Trexquant Investment LP acquired a new stake in shares of Alight, Inc. (NYSE:ALIT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 121,286 shares of the company's stock, valued at approximately $1,035,000.
Other large investors have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new stake in Alight during the 3rd quarter worth $52,000. First Horizon Advisors Inc. grew its holdings in shares of Alight by 38.9% during the fourth quarter. First Horizon Advisors Inc. now owns 6,776 shares of the company's stock worth $58,000 after purchasing an additional 1,897 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Alight by 86.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 12,182 shares of the company's stock valued at $86,000 after buying an additional 5,661 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Alight in the 3rd quarter valued at approximately $109,000. Finally, Sherbrooke Park Advisers LLC bought a new position in Alight in the 3rd quarter valued at approximately $134,000. Institutional investors and hedge funds own 96.74% of the company's stock.
Insider Buying and Selling at Alight
In other Alight news, CEO Stephan Scholl sold 428,574 shares of Alight stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $9.81, for a total value of $4,204,310.94. Following the sale, the chief executive officer now owns 8,198,199 shares of the company's stock, valued at $80,424,332.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Katie J. Rooney sold 2,777 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $9.70, for a total value of $26,936.90. Following the completion of the transaction, the insider now directly owns 2,927,314 shares of the company's stock, valued at approximately $28,394,945.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephan Scholl sold 428,574 shares of the firm's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $9.81, for a total value of $4,204,310.94. Following the completion of the transaction, the chief executive officer now directly owns 8,198,199 shares of the company's stock, valued at $80,424,332.19. The disclosure for this sale can be found here. Insiders sold 543,029 shares of company stock worth $12,385,217 in the last quarter. 3.96% of the stock is currently owned by company insiders.
Alight Stock Down 1.6 %
Shares of ALIT stock traded down $0.12 on Thursday, hitting $7.51. The stock had a trading volume of 5,084,086 shares, compared to its average volume of 6,792,980. Alight, Inc. has a 12-month low of $6.33 and a 12-month high of $10.38. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of -12.11, a price-to-earnings-growth ratio of 1.35 and a beta of 0.94. The business has a 50 day moving average of $8.86 and a 200 day moving average of $8.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.57 and a quick ratio of 1.57.
Alight (NYSE:ALIT - Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $816.00 million for the quarter, compared to analysts' expectations of $832.41 million. Alight had a negative net margin of 9.19% and a positive return on equity of 5.14%. As a group, analysts expect that Alight, Inc. will post 0.5 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts recently commented on ALIT shares. UBS Group lifted their price objective on Alight from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, March 21st. Needham & Company LLC decreased their price objective on Alight from $13.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, May 9th. Wedbush cut their target price on Alight from $14.00 to $12.00 and set an "outperform" rating on the stock in a report on Friday, May 10th. Canaccord Genuity Group lifted their price target on shares of Alight from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday, March 21st. Finally, KeyCorp lowered their price objective on shares of Alight from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Thursday, May 9th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $12.00.
Read Our Latest Report on ALIT
Alight Company Profile
(Free Report)
Alight, Inc provides cloud-based integrated digital human capital and business solutions worldwide. The company operates through two segments, Employer Solutions and Professional Services. The Employer Solutions segment offers employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll; and operates AI-led capabilities software.
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