agilon health (NYSE:AGL) Stock Price Up 8.8% – Here’s Why

agilon health, inc. (NYSE:AGL) was up 8.8% on Tuesday . The company traded as high as $3.91 and last traded at $3.89. Approximately 5,330,191 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 4,583,511 shares. The stock had previously closed at $3.57.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AGL shares. JMP Securities lowered shares of agilon health from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Barclays lowered their price objective on shares of agilon health from $5.00 to $2.00 and set an “underweight” rating on the stock in a research report on Monday, November 11th. Stifel Nicolaus increased their target price on shares of agilon health from $2.00 to $3.00 and gave the stock a “hold” rating in a research note on Wednesday, February 26th. TD Cowen lowered their price target on agilon health from $6.00 to $2.00 and set a “hold” rating on the stock in a report on Monday, November 11th. Finally, Macquarie initiated coverage on agilon health in a research note on Monday, December 16th. They set a “neutral” rating and a $3.00 price objective for the company. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $3.95.

agilon health Trading Up 8.3 %

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 business has a 50 day moving average price of $3.14 and a 200-day moving average price of $2.94. The firm has a market capitalization of $1.59 billion, a PE ratio of -4.11 and a beta of 0.67.

Insider Buying and Selling

In other agilon health news, Director Karen Mcloughlin bought 25,000 shares of agilon health stock in a transaction on Friday, December 13th. The stock was bought at an average price of $2.20 per share, with a total value of $55,000.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On agilon health

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in agilon health by 326.4% during the third quarter. JPMorgan Chase & Co. now owns 1,415,419 shares of the company’s stock worth $5,563,000 after buying an additional 1,083,492 shares in the last quarter. Inspire Investing LLC lifted its position in shares of agilon health by 106.6% during the 4th quarter. Inspire Investing LLC now owns 217,550 shares of the company’s stock valued at $413,000 after acquiring an additional 112,241 shares during the period. Citigroup Inc. boosted its stake in shares of agilon health by 2,251.5% during the 3rd 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. Geode Capital Management LLC grew its holdings in shares of agilon health by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 6,893,517 shares of the company’s stock worth $27,097,000 after acquiring an additional 84,889 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of agilon health in the 4th quarter worth approximately $97,000.

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.