Capital Research & Management Co recently announced the acquisition of new stake in Agilon Health Inc (NYSE:AGL). The institutional investor has increased its shareholding in the Healthcare company by 0.11% to 51.41 million shares with purchase of 57682.0 shares. This fresh investment now brings its stake to 12.66% valued currently at $645.14 million. In addition, Morgan Stanley Investment Managem raised its holdings by 3.53 million to 43.18 million shares. And Wellington Management Co. LLP has lifted its position by 8.29% or 3.16 million shares – to 41.32 million shares.
Currently, there are 412.38M common shares owned by the public and among those 299.28M shares have been available to trade.
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Insiders at the company have transacted a total of 107 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 57 of these insider trades were purchases, accounting for 1,167,042 shares. Insider sales of the common stock occurred on 50 occasions, with total insider shares sold totaling 95,499,154 shares.
The top 3 mutual fund holders in Agilon Health Inc are American Funds New Economy Fund, Vanguard Health Care Fund, and American Funds Small Cap World Fu. American Funds New Economy Fund owns 22.21 million shares of the company’s stock, all valued at over $278.74 million. The company bought an additional 2.34 million shares recently to bring their total holdings to about 5.47% of the shares outstanding. American Funds Small Cap World Fu bought 1.91 million shares to bring its total holdings to over 15.03 million shares at a value of $188.61 million. American Funds Small Cap World Fu now owns shares totaling to 3.70% of the shares outstanding.
The company’s stock has a 5-day price change of -8.94% and -65.52% over the past three months. AGL shares are trading -46.45% year to date (YTD), with the 12-month market performance down to -66.06% lower. It has a 12-month low price of $6.36 and touched a high of $29.44 over the same period. AGL has an average intraday trading volume of 4.57 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -33.49%, -39.78%, and -61.96% respectively.
Institutional ownership of Agilon Health Inc (NYSE: AGL) shares accounts for 86.93% of the company’s 412.38M shares outstanding. Mutual fund holders own 49.53%, while other institutional holders and individual stakeholders account for 66.58% and 20.35% respectively.
It has a market capitalization of $2.73B and a beta (3y monthly) value of 0.48. The earnings-per-share (ttm) stands at -$0.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.56% over the week and 6.64% over the month.
Analysts forecast that Agilon Health Inc (AGL) will achieve an EPS of $First Majestic Silver Corp. for the current quarter, $4.88 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Allstate Corporation (The) while analysts give the company a high EPS estimate of $iShares Core U.S. Aggregate Bon. Comparatively, EPS for the current quarter was $NGL ENERGY PARTNERS LP a year ago. Earnings per share for the fiscal year are expected to decrease by -10.14%, and 81.92% over the next financial year.
