Agiliti (NYSE:AGTI) Shares Gap Down After Insider Selling

Agiliti, Inc. (NYSE:AGTI) gapped down prior to trading on Monday after an insider sold shares in the company. The stock had previously closed at $7.96, but opened at $7.80. Agiliti shares last traded at $8.10, with a volume of 19,242 shares traded.

Specifically, Director Thomas J. Leonard sold 27,558 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $7.12, for a total transaction of $196,212.96. Following the sale, the director now owns 966,122 shares of the company’s stock, valued at $6,878,788.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Thomas J. Leonard sold 27,558 shares of Agiliti stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $7.12, for a total value of $196,212.96. Following the transaction, the director now directly owns 966,122 shares of the company’s stock, valued at $6,878,788.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas J. Leonard sold 15,000 shares of the business’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $5.40, for a total value of $81,000.00. Following the transaction, the chief executive officer now directly owns 1,914,142 shares of the company’s stock, valued at approximately $10,336,366.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,674 shares of company stock valued at $628,577. 4.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AGTI has been the topic of a number of recent analyst reports. UBS Group raised Agiliti from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $16.00 to $10.00 in a research note on Tuesday, November 14th. TheStreet downgraded shares of Agiliti from a “c-” rating to a “d+” rating in a research note on Thursday, September 21st. Bank of America cut shares of Agiliti from a “neutral” rating to an “underperform” rating and cut their price target for the company from $18.00 to $11.00 in a research report on Tuesday, September 5th. Citigroup lowered Agiliti from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $20.00 to $13.00 in a research report on Tuesday, August 15th. Finally, KeyCorp cut their target price on Agiliti from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $12.40.

Agiliti Price Performance

The stock has a market capitalization of $1.09 billion, a P/E ratio of -99.50, a price-to-earnings-growth ratio of 11.05 and a beta of 1.53. The business’s 50 day simple moving average is $6.31 and its two-hundred day simple moving average is $11.39. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 1.12.

Agiliti (NYSE:AGTI) last announced its earnings results on Tuesday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Agiliti had a negative net margin of 0.89% and a positive return on equity of 7.28%. The company had revenue of $291.63 million for the quarter, compared to analysts’ expectations of $280.47 million. During the same period in the previous year, the firm earned $0.15 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts forecast that Agiliti, Inc. will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Agiliti

A number of large investors have recently made changes to their positions in the stock. Morgan Stanley raised its holdings in shares of Agiliti by 3,037.5% in the 4th quarter. Morgan Stanley now owns 4,164,951 shares of the company’s stock valued at $67,930,000 after acquiring an additional 4,032,202 shares in the last quarter. Eaton Vance Management raised its position in Agiliti by 16.9% during the first quarter. Eaton Vance Management now owns 3,466,572 shares of the company’s stock valued at $73,145,000 after purchasing an additional 500,541 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Agiliti by 10.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,577,543 shares of the company’s stock worth $74,660,000 after purchasing an additional 418,945 shares during the last quarter. Fred Alger Management LLC boosted its holdings in shares of Agiliti by 17.7% in the 4th quarter. Fred Alger Management LLC now owns 2,673,992 shares of the company’s stock worth $43,613,000 after purchasing an additional 401,754 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Agiliti by 63.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 829,334 shares of the company’s stock valued at $13,252,000 after purchasing an additional 322,298 shares during the last quarter.

Agiliti Company Profile

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.