Cano Health (CANO) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Cano Health (NYSE: CANO) in the last few weeks:

  • 11/16/2022 – Cano Health had its price target lowered by analysts at Citigroup Inc. from $7.00 to $5.00. They now have a “buy” rating on the stock.
  • 11/10/2022 – Cano Health was downgraded by analysts at Cowen Inc. from an “outperform” rating to a “market perform” rating. They now have a $3.00 price target on the stock, down previously from $10.00.
  • 11/10/2022 – Cano Health was downgraded by analysts at Cowen Inc from an “outperform” rating to a “market perform” rating. They now have a $3.00 price target on the stock, down previously from $10.00.
  • 11/10/2022 – Cano Health was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
  • 10/27/2022 – Cano Health was downgraded by analysts at Credit Suisse Group AG from an “outperform” rating to a “neutral” rating. They now have a $5.00 price target on the stock, down previously from $10.00.

Cano Health Price Performance

NYSE:CANO opened at $1.52 on Thursday. The stock has a market cap of $751.62 million, a PE ratio of -4.00 and a beta of 0.21. Cano Health, Inc. has a one year low of $1.48 and a one year high of $10.12. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a 50 day moving average price of $5.53 and a 200 day moving average price of $5.54.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Pearl River Capital LLC grew its position in Cano Health by 31.3% in the first quarter. Pearl River Capital LLC now owns 13,420 shares of the company’s stock worth $85,000 after acquiring an additional 3,198 shares during the period. Teacher Retirement System of Texas grew its position in Cano Health by 13.7% in the first quarter. Teacher Retirement System of Texas now owns 37,963 shares of the company’s stock worth $241,000 after acquiring an additional 4,576 shares during the period. Wolverine Asset Management LLC grew its position in Cano Health by 3.2% in the third quarter. Wolverine Asset Management LLC now owns 149,809 shares of the company’s stock worth $1,298,000 after acquiring an additional 4,706 shares during the period. Skaana Management L.P. grew its position in Cano Health by 47.7% in the second quarter. Skaana Management L.P. now owns 15,493 shares of the company’s stock worth $68,000 after acquiring an additional 5,000 shares during the period. Finally, Lumina Fund Management LLC boosted its position in shares of Cano Health by 53.8% during the third quarter. Lumina Fund Management LLC now owns 14,300 shares of the company’s stock worth $124,000 after buying an additional 5,000 shares during the period. 39.19% of the stock is currently owned by hedge funds and other institutional investors.

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.

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