agilon health, inc. (NYSE:AGL) Short Interest Up 5.9% in July

agilon health, inc. (NYSE:AGL) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 45,860,000 shares, a growth of 5.9% from the June 30th total of 43,310,000 shares. Based on an average trading volume of 4,450,000 shares, the days-to-cover ratio is presently 10.3 days. Approximately 15.2% of the shares of the stock are short sold.

Institutional Trading of agilon health

A number of hedge funds have recently modified their holdings of AGL. Capital International Investors raised its stake in agilon health by 16.2% during the 4th quarter. Capital International Investors now owns 10,934,636 shares of the company’s stock worth $137,230,000 after buying an additional 1,521,995 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of agilon health by 46.0% during the 4th 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. Vanguard Group Inc. lifted its holdings in shares of agilon health by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 28,576,261 shares of the company’s stock valued at $358,632,000 after purchasing an additional 220,986 shares in the last quarter. Quantbot Technologies LP acquired a new stake in agilon health during the 1st quarter worth approximately $862,000. Finally, Seven Eight Capital LP acquired a new position in shares of agilon health in the first quarter valued at approximately $1,593,000.

Wall Street Analyst Weigh In

AGL has been the topic of several recent analyst reports. Truist Financial boosted their target price on shares of agilon health from $6.40 to $6.50 and gave the company a “hold” rating in a research note on Friday, May 24th. Evercore ISI upped their price objective 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 issued a “neutral” rating and a $6.00 target price for the company. Baird R W upgraded agilon health to a “hold” rating in a research report on Thursday, May 30th. Finally, Stifel Nicolaus cut their price objective on agilon health from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.10.

agilon health Stock Performance

Shares of agilon health stock opened at $6.57 on Friday. The firm has a fifty day moving average of $6.53 and a two-hundred day moving average of $6.03. 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 $2.70 billion, a price-to-earnings ratio of -9.38 and a beta of 0.60. agilon health has a 52 week low of $4.41 and a 52 week 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, beating analysts’ consensus estimates of ($0.02) by $0.03. agilon health had a negative return on equity of 26.15% and a negative net margin of 5.67%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.62 billion. As a group, equities research analysts predict that agilon health will post -0.34 EPS for the current year.

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.