Agilon Health Sees Unusually High Options Volume (NYSE:AGL)

Agilon Health, Inc. (NYSE:AGL) was the target of unusually large options trading activity on Tuesday. Traders bought 3,810 call options on the company. This is an increase of 187% compared to the typical daily volume of 1,328 call options.

Agilon Health Stock Performance

Agilon Health stock opened at $2.17 on Thursday. Agilon Health has a 1 year low of $1.50 and a 1 year high of $7.73. The firm’s 50-day moving average is $3.17 and its 200-day moving average is $3.20. The company has a market cap of $897.44 million, a P/E ratio of -3.67 and a beta of 0.14.

Agilon Health (NYSE:AGL) last issued its earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. Agilon Health had a negative net margin of 4.04% and a negative return on equity of 45.47%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company posted ($0.02) earnings per share. Agilon Health’s revenue was down 4.5% on a year-over-year basis. As a group, sell-side analysts predict that Agilon Health will post -0.59 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors increased its stake in shares of Agilon Health by 72.0% in the fourth quarter. Capital International Investors now owns 22,331,873 shares of the company’s stock valued at $42,431,000 after purchasing an additional 9,346,295 shares during the period. Millennium Management LLC grew its holdings in Agilon Health by 187.8% in the 4th quarter. Millennium Management LLC now owns 7,212,525 shares of the company’s stock worth $13,704,000 after buying an additional 4,706,357 shares in the last quarter. Nuveen LLC bought a new position in Agilon Health in the 1st quarter worth approximately $17,242,000. Algert Global LLC increased its position in Agilon Health by 1,042.7% in the 4th quarter. Algert Global LLC now owns 2,108,687 shares of the company’s stock valued at $4,007,000 after acquiring an additional 1,924,157 shares during the period. Finally, CenterBook Partners LP bought a new stake in Agilon Health during the 1st quarter valued at $8,315,000.

Analyst Ratings Changes

AGL has been the subject of several recent analyst reports. Sanford C. Bernstein upgraded Agilon Health from a “market perform” rating to an “outperform” rating and raised their target price for the company from $3.30 to $8.50 in a research note on Tuesday, April 8th. Citigroup raised Agilon Health from a “neutral” rating to a “buy” rating and increased their price target for the company from $3.25 to $5.00 in a report on Friday, April 25th. Cowen restated a “hold” rating on shares of Agilon Health in a report on Tuesday, April 15th. Barclays raised their price target on shares of Agilon Health from $2.00 to $3.00 and gave the stock an “underweight” rating in a research report on Thursday, May 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Agilon Health in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.79.

About Agilon Health

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.