Stock Traders Buy High Volume of Call Options on agilon health (NYSE:AGL)

agilon health, inc. (NYSE:AGL) was the recipient of unusually large options trading on Friday. Stock traders purchased 6,103 call options on the company. This represents an increase of approximately 471% compared to the average volume of 1,069 call options.

agilon health Stock Up 10.1 %

agilon health stock opened at $4.51 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of -4.80 and a beta of 0.67. agilon health has a fifty-two week low of $1.50 and a fifty-two week high of $7.73. The stock’s fifty day moving average is $3.51 and its two-hundred day moving average is $2.95.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AGL. Royal Bank of Canada raised their price target on agilon health from $3.00 to $3.50 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Stifel Nicolaus lifted their target price on agilon health from $2.00 to $3.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Sanford C. Bernstein lifted their target price on agilon health from $2.50 to $3.15 and gave the company a “market perform” rating in a research note on Wednesday, January 15th. Citigroup upgraded agilon health from a “sell” rating to a “neutral” rating and lifted their target price for the company from $1.75 to $2.25 in a research note on Friday, January 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of agilon health in a research note on Friday. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, agilon health has a consensus rating of “Hold” and an average price target of $3.95.

Institutional Trading of agilon health

Several large investors have recently bought and sold shares of AGL. Capital International Investors grew its holdings in agilon health by 72.0% in the fourth quarter. Capital International Investors now owns 22,331,873 shares of the company’s stock valued at $42,431,000 after purchasing an additional 9,346,295 shares during the last quarter. Millennium Management LLC lifted its position in shares of agilon health by 187.8% in the fourth quarter. Millennium Management LLC now owns 7,212,525 shares of the company’s stock valued at $13,704,000 after acquiring an additional 4,706,357 shares in the last quarter. Citigroup Inc. lifted its position in shares of agilon health by 2,251.5% in the third quarter. Citigroup Inc. now owns 2,028,246 shares of the company’s stock valued at $7,971,000 after acquiring an additional 1,941,993 shares in the last quarter. Algert Global LLC lifted its position in shares of agilon health by 1,042.7% in the fourth quarter. Algert Global LLC now owns 2,108,687 shares of the company’s stock valued at $4,007,000 after acquiring an additional 1,924,157 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of agilon health by 49.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,541,549 shares of the company’s stock valued at $8,629,000 after acquiring an additional 1,498,524 shares in the last quarter.

agilon health Company Profile

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.