Keybank National Association OH Invests $191,000 in Cano Health, Inc. (NYSE:CANO)

Keybank National Association OH bought a new position in Cano Health, Inc. (NYSE:CANOGet Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 30,000 shares of the company’s stock, valued at approximately $191,000.

Several other institutional investors have also made changes to their positions in the company. Samlyn Capital LLC boosted its holdings in shares of Cano Health by 328.8% during the fourth quarter. Samlyn Capital LLC now owns 4,988,187 shares of the company’s stock worth $44,444,000 after purchasing an additional 3,824,905 shares during the period. Owl Creek Asset Management L.P. boosted its holdings in shares of Cano Health by 29.2% during the fourth quarter. Owl Creek Asset Management L.P. now owns 4,869,804 shares of the company’s stock worth $43,390,000 after purchasing an additional 1,101,800 shares during the period. Capital World Investors boosted its holdings in shares of Cano Health by 12.3% during the fourth quarter. Capital World Investors now owns 9,596,818 shares of the company’s stock worth $85,508,000 after purchasing an additional 1,049,528 shares during the period. Transcend Capital Advisors LLC acquired a new stake in shares of Cano Health during the first quarter worth approximately $2,544,000. Finally, Swiss National Bank acquired a new stake in shares of Cano Health during the fourth quarter worth approximately $3,418,000. 37.64% of the stock is owned by hedge funds and other institutional investors.

Cano Health Stock Up 0.5 %

Shares of NYSE:CANO opened at $6.53 on Friday. Cano Health, Inc. has a 52 week low of $3.81 and a 52 week high of $15.58. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.04 and a current ratio of 2.04. The company’s fifty day moving average is $5.32 and its 200-day moving average is $5.67. The company has a market capitalization of $3.16 billion, a PE ratio of -23.32 and a beta of 1.24.

Cano Health (NYSE:CANOGet Rating) last issued its earnings results on Monday, May 9th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.03. Cano Health had a negative net margin of 0.55% and a negative return on equity of 6.66%. The company had revenue of $704.34 million for the quarter, compared to the consensus estimate of $676.10 million. Equities research analysts predict that Cano Health, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on CANO. UBS Group reduced their target price on shares of Cano Health to $14.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. Cowen reduced their target price on shares of Cano Health from $13.00 to $10.00 in a research note on Tuesday, May 10th. Piper Sandler reduced their price objective on shares of Cano Health from $5.00 to $4.00 in a research note on Tuesday, May 10th. Bank of America cut shares of Cano Health from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $8.00 to $6.00 in a research note on Wednesday, June 15th. Finally, Citigroup reduced their price objective on shares of Cano Health from $10.00 to $8.00 in a research note on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Cano Health presently has a consensus rating of “Moderate Buy” and an average target price of $10.90.

About Cano Health

(Get Rating)

Cano Health, Inc provides primary care medical services to its members in the United States and Puerto Rico. It owns and operates medical centers enabled by CanoPanorama, a proprietary population health management technology-powered platform that provides the healthcare providers at its medical centers with a 360-degree view of their members with actionable insights to improve care decisions and member engagement.

Further Reading

Want to see what other hedge funds are holding CANO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cano Health, Inc. (NYSE:CANOGet Rating).

Institutional Ownership by Quarter for Cano Health (NYSE:CANO)

Receive News & Ratings for Cano Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cano Health and related companies with MarketBeat.com's FREE daily email newsletter.