Alight, Inc. (NYSE:ALIT) Shares Sold by Walleye Capital LLC

Walleye Capital LLC lowered its position in Alight, Inc. (NYSE:ALITGet Rating) by 67.6% during the second quarter, HoldingsChannel.com reports. The fund owned 13,320 shares of the company’s stock after selling 27,797 shares during the quarter. Walleye Capital LLC’s holdings in Alight were worth $90,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Truist Financial Corp grew its holdings in shares of Alight by 18.5% in the 1st quarter. Truist Financial Corp now owns 16,228 shares of the company’s stock worth $161,000 after acquiring an additional 2,539 shares during the period. Cannae Holdings Inc. grew its holdings in Alight by 13.4% during the 1st quarter. Cannae Holdings Inc. now owns 52,477,062 shares of the company’s stock valued at $522,147,000 after buying an additional 6,199,879 shares during the last quarter. Walthausen & Co. LLC grew its holdings in Alight by 7.7% during the 1st quarter. Walthausen & Co. LLC now owns 289,880 shares of the company’s stock valued at $2,884,000 after buying an additional 20,690 shares during the last quarter. Littlejohn & Co. LLC grew its holdings in Alight by 59.3% during the 2nd quarter. Littlejohn & Co. LLC now owns 1,601,011 shares of the company’s stock valued at $10,807,000 after buying an additional 595,943 shares during the last quarter. Finally, George Kaiser Family Foundation grew its holdings in Alight by 26.8% during the 2nd quarter. George Kaiser Family Foundation now owns 275,303 shares of the company’s stock valued at $1,858,000 after buying an additional 58,262 shares during the last quarter. Institutional investors and hedge funds own 72.61% of the company’s stock.

Alight Trading Down 4.9 %

Shares of Alight stock opened at $8.32 on Monday. Alight, Inc. has a fifty-two week low of $6.31 and a fifty-two week high of $11.10. The firm has a market cap of $4.62 billion, a PE ratio of 52.00 and a beta of 0.68. The business’s fifty day moving average is $8.04 and its two-hundred day moving average is $7.84. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.55.

Alight (NYSE:ALITGet Rating) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. Alight had a return on equity of 3.65% and a net margin of 2.46%. The company had revenue of $750.00 million for the quarter, compared to analyst estimates of $737.57 million. During the same quarter in the prior year, the company posted $0.18 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts anticipate that Alight, Inc. will post 0.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on ALIT shares. Credit Suisse Group increased their target price on Alight to $13.00 in a report on Tuesday, November 15th. KeyCorp started coverage on Alight in a report on Thursday, September 15th. They set an “overweight” rating and a $15.00 target price on the stock. Finally, JPMorgan Chase & Co. started coverage on Alight in a report on Tuesday, August 2nd. They set an “overweight” rating and a $10.00 target price on the stock.

Insiders Place Their Bets

In other Alight news, Director Richard N. Massey purchased 100,000 shares of Alight stock in a transaction on Monday, November 14th. The shares were bought at an average price of $8.40 per share, with a total value of $840,000.00. Following the purchase, the director now directly owns 1,193,195 shares in the company, valued at approximately $10,022,838. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder Holdings L.P. Blackstone III sold 12,154,671 shares of the stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $7.46, for a total value of $90,673,845.66. Following the transaction, the insider now directly owns 295 shares of the company’s stock, valued at approximately $2,200.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard N. Massey bought 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was purchased at an average cost of $8.40 per share, for a total transaction of $840,000.00. Following the completion of the transaction, the director now directly owns 1,193,195 shares in the company, valued at approximately $10,022,838. The disclosure for this purchase can be found here. Corporate insiders own 3.96% of the company’s stock.

Alight Profile

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Alight, Inc operates as a cloud-based provider of integrated digital human capital and business solutions worldwide. It operates through three segments: Employer Solutions, Professional Services, and Hosted Business. The company's solutions enable employees to enrich their health, wealth, and wellbeing, which helps organizations achieve a high-performance culture.

See Also

Want to see what other hedge funds are holding ALIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alight, Inc. (NYSE:ALITGet Rating).

Institutional Ownership by Quarter for Alight (NYSE:ALIT)

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