Millennium Management LLC Purchases 4,706,357 Shares of agilon health, inc. (NYSE:AGL)

Millennium Management LLC boosted its position in agilon health, inc. (NYSE:AGL) by 187.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,212,525 shares of the company’s stock after acquiring an additional 4,706,357 shares during the period. Millennium Management LLC owned 1.75% of agilon health worth $13,704,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Inspire Investing LLC lifted its position in agilon health by 106.6% during the 4th quarter. Inspire Investing LLC now owns 217,550 shares of the company’s stock valued at $413,000 after acquiring an additional 112,241 shares during the period. Price T Rowe Associates Inc. MD grew its position in agilon health by 41.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 338,529 shares of the company’s stock valued at $644,000 after buying an additional 98,377 shares during the period. Cerity Partners LLC bought a new stake in agilon health during the fourth quarter valued at approximately $34,000. MetLife Investment Management LLC grew its position in agilon health by 4.0% during the fourth quarter. MetLife Investment Management LLC now owns 174,551 shares of the company’s stock valued at $332,000 after buying an additional 6,762 shares during the period. Finally, Geode Capital Management LLC grew its position in agilon health by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 6,928,724 shares of the company’s stock valued at $13,168,000 after buying an additional 35,207 shares during the period.

agilon health Stock Down 6.0%

Shares of NYSE:AGL opened at $2.21 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $914.83 million, a PE ratio of -2.35 and a beta of 0.38. The firm’s 50-day moving average is $4.04 and its two-hundred day moving average is $3.18. agilon health, inc. has a 1 year low of $1.50 and a 1 year high of $7.73.

agilon health (NYSE:AGL) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.50 billion. agilon health had a negative return on equity of 47.84% and a negative net margin of 6.88%. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) earnings per share. Analysts predict that agilon health, inc. will post -0.59 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on AGL shares. Barclays lifted their price target on shares of agilon health from $2.00 to $3.00 and gave the company an “underweight” rating in a report on Thursday, May 8th. Royal Bank of Canada lifted their price target on shares of agilon health from $3.00 to $3.50 and gave the company an “outperform” rating in a report on Wednesday, February 26th. JMP Securities reaffirmed a “market perform” rating on shares of agilon health in a report on Monday, April 28th. Cowen reaffirmed a “hold” rating on shares of agilon health in a report on Tuesday, April 15th. Finally, Stifel Nicolaus lifted their price target on shares of agilon health from $2.00 to $3.00 and gave the company a “hold” rating in a report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.90.

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.