Cano Health (NYSE:CANO) Shares Down 0.4%

Cano Health, Inc. (NYSE:CANOGet Free Report) shares dropped 0.4% during mid-day trading on Monday . The company traded as low as $2.29 and last traded at $2.29. Approximately 159,142 shares traded hands during trading, a decline of 62% from the average daily volume of 423,785 shares. The stock had previously closed at $2.30.

Wall Street Analyst Weigh In

Separately, UBS Group reiterated a “sell” rating and issued a $3.75 price objective (down previously from $12.00) on shares of Cano Health in a report on Friday, November 17th.

Get Our Latest Report on CANO

Cano Health Stock Performance

The company has a market cap of $12.39 million, a PE ratio of -0.01 and a beta of 0.05. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.95. The stock has a 50 day moving average price of $4.79 and a 200 day moving average price of $3.16.

Insider Activity

In other news, major shareholder Elliot Cooperstone sold 41,197 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $6.00, for a total value of $247,182.00. Following the completion of the transaction, the insider now owns 316,116 shares in the company, valued at approximately $1,896,696. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 626,300 shares of company stock worth $2,302,957 in the last quarter. 13.93% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. American International Group Inc. increased its position in Cano Health by 47.2% during the 2nd quarter. American International Group Inc. now owns 114,997 shares of the company’s stock valued at $160,000 after buying an additional 36,859 shares in the last quarter. SG Americas Securities LLC increased its position in Cano Health by 875.2% during the 3rd quarter. SG Americas Securities LLC now owns 111,346 shares of the company’s stock valued at $28,000 after buying an additional 99,928 shares in the last quarter. Principal Financial Group Inc. increased its position in Cano Health by 82.5% during the 2nd quarter. Principal Financial Group Inc. now owns 87,261 shares of the company’s stock valued at $121,000 after buying an additional 39,438 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Cano Health by 10.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 94,274 shares of the company’s stock valued at $131,000 after buying an additional 8,900 shares in the last quarter. Finally, Lake Street Financial LLC increased its position in Cano Health by 191.7% during the 3rd quarter. Lake Street Financial LLC now owns 175,000 shares of the company’s stock valued at $49,000 after buying an additional 115,000 shares in the last quarter. Hedge funds and other institutional investors own 35.99% of the company’s stock.

About Cano Health

(Get Free Report)

Cano Health, Inc provides primary care medical services to its members in the United States and Puerto Rico. It owns and operates medical centers enabled by CanoPanorama, a proprietary population health management technology-powered platform that provides the healthcare providers at its medical centers with a 360-degree view of their members with actionable insights to improve care decisions and member engagement.

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