agilon health (NYSE:AGL) Stock Price Up 7.7% – Here’s What Happened

agilon health, inc. (NYSE:AGL) was up 7.7% during trading on Wednesday . The company traded as high as $3.73 and last traded at $3.71. Approximately 2,453,323 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 5,095,948 shares. The stock had previously closed at $3.44.

Wall Street Analyst Weigh In

A number of research analysts have commented on AGL shares. JMP Securities cut shares of agilon health from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. TD Cowen decreased their target price on shares of agilon health from $6.00 to $2.00 and set a “hold” rating on the stock in a research report on Monday, November 11th. William Blair cut shares of agilon health from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Barclays decreased their target price 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. Finally, Citigroup raised shares of agilon health from a “sell” rating to a “neutral” rating and increased their price target for the stock from $1.75 to $2.25 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.03.

agilon health Stock Up 4.2 %

The stock has a market capitalization of $1.48 billion, a PE ratio of -3.82 and a beta of 0.67. The firm has a 50 day moving average of $2.74 and a two-hundred day moving average of $3.12. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06.

Insider Activity at agilon health

In related news, Director Karen Mcloughlin purchased 25,000 shares of the company’s 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 transaction, the director now owns 73,166 shares of the company’s stock, valued at approximately $160,965.20. This represents a 51.90 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John William Wulf acquired 45,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of $2.18 per share, for a total transaction of $98,100.00. Following the acquisition, the director now directly owns 206,133 shares of the company’s stock, valued at approximately $449,369.94. The trade was a 27.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 90,000 shares of company stock valued at $198,100 in the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On agilon health

Several hedge funds have recently made changes to their positions in AGL. SG Americas Securities LLC acquired a new stake in shares of agilon health during the third quarter worth $92,000. Los Angeles Capital Management LLC acquired a new stake in shares of agilon health during the third quarter worth $513,000. Aigen Investment Management LP acquired a new stake in shares of agilon health during the third quarter worth $79,000. Simplify Asset Management Inc. boosted its holdings in shares of agilon health by 67.5% during the third quarter. Simplify Asset Management Inc. now owns 168,696 shares of the company’s stock worth $663,000 after purchasing an additional 67,968 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of agilon health during the third quarter worth $228,000.

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.