Alight, Inc. (NYSE:ALIT) Shares Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC grew its holdings in shares of Alight, Inc. (NYSE:ALIT) by 147.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,079 shares of the company’s stock after buying an additional 29,812 shares during the quarter. EntryPoint Capital LLC’s holdings in Alight were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Swiss National Bank grew its holdings in Alight by 5.0% during the 3rd quarter. Swiss National Bank now owns 792,100 shares of the company’s stock worth $5,862,000 after acquiring an additional 38,000 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Alight during the third quarter worth about $795,000. Charles Schwab Investment Management Inc. grew its stake in Alight by 16.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,898,593 shares of the company’s stock worth $36,250,000 after purchasing an additional 699,375 shares in the last quarter. FMR LLC increased its holdings in Alight by 44.4% in the third quarter. FMR LLC now owns 11,995 shares of the company’s stock valued at $89,000 after buying an additional 3,689 shares during the last quarter. Finally, Rubric Capital Management LP raised its stake in Alight by 38.3% during the third quarter. Rubric Capital Management LP now owns 11,646,679 shares of the company’s stock valued at $86,185,000 after buying an additional 3,223,617 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ALIT. DA Davidson reiterated a “buy” rating and issued a $10.00 price target on shares of Alight in a report on Wednesday. Wedbush reiterated an “outperform” rating and set a $11.00 target price on shares of Alight in a research note on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $9.00 target price on shares of Alight in a report on Monday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $10.19.

Insider Activity

In other news, Director Richard N. Massey purchased 100,000 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $6.39 per share, with a total value of $639,000.00. Following the purchase, the director now owns 1,573,489 shares in the company, valued at $10,054,594.71. This trade represents a 6.79 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert A. Schriesheim acquired 22,092 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was purchased at an average cost of $6.79 per share, for a total transaction of $150,004.68. Following the purchase, the director now directly owns 22,092 shares in the company, valued at approximately $150,004.68. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 125,092 shares of company stock valued at $807,755. Company insiders own 5.33% of the company’s stock.

Alight Price Performance

Alight stock opened at $6.19 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. Alight, Inc. has a one year low of $5.87 and a one year high of $10.04. The company has a 50-day simple moving average of $6.59 and a 200-day simple moving average of $7.02. The firm has a market capitalization of $3.36 billion, a P/E ratio of -20.63 and a beta of 0.94.

Alight (NYSE:ALIT) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.04). Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. The firm had revenue of $680.00 million during the quarter, compared to analyst estimates of $675.66 million. As a group, equities analysts expect that Alight, Inc. will post 0.54 earnings per share for the current year.

Alight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.04 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.16 annualized dividend and a dividend yield of 2.58%. Alight’s payout ratio is -53.33%.

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.