Agiliti, Inc. (NYSE:AGTI) Sees Large Drop in Short Interest

Agiliti, Inc. (NYSE:AGTIGet Free Report) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 2,030,000 shares, a decline of 11.7% from the February 29th total of 2,300,000 shares. Approximately 6.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,240,000 shares, the short-interest ratio is presently 1.6 days.

Insiders Place Their Bets

In related news, EVP Lee M. Neumann sold 4,685 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $10.07, for a total value of $47,177.95. Following the transaction, the executive vice president now owns 34,614 shares of the company’s stock, valued at $348,562.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Thomas J. Leonard sold 27,558 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $7.31, for a total value of $201,448.98. Following the completion of the sale, the chief executive officer now directly owns 1,938,816 shares in the company, valued at approximately $14,172,744.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lee M. Neumann sold 4,685 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $10.07, for a total transaction of $47,177.95. Following the transaction, the executive vice president now directly owns 34,614 shares in the company, valued at approximately $348,562.98. The disclosure for this sale can be found here. Insiders sold a total of 59,801 shares of company stock valued at $447,871 in the last quarter. Corporate insiders own 4.16% of the company’s stock.

Hedge Funds Weigh In On Agiliti

Institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. bought a new position in Agiliti in the 2nd quarter worth approximately $28,000. Wells Fargo & Company MN lifted its holdings in shares of Agiliti by 180.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,536 shares of the company’s stock worth $25,000 after buying an additional 989 shares in the last quarter. Clear Street Markets LLC bought a new position in shares of Agiliti during the fourth quarter worth $40,000. Quest Partners LLC purchased a new position in Agiliti during the fourth quarter valued at $44,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Agiliti in the 2nd quarter valued at $142,000. 99.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on Agiliti

Agiliti Stock Down 0.1 %

NYSE AGTI traded down $0.01 during mid-day trading on Tuesday, reaching $10.08. The stock had a trading volume of 756,678 shares, compared to its average volume of 1,303,844. The stock has a market cap of $1.37 billion, a PE ratio of -71.99 and a beta of 1.95. Agiliti has a 1 year low of $5.07 and a 1 year high of $18.61. 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 company has a fifty day moving average price of $8.77 and a 200 day moving average price of $7.58.

Agiliti (NYSE:AGTIGet Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $291.99 million during the quarter, compared to the consensus estimate of $291.99 million. Agiliti had a positive return on equity of 6.47% and a negative net margin of 1.65%. On average, research analysts expect that Agiliti will post 0.49 earnings per share for the current year.

About Agiliti

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Agiliti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agiliti and related companies with MarketBeat.com's FREE daily email newsletter.