Seven Eight Capital LP Buys Shares of 261,226 agilon health, inc. (NYSE:AGL)

Seven Eight Capital LP acquired a new stake in agilon health, inc. (NYSE:AGL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 261,226 shares of the company’s stock, valued at approximately $1,593,000. Seven Eight Capital LP owned 0.06% of agilon health at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AGL. Capital World Investors raised its holdings in shares of agilon health by 7.4% in the 4th 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 during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of agilon health by 46.0% in 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 buying an additional 3,195,087 shares during the period. Norges Bank purchased a new stake in shares of agilon health in the 4th quarter valued at $27,902,000. Capital International Investors raised its holdings in shares of agilon health by 16.2% in the 4th quarter. Capital International Investors now owns 10,934,636 shares of the company’s stock valued at $137,230,000 after buying an additional 1,521,995 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of agilon health by 2.9% in the 4th 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 during the period.

Wall Street Analysts Forecast Growth

AGL has been the subject of several analyst reports. Robert W. Baird initiated coverage on agilon health in a research note on Thursday, May 30th. They set a “neutral” rating and a $6.00 target price for the company. Baird R W raised agilon health to a “hold” rating in a research note on Thursday, May 30th. Evercore ISI boosted their target price on agilon health from $5.50 to $7.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 9th. Citigroup initiated coverage on agilon health in a research note on Monday, April 22nd. They set a “neutral” rating and a $6.00 target price for the company. Finally, Stifel Nicolaus lowered their target price on agilon health from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.10.

agilon health Stock Performance

AGL stock traded up $0.07 during midday trading on Tuesday, reaching $7.07. The company had a trading volume of 4,733,594 shares, compared to its average volume of 5,225,531. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average price of $6.34 and a 200 day moving average price of $6.07. agilon health, inc. has a fifty-two week low of $4.41 and a fifty-two week high of $21.52. The firm has a market capitalization of $2.91 billion, a PE ratio of -10.09 and a beta of 0.60.

agilon health (NYSE:AGL) last issued its earnings results 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 company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.62 billion. Analysts anticipate that agilon health, inc. will post -0.34 earnings per share for the current year.

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.