Quarry LP Boosts Stock Holdings in agilon health, inc. (NYSE:AGL)

Quarry LP increased its stake in agilon health, inc. (NYSE:AGL) by 500.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 18,254 shares of the company’s stock after buying an additional 15,213 shares during the quarter. Quarry LP’s holdings in agilon health were worth $119,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AGL. Bank of Nova Scotia bought a new stake in shares of agilon health during the fourth quarter valued at about $305,000. Capital International Investors boosted its stake in agilon health by 16.2% in the fourth quarter. Capital International Investors now owns 10,934,636 shares of the company’s stock worth $137,230,000 after buying an additional 1,521,995 shares in the last quarter. Capital World Investors boosted its stake in agilon health by 7.4% in the fourth quarter. Capital World Investors now owns 55,218,496 shares of the company’s stock worth $692,992,000 after buying an additional 3,813,214 shares in the last quarter. Caas Capital Management LP purchased a new stake in agilon health in the fourth quarter worth approximately $151,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in agilon health by 46.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,139,886 shares of the company’s stock worth $127,256,000 after buying an additional 3,195,087 shares in the last quarter.

agilon health Price Performance

Shares of NYSE AGL opened at $3.67 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -5.24 and a beta of 0.54. The firm’s 50 day simple moving average is $4.71 and its 200-day simple moving average is $5.43. agilon health, inc. has a 12 month low of $3.07 and a 12 month high of $20.37.

agilon health (NYSE:AGL) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.56 billion. agilon health had a negative net margin of 5.57% and a negative return on equity of 29.91%. agilon health’s revenue was up 38.7% compared to the same quarter last year. During the same period last year, the business earned ($0.04) earnings per share. Analysts expect that agilon health, inc. will post -0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on agilon health from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Benchmark reiterated a “buy” rating and issued a $9.00 price objective on shares of agilon health in a report on Thursday, August 8th. Evercore ISI increased their price objective on agilon health from $5.50 to $7.00 and gave the stock an “in-line” rating in a report on Tuesday, July 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $8.00 price objective on shares of agilon health in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.57.

Insiders Place Their Bets

In other news, CEO Steven Sell bought 20,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were acquired at an average price of $3.36 per share, for a total transaction of $67,200.00. Following the completion of the transaction, the chief executive officer now owns 67,590 shares of the company’s stock, valued at $227,102.40. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.20% of the stock is owned by company insiders.

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.