Strs Ohio Sells 23,700 Shares of Agiliti, Inc. (NYSE:AGTI)

Strs Ohio lessened its stake in Agiliti, Inc. (NYSE:AGTIGet Rating) by 71.4% in the third quarter, HoldingsChannel reports. The firm owned 9,500 shares of the company’s stock after selling 23,700 shares during the period. Strs Ohio’s holdings in Agiliti were worth $135,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Truist Financial Corp increased its holdings in Agiliti by 17.7% in the third quarter. Truist Financial Corp now owns 79,171 shares of the company’s stock valued at $1,134,000 after purchasing an additional 11,894 shares during the last quarter. Granite Investment Partners LLC increased its holdings in Agiliti by 0.7% in the third quarter. Granite Investment Partners LLC now owns 202,436 shares of the company’s stock valued at $2,897,000 after purchasing an additional 1,339 shares during the last quarter. Great Valley Advisor Group Inc. acquired a new position in Agiliti in the third quarter valued at about $297,000. Macquarie Group Ltd. acquired a new position in Agiliti in the second quarter valued at about $28,000. Finally, Dark Forest Capital Management LP acquired a new position in Agiliti in the second quarter valued at about $99,000.

Agiliti Stock Performance

Shares of NYSE AGTI opened at $17.25 on Friday. The stock has a 50 day moving average price of $16.25 and a 200 day moving average price of $17.31. Agiliti, Inc. has a 52 week low of $14.15 and a 52 week high of $23.25. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.65. The stock has a market capitalization of $2.30 billion, a PE ratio of 66.35, a price-to-earnings-growth ratio of 13.19 and a beta of 1.39.

Agiliti (NYSE:AGTIGet Rating) last issued its quarterly earnings results on Thursday, November 10th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Agiliti had a net margin of 3.26% and a return on equity of 12.09%. The company had revenue of $271.19 million for the quarter, compared to analyst estimates of $274.68 million. Analysts predict that Agiliti, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AGTI. Raymond James decreased their target price on Agiliti from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, November 15th. UBS Group decreased their target price on Agiliti to $19.00 in a research note on Wednesday, November 16th. Morgan Stanley cut Agiliti from an “overweight” rating to an “equal weight” rating and set a $18.00 target price for the company. in a research note on Friday, January 6th. KeyCorp reduced their price objective on Agiliti from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, November 11th. Finally, Bank of America cut Agiliti from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Friday, December 16th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Insider Activity at Agiliti

In other Agiliti news, EVP Lee M. Neumann sold 4,527 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $17.47, for a total value of $79,086.69. Following the sale, the executive vice president now owns 47,161 shares in the company, valued at $823,902.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.16% of the company’s stock.

Agiliti Company Profile

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Agiliti, Inc, together with its subsidiaries, provides healthcare technology management and service solutions to the healthcare industry in the United States. It 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.

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Institutional Ownership by Quarter for Agiliti (NYSE:AGTI)

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