agilon health (NYSE:AGL) Sees Strong Trading Volume – Here’s What Happened

Shares of agilon health, inc. (NYSE:AGL) saw unusually-strong trading volume on Tuesday . Approximately 6,150,804 shares traded hands during trading, an increase of 27% from the previous session’s volume of 4,856,478 shares.The stock last traded at $3.45 and had previously closed at $3.42.

Analysts Set New Price Targets

A number of brokerages have issued reports on AGL. Macquarie assumed coverage on shares of agilon health in a report on Monday, December 16th. They issued a “neutral” rating and a $3.00 price target on the stock. Needham & Company LLC initiated coverage on shares of agilon health in a report on Friday, January 10th. They set a “hold” rating for the company. William Blair downgraded agilon health from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. TD Cowen dropped their price objective on agilon health from $6.00 to $2.00 and set a “hold” rating for the company in a report on Monday, November 11th. Finally, Barclays cut their price objective on agilon health from $5.00 to $2.00 and set an “underweight” rating on the stock in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, agilon health presently has a consensus rating of “Hold” and a consensus price target of $4.03.

agilon health Trading Up 0.8 %

The stock’s fifty day simple moving average is $2.74 and its two-hundred day simple moving average is $3.12. The firm has a market cap of $1.42 billion, a PE ratio of -3.67 and a beta of 0.67. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.06.

Insider Transactions at agilon health

In related news, Director Diana Mckenzie bought 12,500 shares of the company’s stock in a transaction on Monday, November 25th. The shares were acquired at an average cost of $2.28 per share, with a total value of $28,500.00. Following the completion of the acquisition, the director now owns 51,319 shares of the company’s stock, valued at $117,007.32. The trade was a 32.20 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Karen Mcloughlin purchased 25,000 shares of agilon health stock in a transaction dated Friday, December 13th. The shares were 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 directly owns 73,166 shares of the company’s stock, valued at approximately $160,965.20. This represents a 51.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 90,000 shares of company stock valued at $198,100 in the last ninety days. 3.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On agilon health

Institutional investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in agilon health in the 3rd quarter valued at approximately $28,000. Oak Thistle LLC purchased a new stake in agilon health during the 4th quarter valued at $25,000. Ieq Capital LLC bought a new position in shares of agilon health during the 4th quarter valued at $26,000. Signaturefd LLC grew its holdings in shares of agilon health by 143.0% in the fourth quarter. Signaturefd LLC now owns 14,388 shares of the company’s stock worth $27,000 after acquiring an additional 8,467 shares during the period. Finally, Humankind Investments LLC purchased a new stake in agilon health during the fourth quarter valued at $30,000.

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.