California Public Employees Retirement System Reduces Stock Position in agilon health, inc. (NYSE:AGL)

California Public Employees Retirement System cut its stake in agilon health, inc. (NYSE:AGL) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 402,879 shares of the company’s stock after selling 11,108 shares during the quarter. California Public Employees Retirement System owned about 0.10% of agilon health worth $5,056,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AGL. CWM LLC grew its holdings in agilon health by 83.7% during the 3rd quarter. CWM LLC now owns 1,585 shares of the company’s stock valued at $28,000 after buying an additional 722 shares in the last quarter. Signaturefd LLC grew its stake in agilon health by 73.7% during the third quarter. Signaturefd LLC now owns 1,673 shares of the company’s stock valued at $30,000 after acquiring an additional 710 shares in the last quarter. Van ECK Associates Corp grew its stake in agilon health by 164.7% during the third quarter. Van ECK Associates Corp now owns 4,111 shares of the company’s stock valued at $73,000 after acquiring an additional 2,558 shares in the last quarter. Covestor Ltd increased its holdings in agilon health by 1,439.6% during the 3rd quarter. Covestor Ltd now owns 5,912 shares of the company’s stock worth $105,000 after acquiring an additional 5,528 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in agilon health by 128.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,820 shares of the company’s stock worth $121,000 after purchasing an additional 3,837 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AGL shares. Barclays initiated coverage on shares of agilon health in a report on Wednesday, March 6th. They issued an “underweight” rating and a $5.00 price target on the stock. Leerink Partnrs cut agilon health from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. Truist Financial cut their price objective on agilon health from $10.00 to $7.50 and set a “hold” rating for the company in a report on Thursday, February 29th. Wolfe Research downgraded shares of agilon health from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 8th. Finally, Citigroup initiated coverage on shares of agilon health in a research report on Monday, April 22nd. They set a “neutral” rating and a $6.00 target price for the company. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.32.

agilon health Price Performance

Shares of agilon health stock opened at $4.83 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.51 and a quick ratio of 1.51. agilon health, inc. has a one year low of $4.41 and a one year high of $26.75. The business’s 50 day simple moving average is $5.41 and its two-hundred day simple moving average is $9.04. The stock has a market capitalization of $1.99 billion, a P/E ratio of -7.43 and a beta of 0.52.

agilon health (NYSE:AGL) last issued its earnings results on Tuesday, February 27th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.13). The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. agilon health had a negative return on equity of 21.74% and a negative net margin of 5.76%. The firm’s quarterly revenue was up 71.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.14) earnings per share. Analysts forecast that agilon health, inc. will post -0.33 EPS for the current year.

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.