240,000 Shares in Alight, Inc. (NYSE:ALIT) Acquired by Samson Rock Capital LLP

Samson Rock Capital LLP purchased a new stake in Alight, Inc. (NYSE:ALIT) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 240,000 shares of the company’s stock, valued at approximately $1,776,000. Alight makes up 1.8% of Samson Rock Capital LLP’s portfolio, making the stock its 6th biggest holding.

Several other institutional investors have also modified their holdings of the business. Handelsbanken Fonder AB boosted its stake in shares of Alight by 114.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 139,200 shares of the company’s stock valued at $1,030,000 after buying an additional 74,400 shares during the period. Ables Iannone Moore & Associates Inc. increased its stake in shares of Alight by 8.1% during the third quarter. Ables Iannone Moore & Associates Inc. now owns 208,750 shares of the company’s stock worth $1,545,000 after buying an additional 15,700 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Alight by 159.7% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,116,884 shares of the company’s stock valued at $8,243,000 after acquiring an additional 686,745 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Alight in the second quarter worth approximately $804,000. Finally, Creative Planning increased its position in shares of Alight by 60.2% in the 2nd quarter. Creative Planning now owns 74,781 shares of the company’s stock valued at $552,000 after purchasing an additional 28,114 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ALIT. KeyCorp lowered their target price on shares of Alight from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Citigroup lowered their price objective on Alight from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price objective on shares of Alight in a report on Monday, September 30th. Wedbush decreased their target price on Alight from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $12.00 price target on shares of Alight in a report on Thursday, June 20th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.75.

Alight Trading Down 0.8 %

ALIT opened at $7.14 on Wednesday. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of -11.52 and a beta of 0.86. Alight, Inc. has a 52 week low of $6.15 and a 52 week high of $10.38. The business’s 50 day moving average is $7.16 and its two-hundred day moving average is $7.79. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.55.

Alight (NYSE:ALIT) last announced 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. The business had revenue of $787.00 million for the quarter, compared to analysts’ expectations of $791.22 million. Alight had a negative net margin of 6.58% and a positive return on equity of 5.42%. On average, research analysts predict that Alight, Inc. will post 0.42 EPS for the current year.

About Alight

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.