Agiliti (NYSE:AGTI) Reaches New 1-Year Low at $7.45

Agiliti, Inc. (NYSE:AGTI)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $7.45 and last traded at $7.54, with a volume of 101008 shares traded. The stock had previously closed at $7.79.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AGTI shares. Bank of America lowered Agiliti from a “neutral” rating to an “underperform” rating and cut their target price for the company from $18.00 to $11.00 in a report on Tuesday, September 5th. KeyCorp decreased their target price on Agiliti from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, August 9th. Morgan Stanley cut shares of Agiliti from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $15.00 to $10.00 in a research note on Thursday, August 24th. Citigroup lowered shares of Agiliti from a “buy” rating to a “neutral” rating and lowered their target price for the company from $20.00 to $13.00 in a research note on Tuesday, August 15th. Finally, Raymond James cut shares of Agiliti from an “outperform” rating to a “market perform” rating in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.14.

Agiliti Stock Down 2.6 %

The firm’s 50-day simple moving average is $12.81 and its 200-day simple moving average is $14.30. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.38 and a current ratio of 1.82. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 376.69, a price-to-earnings-growth ratio of 11.19 and a beta of 1.33.

Agiliti (NYSE:AGTI) last released its earnings results on Tuesday, August 8th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. Agiliti had a return on equity of 8.70% and a net margin of 0.38%. The business had revenue of $291.08 million for the quarter, compared to the consensus estimate of $284.22 million. Sell-side analysts forecast that Agiliti, Inc. will post 0.44 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Thomas J. Leonard sold 27,558 shares of the stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $16.09, for a total value of $443,408.22. Following the completion of the transaction, the director now owns 941,006 shares in the company, valued at approximately $15,140,786.54. The sale was disclosed in a filing with the SEC, which is available at this link. In other Agiliti news, CFO James B. Pekarek sold 10,000 shares of the business’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $16.43, for a total value of $164,300.00. Following the transaction, the chief financial officer now owns 194,071 shares of the company’s stock, valued at $3,188,586.53. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas J. Leonard sold 27,558 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $16.09, for a total value of $443,408.22. Following the sale, the director now owns 941,006 shares in the company, valued at approximately $15,140,786.54. The disclosure for this sale can be found here. Insiders have sold 108,939 shares of company stock worth $1,632,476 over the last 90 days. Corporate insiders own 4.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGTI. Virginia Retirement Systems ET AL bought a new position in Agiliti in the 2nd quarter valued at $251,000. California State Teachers Retirement System increased its position in Agiliti by 13.9% in the second quarter. California State Teachers Retirement System now owns 45,173 shares of the company’s stock worth $745,000 after purchasing an additional 5,522 shares during the period. Nuveen Asset Management LLC lifted its position in Agiliti by 9.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 129,393 shares of the company’s stock valued at $2,135,000 after purchasing an additional 10,915 shares during the period. Alliancebernstein L.P. lifted its position in Agiliti by 41.1% during the 2nd quarter. Alliancebernstein L.P. now owns 43,598 shares of the company’s stock valued at $719,000 after purchasing an additional 12,690 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Agiliti by 89.1% in the 2nd quarter. Wells Fargo & Company MN now owns 14,303 shares of the company’s stock valued at $236,000 after purchasing an additional 6,740 shares during the last quarter.

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.