California Public Employees Retirement System Sells 11,108 Shares of agilon health, inc. (NYSE:AGL)

California Public Employees Retirement System decreased its position in shares of agilon health, inc. (NYSE:AGL) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 402,879 shares of the company’s stock after selling 11,108 shares during the period. California Public Employees Retirement System’s holdings in agilon health were worth $5,056,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Morgan Stanley boosted its stake in shares of agilon health by 8.9% during the 3rd quarter. Morgan Stanley now owns 44,819,378 shares of the company’s stock worth $795,992,000 after purchasing an additional 3,674,311 shares during the period. Wellington Management Group LLP grew its stake in shares of agilon health by 8.3% during the third quarter. Wellington Management Group LLP now owns 41,318,777 shares of the company’s stock valued at $733,821,000 after buying an additional 3,162,094 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of agilon health by 0.4% in the third quarter. Vanguard Group Inc. now owns 28,355,275 shares of the company’s stock worth $503,590,000 after buying an additional 111,487 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of agilon health by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,796,884 shares of the company’s stock worth $31,913,000 after buying an additional 70,443 shares during the period. Finally, TD Asset Management Inc lifted its stake in shares of agilon health by 31.3% during the 3rd quarter. TD Asset Management Inc now owns 1,520,066 shares of the company’s stock worth $26,996,000 after acquiring an additional 362,565 shares during the last quarter.

agilon health Price Performance

AGL opened at $4.83 on Friday. The firm has a market capitalization of $1.99 billion, a PE ratio of -7.43 and a beta of 0.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.51 and a quick ratio of 1.51. The business’s 50-day moving average is $5.41 and its two-hundred day moving average is $9.04. agilon health, inc. has a 1 year low of $4.41 and a 1 year high of $26.75.

agilon health (NYSE:AGL) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.13). agilon health had a negative return on equity of 21.74% and a negative net margin of 5.76%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm earned ($0.14) EPS. The firm’s quarterly revenue was up 71.8% on a year-over-year basis. Research analysts anticipate that agilon health, inc. will post -0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. SVB Leerink lowered agilon health from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Jefferies Financial Group reiterated a “hold” rating and set a $6.50 price objective (down previously from $25.00) on shares of agilon health in a report on Monday, February 26th. Stifel Nicolaus dropped their target price on shares of agilon health from $8.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday. Royal Bank of Canada decreased their price target on shares of agilon health from $11.00 to $8.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. Finally, Leerink Partnrs lowered agilon health from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.32.

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.