Astrana Health (NASDAQ:ASTH) Stock Price Down 5.5% – What’s Next?

Astrana Health, Inc. (NASDAQ:ASTH)’s stock price fell 5.5% on Thursday . The stock traded as low as $36.66 and last traded at $35.6280. 22,706 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 522,498 shares. The stock had previously closed at $37.70.

Analyst Ratings Changes

Several analysts recently issued reports on ASTH shares. Barclays raised their target price on Astrana Health from $50.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Oppenheimer began coverage on Astrana Health in a report on Tuesday. They issued an “outperform” rating and a $53.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Astrana Health in a research report on Thursday, August 27th. BTIG Research boosted their target price on Astrana Health from $50.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, TD Cowen upped their target price on Astrana Health from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.88.

Astrana Health Trading Up 0.2%

The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $1.92 billion, a PE ratio of 41.90 and a beta of 0.90. The stock has a 50-day simple moving average of $38.98 and a two-hundred day simple moving average of $35.89.

Astrana Health (NASDAQ:ASTH) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.46. Astrana Health had a return on equity of 10.30% and a net margin of 1.05%.The business had revenue of $972.52 million during the quarter, compared to the consensus estimate of $985.62 million. During the same period in the prior year, the company posted $0.19 EPS. The firm’s revenue for the quarter was up 48.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Astrana Health, Inc. will post 1.36 EPS for the current year.

Hedge Funds Weigh In On Astrana Health

A number of institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Astrana Health in the 2nd quarter worth $51,000. State of Wyoming grew its holdings in shares of Astrana Health by 61.9% in the fourth quarter. State of Wyoming now owns 10,473 shares of the company’s stock valued at $260,000 after purchasing an additional 4,004 shares during the period. Fifth Third Bancorp grew its holdings in shares of Astrana Health by 4,855.4% in the first quarter. Fifth Third Bancorp now owns 12,438 shares of the company’s stock valued at $305,000 after purchasing an additional 12,187 shares during the period. First Citizens Bank & Trust Co. increased its position in Astrana Health by 48.3% during the first quarter. First Citizens Bank & Trust Co. now owns 16,614 shares of the company’s stock worth $407,000 after purchasing an additional 5,408 shares during the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new stake in Astrana Health during the first quarter worth about $453,000. 52.77% of the stock is owned by hedge funds and other institutional investors.

About Astrana Health

Astrana Health, Inc is a healthcare management and technology company that helps physicians and healthcare organizations deliver value-based care. The company supports provider groups, independent physicians and health systems with clinical, operational and administrative services designed to coordinate care, improve outcomes and manage healthcare costs.

Astrana Health’s platform includes care-management programs, analytics and population-health tools, technology solutions, physician practice support, and services for risk-bearing provider organizations.