According to the latest disclosure with the SEC, Secure Asset Management LLC has increased its stake in Cano Health, Inc. (CANO:NYE) by 959.6% in the fourth quarter. The institutional investor now holds 464,570 shares of the Cano Health stock, representing a 0.09% ownership of Cano Health, after purchasing an additional 420,727 shares during the quarter. At the end of the reporting period, the investment was valued at $636,000.
In addition to Secure Asset Management LLC, other institutional investors and hedge funds have also recently increased or decreased their holdings in CANO. Virginia Wealth Management Group Inc., Prudential Financial Inc., Mackenzie Financial Corp, Pearl River Capital LLC, and Zurcher Kantonalbank Zurich Cantonalbank are some of the other investors who have recently added to or reduced their stakes in the company. Currently, institutional investors and hedge funds own 25.56% of Cano Health stock.
Cano Health Stock-Analyst Ratings:
Wall Street analysts have forecasted growth for Cano Health. However, several research analysts have recently given mixed ratings on the CANO stock.
Bank of America reissued an “underperform” rating, Wolfe Research downgraded the stock from an “outperform” rating to a “peer perform” rating, and UBS Group downgraded the company from a “buy” rating to a “neutral” rating, while decreasing their price target from $12.00 to $1.25.
Cano Health Stock Price Analysis:
On Thursday, Cano Health’s stock opened at $1.13. The company has a 12-month low of $0.98 and a 12-month high of $9.75. Cano Health’s debt-to-equity ratio is 2.06, and its quick ratio and current ratio are both 1.63. The company’s 50-day simple moving average is $1.40, and its 200-day simple moving average is $2.91.
Stock Target Advisor reports that the consensus rating for Cano Health stock is “Hold”, and the consensus price target is $3.39.
Cano Health, Inc. provides primary care medical services to its members in the United States and Puerto Rico.
It owns and operates medical centers enabled by CanoPanorama, a proprietary population health management technology-powered platform that provides the healthcare providers at its medical centers with a 360-degree view of their members with actionable insights to improve care decisions and member engagement.
The company also operates pharmacies, as well as provides dental services in its medical centers. Cano Health, Inc. was founded in 2009 and is headquartered in Miami, Florida.