Bank of America Corp DE Has $6.27 Million Position in agilon health, inc. (NYSE:AGL)

Bank of America Corp DE lessened its holdings in agilon health, inc. (NYSE:AGL - Free Report) by 34.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,301,316 shares of the company's stock after selling 1,727,248 shares during the quarter. Bank of America Corp DE owned 0.80% of agilon health worth $6,273,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Capital International Investors raised its position in agilon health by 72.0% during the fourth quarter. Capital International Investors now owns 22,331,873 shares of the company's stock worth $42,431,000 after acquiring an additional 9,346,295 shares in the last quarter. Algert Global LLC raised its position in agilon health by 1,042.7% during the fourth quarter. Algert Global LLC now owns 2,108,687 shares of the company's stock worth $4,007,000 after acquiring an additional 1,924,157 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in agilon health by 49.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,541,549 shares of the company's stock worth $8,629,000 after acquiring an additional 1,498,524 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in agilon health during the fourth quarter worth $1,616,000. Finally, Alberta Investment Management Corp bought a new stake in agilon health during the fourth quarter worth $1,564,000.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JMP Securities reaffirmed a "market perform" rating on shares of agilon health in a research report on Monday, April 28th. Needham & Company LLC reaffirmed a "hold" rating on shares of agilon health in a research report on Friday, March 21st. Stifel Nicolaus upped their price objective on shares of agilon health from $2.00 to $3.00 and gave the company a "hold" rating in a report on Wednesday, February 26th. TD Cowen upped their price objective on shares of agilon health from $3.50 to $6.00 and gave the company a "hold" rating in a report on Tuesday, April 15th. Finally, Royal Bank of Canada upped their price objective on shares of agilon health from $3.00 to $3.50 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $4.79.

agilon health Stock Performance

NYSE:AGL traded down $0.01 during mid-day trading on Friday, reaching $2.22. 4,406,448 shares of the company's stock were exchanged, compared to its average volume of 4,969,603. agilon health, inc. has a one year low of $1.50 and a one year high of $7.73. The firm has a market capitalization of $918.97 million, a PE ratio of -2.36 and a beta of 0.38. The business's fifty day simple moving average is $3.79 and its two-hundred day simple moving average is $3.18. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.29.

agilon health (NYSE:AGL - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.04. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. agilon health had a negative net margin of 6.88% and a negative return on equity of 47.84%. agilon health's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.02) earnings per share. Analysts anticipate that agilon health, inc. will post -0.59 earnings per share for the current fiscal year.

About agilon health

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.