OLD Mission Capital LLC bought a new stake in Agiliti, Inc. (NYSE:AGTI – Get Rating) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,393 shares of the company’s stock, valued at approximately $357,000.
Other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in Agiliti by 2.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,737,315 shares of the company’s stock valued at $36,657,000 after purchasing an additional 34,230 shares during the period. Swiss National Bank grew its holdings in Agiliti by 7.7% in the first quarter. Swiss National Bank now owns 77,300 shares of the company’s stock valued at $1,631,000 after purchasing an additional 5,500 shares during the period. Sectoral Asset Management Inc. grew its holdings in Agiliti by 6.6% in the first quarter. Sectoral Asset Management Inc. now owns 479,647 shares of the company’s stock valued at $10,121,000 after purchasing an additional 29,900 shares during the period. Hood River Capital Management LLC purchased a new stake in Agiliti during the first quarter worth approximately $3,398,000. Finally, JPMorgan Chase & Co. grew its stake in Agiliti by 5.8% during the first quarter. JPMorgan Chase & Co. now owns 4,735,240 shares of the company’s stock worth $99,914,000 after buying an additional 258,454 shares during the period. 98.96% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on AGTI shares. Raymond James decreased their price objective on shares of Agiliti from $25.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 15th. KeyCorp decreased their price objective on shares of Agiliti from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, August 10th. Finally, Morgan Stanley decreased their price objective on shares of Agiliti from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 11th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $24.67.
Agiliti Trading Down 9.2 %
Agiliti (NYSE:AGTI – Get Rating) last posted its earnings results on Tuesday, August 9th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The firm had revenue of $273.98 million for the quarter, compared to analyst estimates of $288.66 million. Agiliti had a return on equity of 13.02% and a net margin of 3.97%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. Equities research analysts predict that Agiliti, Inc. will post 0.8 EPS for the current fiscal year.
Agiliti Company Profile
Agiliti, Inc, together with its subsidiaries, provides healthcare technology management and service solutions to the healthcare industry in the United States. It offers onsite managed services that are comprehensive programs for the management, reprocessing, and logistics of medical equipment at individual facilities and integrated delivery networks to monitor and adjust equipment quantities and availability to address fluctuations in patient census and acuity.
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