agilon health (NYSE:AGL) Trading Down 4.3% – Here’s Why

agilon health, inc. (NYSE:AGL)’s share price dropped 4.3% during trading on Tuesday . The stock traded as low as $2.16 and last traded at $2.20. Approximately 166,289 shares changed hands during trading, a decline of 97% from the average daily volume of 4,903,755 shares. The stock had previously closed at $2.30.

Analyst Ratings Changes

AGL has been the subject of a number of recent research reports. JMP Securities downgraded agilon health from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Benchmark reaffirmed a “buy” rating and issued a $9.00 price objective on shares of agilon health in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of agilon health from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Barclays decreased their price objective on agilon health from $5.00 to $2.00 and set an “underweight” rating on the stock in a report on Monday, November 11th. Finally, TD Cowen dropped their target price on agilon health from $6.00 to $2.00 and set a “hold” rating for the company in a report on Monday, November 11th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, agilon health currently has a consensus rating of “Hold” and an average price target of $6.05.

agilon health Stock Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $889.96 million, a P/E ratio of -2.29 and a beta of 0.52. The business has a 50-day moving average price of $2.73 and a 200 day moving average price of $4.63.

agilon health (NYSE:AGL) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.19). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.47 billion. agilon health had a negative net margin of 6.88% and a negative return on equity of 47.84%. During the same quarter in the previous year, the business earned ($0.06) earnings per share. As a group, sell-side analysts forecast that agilon health, inc. will post -0.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Steven Sell bought 20,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average cost of $3.36 per share, for a total transaction of $67,200.00. Following the purchase, the chief executive officer now owns 67,590 shares in the company, valued at approximately $227,102.40. This represents a 42.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On agilon health

A number of institutional investors and hedge funds have recently made changes to their positions in the business. J.Safra Asset Management Corp increased its stake in shares of agilon health by 626.1% in the 2nd quarter. J.Safra Asset Management Corp now owns 4,204 shares of the company’s stock worth $27,000 after purchasing an additional 3,625 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of agilon health during the 3rd quarter valued at $28,000. City State Bank bought a new position in shares of agilon health in the third quarter worth about $52,000. CWM LLC lifted its holdings in shares of agilon health by 406.5% in the second quarter. CWM LLC now owns 9,081 shares of the company’s stock worth $59,000 after buying an additional 7,288 shares in the last quarter. Finally, Nisa Investment Advisors LLC bought a new position in shares of agilon health during the 2nd quarter valued at approximately $60,000.

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.