Troluce Capital Advisors LLC Buys Shares of 675,000 Alight, Inc. (NYSE:ALIT)

Troluce Capital Advisors LLC purchased a new position in shares of Alight, Inc. (NYSE:ALIT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 675,000 shares of the company’s stock, valued at approximately $4,982,000. Troluce Capital Advisors LLC owned approximately 0.12% of Alight at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ALIT. Ingalls & Snyder LLC raised its stake in Alight by 20.9% in the second quarter. Ingalls & Snyder LLC now owns 12,919 shares of the company’s stock worth $95,000 after buying an additional 2,235 shares in the last quarter. Amalgamated Bank raised its position in shares of Alight by 16.2% in the 2nd quarter. Amalgamated Bank now owns 16,434 shares of the company’s stock worth $121,000 after acquiring an additional 2,289 shares in the last quarter. Saxon Interests Inc. lifted its stake in shares of Alight by 15.4% during the 1st quarter. Saxon Interests Inc. now owns 19,668 shares of the company’s stock worth $194,000 after purchasing an additional 2,632 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Alight by 65.3% during the second quarter. Nisa Investment Advisors LLC now owns 7,498 shares of the company’s stock valued at $55,000 after purchasing an additional 2,961 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its position in Alight by 6.8% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 60,768 shares of the company’s stock valued at $518,000 after purchasing an additional 3,856 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on ALIT shares. KeyCorp decreased their price target on shares of Alight from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Bank of America decreased their target price on shares of Alight from $10.00 to $9.50 and set a “buy” rating for the company in a research report on Tuesday, June 25th. Wedbush reduced their price target on Alight from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Citigroup decreased their price objective on Alight from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. downgraded Alight from an “overweight” rating to a “neutral” rating and set a $8.00 target price on the stock. in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Alight presently has a consensus rating of “Moderate Buy” and an average target price of $10.75.

Insider Buying and Selling at Alight

In other news, COO Katie J. Rooney sold 47,851 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $7.11, for a total value of $340,220.61. Following the sale, the chief operating officer now owns 2,880,753 shares in the company, valued at $20,482,153.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.33% of the company’s stock.

Alight Stock Performance

Alight stock opened at $7.26 on Wednesday. The business’s 50-day simple moving average is $7.20 and its two-hundred day simple moving average is $7.93. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55. Alight, Inc. has a fifty-two week low of $6.15 and a fifty-two week high of $10.38.

Alight (NYSE:ALIT) last issued its earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Alight had a positive return on equity of 5.42% and a negative net margin of 6.58%. The firm had revenue of $787.00 million for the quarter, compared to analyst estimates of $791.22 million. As a group, sell-side analysts forecast that Alight, Inc. will post 0.42 EPS for the current year.

Alight Company Profile

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.