Zurcher Kantonalbank Zurich Cantonalbank Sells 29,346 Shares of Astrana Health, Inc. (NASDAQ:ASTH)

Key Points

• Zurcher Kantonalbank significantly reduced its stake in Astrana Health, Inc. by 77.7%, now holding 8,442 shares valued at approximately $262,000.
• Astrana Health's revenue increased by 34.7% year-over-year, totaling $654.81 million, although the company reported an EPS of $0.19, missing expectations of $0.36.
• The stock price of Astrana Health (NASDAQ: ASTH) rose by 30.8%, with shares currently trading at $28.08, amid fluctuating institutional investor activity.

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Astrana Health, Inc. (NASDAQ:ASTH - Free Report) by 77.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,442 shares of the company's stock after selling 29,346 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Astrana Health were worth $262,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Astrana Health by 136.1% in the fourth quarter. JPMorgan Chase & Co. now owns 163,532 shares of the company's stock valued at $5,156,000 after acquiring an additional 94,268 shares in the last quarter. Two Sigma Investments LP acquired a new position in Astrana Health in the 4th quarter valued at approximately $466,000. Wells Fargo & Company MN increased its stake in Astrana Health by 41.5% in the 4th quarter. Wells Fargo & Company MN now owns 22,484 shares of the company's stock valued at $709,000 after buying an additional 6,596 shares during the period. Dimensional Fund Advisors LP increased its stake in Astrana Health by 10.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,045,540 shares of the company's stock valued at $32,968,000 after buying an additional 101,192 shares during the period. Finally, First Trust Advisors LP increased its stake in Astrana Health by 702.6% in the 4th quarter. First Trust Advisors LP now owns 107,343 shares of the company's stock valued at $3,385,000 after buying an additional 93,969 shares during the period. Institutional investors own 52.77% of the company's stock.

Astrana Health Stock Up 1.4%

Shares of ASTH traded up $0.41 during mid-day trading on Tuesday, hitting $29.10. 503,631 shares of the company's stock were exchanged, compared to its average volume of 474,348. The firm has a fifty day moving average of $24.60 and a two-hundred day moving average of $29.02. Astrana Health, Inc. has a twelve month low of $21.20 and a twelve month high of $63.20. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 56.26, a P/E/G ratio of 0.61 and a beta of 0.85. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.52.

Astrana Health (NASDAQ:ASTH - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.17). Astrana Health had a net margin of 1.04% and a return on equity of 3.43%. The firm had revenue of $654.81 million during the quarter, compared to analyst estimates of $639.13 million. During the same quarter in the previous year, the business posted $0.40 earnings per share. The business's quarterly revenue was up 34.7% compared to the same quarter last year. On average, sell-side analysts forecast that Astrana Health, Inc. will post 1.15 earnings per share for the current year.

Astrana Health 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.