Astrana Health (NASDAQ:ASTH) Hits New 1-Year Low - Here's Why

Key Points

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Shares of Astrana Health, Inc. (NASDAQ:ASTH - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $21.36 and last traded at $21.81, with a volume of 343885 shares changing hands. The stock had previously closed at $22.32.

Astrana Health Stock Performance

The firm has a market cap of $1.22 billion, a P/E ratio of 30.29, a price-to-earnings-growth ratio of 0.82 and a beta of 0.85. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.54. The business's fifty day simple moving average is $24.44 and its 200-day simple moving average is $29.36.

Astrana Health (NASDAQ:ASTH - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.09). The firm had revenue of $620.39 million during the quarter, compared to the consensus estimate of $628.11 million. Astrana Health had a return on equity of 4.90% and a net margin of 1.56%. Astrana Health's revenue was up 53.4% on a year-over-year basis. During the same period last year, the business earned $0.31 EPS. As a group, sell-side analysts expect that Astrana Health, Inc. will post 1.15 earnings per share for the current year.

Institutional Investors Weigh In On Astrana Health

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Astrana Health by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 4,898,992 shares of the company's stock valued at $151,918,000 after purchasing an additional 213,033 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Astrana Health by 10.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,045,540 shares of the company's stock valued at $32,968,000 after purchasing an additional 101,192 shares in the last quarter. 325 Capital LLC lifted its position in Astrana Health by 30.3% during the 4th quarter. 325 Capital LLC now owns 886,916 shares of the company's stock valued at $27,964,000 after acquiring an additional 206,009 shares during the period. SteelPeak Wealth LLC lifted its position in Astrana Health by 4.8% during the 1st quarter. SteelPeak Wealth LLC now owns 568,176 shares of the company's stock valued at $17,619,000 after acquiring an additional 26,192 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Astrana Health by 6.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 499,529 shares of the company's stock valued at $15,490,000 after acquiring an additional 28,200 shares during the period. Institutional investors own 52.77% of the company's stock.

About Astrana Health

Astrana Health, Inc, Inc, a physician-centric technology-powered healthcare management company, provides medical care services in the United States. It operates through three segments: Care Partners, Care Delivery, and Care Enablement. The company is leveraging its proprietary population health management and healthcare delivery platform, operates an integrated, value-based healthcare model which empowers the providers in its network to deliver care to its patients.

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