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

agilon health, inc. (NYSE:AGL)’s share price fell 7.5% during mid-day trading on Friday . The company traded as low as $3.38 and last traded at $3.27. 1,670,998 shares changed hands during trading, a decline of 63% from the average session volume of 4,544,696 shares. The stock had previously closed at $3.53.

Analysts Set New Price Targets

A number of research firms have issued reports on AGL. Citigroup upgraded shares of agilon health from a “sell” rating to a “neutral” rating and increased their target price for the stock from $1.75 to $2.25 in a report on Friday, January 10th. Needham & Company LLC reissued a “hold” rating on shares of agilon health in a research report on Wednesday, February 26th. Macquarie assumed coverage on shares of agilon health in a research report on Monday, December 16th. They issued a “neutral” rating and a $3.00 price objective on the stock. Royal Bank of Canada increased their price objective on shares of agilon health from $3.00 to $3.50 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Finally, JMP Securities downgraded shares of agilon health from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Two research 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. According to MarketBeat.com, agilon health currently has an average rating of “Hold” and a consensus price target 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 moving average is $3.11 and its 200 day moving average is $2.96. The stock has a market capitalization of $1.44 billion, a PE ratio of -3.72 and a beta of 0.67.

Insider Activity at agilon health

In other agilon health news, Director Karen Mcloughlin acquired 25,000 shares of the stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $2.20 per share, with a total value of $55,000.00. Following the transaction, the director now owns 73,166 shares of the company’s stock, valued at approximately $160,965.20. This trade represents a 51.90 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.20% of the company’s stock.

Institutional Trading of agilon health

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake 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 period. Capital International Investors lifted its stake in shares of agilon health by 72.0% in the 4th 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 during the period. State Street Corp lifted its stake in shares of agilon health by 3.0% in the 3rd quarter. State Street Corp now owns 7,449,706 shares of the company’s stock worth $29,277,000 after acquiring an additional 215,733 shares during the period. Millennium Management LLC lifted 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 valued at $13,704,000 after purchasing an additional 4,706,357 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of agilon health by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 6,928,724 shares of the company’s stock valued at $13,168,000 after purchasing an additional 35,207 shares during the period.

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.