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

Shares of Agiliti, Inc. (NYSE:AGTI) saw strong trading volume on Thursday . 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.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AGTI shares. KeyCorp initiated coverage on shares of Agiliti in a research note on Tuesday, February 6th. They issued a “sector weight” rating for the company. UBS Group reissued a “neutral” rating and set a $10.00 target price on shares of Agiliti in a research report on Thursday, March 7th. TheStreet upgraded Agiliti from a “d” rating to a “c-” rating in a report on Tuesday, March 5th. Finally, Raymond James restated a “market perform” rating on shares of Agiliti in a research note on Tuesday, March 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $14.17.

Agiliti Stock Performance

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 50 day simple moving average of $10.03 and a 200-day simple moving average of $8.17.

Agiliti (NYSE:AGTI) last announced its quarterly earnings data 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. The business had revenue of $291.99 million for the quarter, compared to analysts’ expectations of $291.99 million. Agiliti had a positive return on equity of 6.47% and a negative net margin of 1.65%. Research analysts anticipate that Agiliti, Inc. will post 0.49 earnings per share for the current fiscal year.

Insider Activity

In other Agiliti news, CEO Thomas J. Leonard sold 27,558 shares of Agiliti stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $7.23, for a total transaction of $199,244.34. Following the completion of the transaction, the chief executive officer now owns 1,966,374 shares of the company’s stock, valued at approximately $14,216,884.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $47,037.40. Following the completion of the transaction, the executive vice president now directly owns 29,929 shares in the company, valued at $300,487.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas J. Leonard sold 27,558 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were 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 directly owns 1,966,374 shares in the company, valued at approximately $14,216,884.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,928 shares of company stock worth $293,460. 4.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Agiliti

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in Agiliti by 144.1% in the 1st quarter. GAMMA Investing LLC now owns 2,688 shares of the company’s stock worth $27,000 after purchasing an additional 1,587 shares during the period. Quest Partners LLC purchased a new position in shares of Agiliti in the fourth quarter worth about $44,000. PNC Financial Services Group Inc. lifted its stake in shares of Agiliti by 682.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,187 shares of the company’s stock valued at $47,000 after acquiring an additional 6,268 shares during the last quarter. Quarry LP purchased a new stake in Agiliti during the 4th quarter valued at about $68,000. Finally, Tower Research Capital LLC TRC grew its position in Agiliti by 248.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,088 shares of the company’s stock worth $72,000 after acquiring an additional 6,480 shares during the last quarter. 99.12% of the stock is currently owned by hedge funds and other institutional investors.

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.