Agiliti (NYSE:AGTI) Sees Unusually-High Trading Volume

Agiliti, Inc. (NYSE:AGTI) shares saw unusually-high trading volume on Thursday . Approximately 3,303,695 shares were traded during trading, an increase of 136% from the previous session’s volume of 1,402,519 shares.The stock last traded at $10.07 and had previously closed at $10.10.

Analysts Set New Price Targets

AGTI has been the subject of several research reports. KeyCorp started coverage on Agiliti in a report on Tuesday, February 6th. They set a “sector weight” rating for the company. UBS Group reissued a “neutral” rating and issued a $10.00 price target on shares of Agiliti in a report on Thursday, March 7th. Raymond James reissued a “market perform” rating on shares of Agiliti in a report on Tuesday, March 26th. Craig Hallum initiated coverage on Agiliti in a research report on Thursday, January 4th. They issued a “buy” rating and a $23.00 price objective for the company. Finally, TheStreet raised Agiliti from a “d” rating to a “c-” rating in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.17.

Agiliti Stock Performance

The stock has a 50-day simple moving average of $9.92 and a 200-day simple moving average of $8.13. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.72 and a quick ratio of 1.34. The stock has a market cap of $1.37 billion, a PE ratio of -71.99 and a beta of 1.90.

Agiliti (NYSE:AGTI) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Agiliti had a positive return on equity of 6.47% and a negative net margin of 1.65%. The firm had revenue of $291.99 million during the quarter, compared to the consensus estimate of $291.99 million. Equities analysts predict that Agiliti, Inc. will post 0.49 earnings per share for the current fiscal year.

Insider Transactions at Agiliti

In other news, CEO Thomas J. Leonard sold 27,558 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $7.23, for a total value of $199,244.34. Following the completion of the sale, the chief executive officer now owns 1,966,374 shares of the company’s stock, valued at $14,216,884.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Lee M. Neumann sold 4,685 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $10.04, for a total value of $47,037.40. Following the transaction, the executive vice president now owns 29,929 shares in the company, valued at $300,487.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas J. Leonard sold 27,558 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $7.23, for a total value of $199,244.34. Following the completion of the transaction, the chief executive officer now owns 1,966,374 shares in the company, valued at approximately $14,216,884.02. The disclosure for this sale can be found here. Insiders sold 36,928 shares of company stock valued at $293,460 over the last quarter. Company insiders own 4.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AGTI. SG Americas Securities LLC acquired a new stake in Agiliti during the third quarter valued at approximately $76,000. Strs Ohio acquired a new stake in Agiliti during the third quarter valued at approximately $78,000. Yorktown Management & Research Co Inc acquired a new stake in Agiliti during the third quarter valued at approximately $198,000. Victory Capital Management Inc. raised its stake in Agiliti by 49.8% during the third quarter. Victory Capital Management Inc. now owns 30,273 shares of the company’s stock valued at $196,000 after buying an additional 10,064 shares in the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new stake in Agiliti during the third quarter valued at approximately $144,000. Institutional investors and hedge funds own 99.12% of the company’s stock.

About Agiliti

Agiliti, Inc, together with its subsidiaries, provides healthcare technology management and service solutions to the healthcare industry in the United States. The company offers onsite managed services that are comprehensive programs for the management, reprocessing, and logistics of medical equipment at individual facilities and integrated delivery networks to monitor and adjust equipment quantities and availability to address fluctuations in patient census and acuity.