agilon health (NYSE:AGL) Trading Down 7.5% – Time to Sell?

Shares of agilon health, inc. (NYSE:AGL) traded down 7.5% during trading on Friday . The company traded as low as $3.38 and last traded at $3.27. 1,670,998 shares were traded during trading, a decline of 63% from the average session volume of 4,544,696 shares. The stock had previously closed at $3.53.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Barclays cut their target price on shares of agilon health from $5.00 to $2.00 and set an “underweight” rating for the company in a research note on Monday, November 11th. Citigroup raised shares of agilon health from a “sell” rating to a “neutral” rating and upped their price objective for the company from $1.75 to $2.25 in a research note on Friday, January 10th. Macquarie assumed coverage on shares of agilon health in a research note on Monday, December 16th. They set a “neutral” rating and a $3.00 price objective for the company. TD Cowen dropped their price objective on shares of agilon health from $6.00 to $2.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Finally, JMP Securities cut shares of agilon health from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, agilon health presently has a consensus rating of “Hold” and an average price target of $3.95.

agilon health Stock Performance

The firm’s fifty day moving average price is $3.11 and its 200 day moving average price is $2.96. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -3.72 and a beta of 0.67.

Insider Transactions at agilon health

In related news, Director Karen Mcloughlin acquired 25,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $2.20 per share, for a total transaction of $55,000.00. Following the acquisition, the director now owns 73,166 shares in the company, valued at $160,965.20. The trade was a 51.90 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On agilon health

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of agilon health by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 31,112,407 shares of the company’s stock worth $59,114,000 after acquiring an additional 272,787 shares during the last quarter. Capital International Investors lifted its holdings in agilon health by 72.0% during the 4th quarter. Capital International Investors now owns 22,331,873 shares of the company’s stock worth $42,431,000 after buying an additional 9,346,295 shares in the last quarter. State Street Corp lifted its holdings in agilon health by 3.0% during the 3rd quarter. State Street Corp now owns 7,449,706 shares of the company’s stock worth $29,277,000 after buying an additional 215,733 shares in the last quarter. Millennium Management LLC lifted its holdings in agilon health by 187.8% during the 4th quarter. Millennium Management LLC now owns 7,212,525 shares of the company’s stock worth $13,704,000 after buying an additional 4,706,357 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in agilon health by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 6,928,724 shares of the company’s stock worth $13,168,000 after buying an additional 35,207 shares in the last quarter.

agilon health Company 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.