Commonwealth Equity Services LLC Boosts Holdings in Cano Health, Inc. (NYSE:CANO)

Commonwealth Equity Services LLC raised its stake in shares of Cano Health, Inc. (NYSE:CANO) by 8.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,206 shares of the company’s stock after acquiring an additional 2,100 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Cano Health were worth $344,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CANO. Rockefeller Capital Management L.P. purchased a new position in Cano Health during the second quarter valued at $245,000. Citigroup Inc. purchased a new position in shares of Cano Health in the second quarter worth about $3,047,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Cano Health in the second quarter worth about $616,000. Oxler Private Wealth LLC purchased a new position in shares of Cano Health in the second quarter worth about $253,000. Finally, Penserra Capital Management LLC purchased a new position in shares of Cano Health in the second quarter worth about $221,000. 38.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of CANO opened at $6.51 on Friday. Cano Health, Inc. has a 1-year low of $6.39 and a 1-year high of $16.75. The firm has a 50-day simple moving average of $9.40 and a two-hundred day simple moving average of $11.08. The company has a current ratio of 3.33, a quick ratio of 3.32 and a debt-to-equity ratio of 1.07.

Cano Health (NYSE:CANO) last announced its quarterly earnings results on Tuesday, November 9th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $526.80 million for the quarter, compared to analyst estimates of $455.61 million. As a group, research analysts expect that Cano Health, Inc. will post 0.08 EPS for the current fiscal year.

In other Cano Health news, Director Solomon D. Trujillo acquired 97,000 shares of the stock in a transaction dated Thursday, November 18th. The stock was acquired at an average price of $10.55 per share, with a total value of $1,023,350.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marlow Hernandez acquired 8,000 shares of the stock in a transaction dated Monday, November 22nd. The stock was acquired at an average cost of $9.65 per share, with a total value of $77,200.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 132,500 shares of company stock valued at $1,329,925.

Several equities analysts have recently weighed in on CANO shares. Jefferies Financial Group started coverage on shares of Cano Health in a research note on Wednesday, October 20th. They issued a “buy” rating and a $17.00 price target on the stock. Piper Sandler raised their price target on shares of Cano Health from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 10th. Zacks Investment Research cut shares of Cano Health from a “buy” rating to a “hold” rating in a research report on Tuesday. Cowen cut their price objective on shares of Cano Health from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, December 7th. Finally, Wolfe Research began coverage on shares of Cano Health in a research report on Friday, October 1st. They set an “outperform” rating and a $19.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $16.00.

About Cano Health

Cano Health, LLC owns and operates health care centers and pharmacies. It provides medical, dental, urgent care, an in-house laboratory, and specialty services. The company offers patient-centric programs, such as home visits, telehealth, transition of care, and high risk and complex care management.

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Institutional Ownership by Quarter for Cano Health (NYSE:CANO)

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