilon health Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.33 and a quick ratio of 1.33. The company has a 50 day moving average price of $6.53 and a 200 day moving average price of $6.03. The firm has a market cap of $2.70 billion, a PE ratio of -9.38 and a beta of 0.60.

agilon health (NYSE:AGL) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The business 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%. Sell-side analysts expect that agilon health, inc. will post -0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AGL. Capital World Investors increased its position in shares of agilon health by 7.4% in the fourth quarter. Capital World Investors now owns 55,218,496 shares of the company’s stock valued at $692,992,000 after buying an additional 3,813,214 shares in the last quarter. Wellington Management Group LLP increased its position in shares of agilon health by 2.9% in the fourth quarter. Wellington Management Group LLP now owns 42,510,030 shares of the company’s stock valued at $533,501,000 after buying an additional 1,191,253 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of agilon health by 1.3% during the first quarter. Vanguard Group Inc. now owns 28,947,798 shares of the company’s stock valued at $176,582,000 after acquiring an additional 371,537 shares during the last quarter. Capital International Investors boosted its stake in shares of agilon health by 84.7% during the first quarter. Capital International Investors now owns 20,197,932 shares of the company’s stock valued at $123,207,000 after acquiring an additional 9,263,296 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of agilon health by 46.0% during 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 acquiring an additional 3,195,087 shares during the last quarter.

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.