Astrana Health (NASDAQ:ASTH) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Astrana Health from “Buy” to “Hold,” though the broader analyst consensus remains “Moderate Buy,” with seven Buy ratings and two Hold ratings.
• Analysts have raised their price targets in recent reports, including BTIG Research to $65, Truist Financial to $55, and TD Cowen to $50; the consensus target is $49.43.
• Astrana Health shares were trading at $40.81, up 8%, with a market capitalization of approximately $2.27 billion. Institutional investors and hedge funds own 52.77% of the company.

Astrana Health (NASDAQ:ASTH - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday.

Several other equities research analysts also recently weighed in on the stock. Robert W. Baird set a $45.00 target price on shares of Astrana Health in a research note on Friday, May 8th. Needham & Company LLC boosted their price target on Astrana Health from $30.00 to $41.00 and gave the company a "buy" rating in a research report on Friday, May 8th. TD Cowen upped their price objective on Astrana Health from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. BTIG Research upped their price objective on Astrana Health from $50.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Finally, Truist Financial increased their price objective on Astrana Health from $47.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.43.

Astrana Health Trading Up 8.0%

Shares of Astrana Health stock opened at $40.81 on Friday. The company has a market cap of $2.27 billion, a P/E ratio of 49.77 and a beta of 0.87. The firm has a 50-day simple moving average of $41.34 and a two-hundred day simple moving average of $32.83. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.35 and a current ratio of 1.23. Astrana Health has a fifty-two week low of $18.08 and a fifty-two week high of $51.60.

Institutional Trading of Astrana Health

Several hedge funds have recently made changes to their positions in ASTH. Great Lakes Advisors LLC acquired a new position in shares of Astrana Health during the second quarter worth about $832,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Astrana Health in the second quarter valued at about $22,088,000. Bank of New York Mellon Corp acquired a new stake in Astrana Health in the second quarter valued at about $10,902,000. Bank of America Corp DE boosted its holdings in Astrana Health by 13.3% in the 1st quarter. Bank of America Corp DE now owns 574,729 shares of the company's stock valued at $14,092,000 after purchasing an additional 67,628 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in Astrana Health by 68.3% in the 1st quarter. Edgestream Partners L.P. now owns 27,616 shares of the company's stock valued at $677,000 after purchasing an additional 11,209 shares in the last quarter. Institutional investors and hedge funds own 52.77% of the company's stock.

Astrana Health Company Profile

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. It offers care coordination services to patients, families, primary care physicians, specialists, acute care hospitals, alternative sites of inpatient care, physician groups, and health plans.

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