agilon health (NYSE:AGL) Trading 8.5% Higher – Here’s What Happened

agilon health, inc. (NYSE:AGL) shares traded up 8.5% during trading on Friday . The company traded as high as $4.49 and last traded at $4.45. 1,325,562 shares changed hands during trading, a decline of 71% from the average session volume of 4,606,922 shares. The stock had previously closed at $4.10.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Macquarie started coverage on agilon health in a research note on Monday, December 16th. They set a “neutral” rating and a $3.00 target price on the stock. Needham & Company LLC restated a “hold” rating on shares of agilon health in a report on Friday. Royal Bank of Canada increased their price objective on agilon health from $3.00 to $3.50 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Sanford C. Bernstein increased their price objective on agilon health from $2.50 to $3.15 and gave the company a “market perform” rating in a report on Wednesday, January 15th. Finally, Citigroup raised agilon health from a “sell” rating to a “neutral” rating and upped their target price for the company from $1.75 to $2.25 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $3.95.

agilon health Price 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’s 50 day simple moving average is $3.47 and its two-hundred day simple moving average is $2.95. The firm has a market capitalization of $1.80 billion, a PE ratio of -4.63 and a beta of 0.67.

Institutional Trading of agilon health

Institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors grew its stake in shares of agilon health by 72.0% in the fourth quarter. Capital International Investors now owns 22,331,873 shares of the company’s stock worth $42,431,000 after acquiring an additional 9,346,295 shares in the last quarter. Millennium Management LLC grew its stake in shares of agilon health by 187.8% in the fourth quarter. Millennium Management LLC now owns 7,212,525 shares of the company’s stock worth $13,704,000 after acquiring an additional 4,706,357 shares in the last quarter. Citigroup Inc. grew its stake in shares of agilon health by 2,251.5% in the third quarter. Citigroup Inc. now owns 2,028,246 shares of the company’s stock worth $7,971,000 after acquiring an additional 1,941,993 shares in the last quarter. Algert Global LLC grew its stake in shares of agilon health by 1,042.7% in the fourth quarter. Algert Global LLC now owns 2,108,687 shares of the company’s stock worth $4,007,000 after acquiring an additional 1,924,157 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of agilon health by 49.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,541,549 shares of the company’s stock worth $8,629,000 after acquiring an additional 1,498,524 shares in 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.