Alight, Inc. (NYSE:ALIT) Shares Acquired by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC raised its holdings in Alight, Inc. (NYSE:ALIT - Free Report) by 23.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,704,322 shares of the company's stock after purchasing an additional 3,322,705 shares during the quarter. Alight accounts for 3.8% of Cooper Creek Partners Management LLC's holdings, making the stock its 5th largest holding. Cooper Creek Partners Management LLC owned 3.26% of Alight worth $122,514,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Blue Trust Inc. lifted its stake in Alight by 107.6% during the fourth quarter. Blue Trust Inc. now owns 3,336 shares of the company's stock worth $25,000 after purchasing an additional 1,729 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Alight by 65.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,042 shares of the company's stock valued at $37,000 after acquiring an additional 1,996 shares during the period. Venturi Wealth Management LLC acquired a new position in Alight in the 4th quarter valued at about $50,000. Headlands Technologies LLC purchased a new stake in Alight during the fourth quarter worth about $84,000. Finally, FMR LLC lifted its position in shares of Alight by 44.4% during the third quarter. FMR LLC now owns 11,995 shares of the company's stock worth $89,000 after purchasing an additional 3,689 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company's stock.

Insider Activity at Alight

In related news, Director Richard N. Massey purchased 100,000 shares of the business's stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of $6.39 per share, for a total transaction of $639,000.00. Following the completion of the purchase, the director now directly owns 1,573,489 shares of the company's stock, valued at $10,054,594.71. This trade represents a 6.79 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert A. Schriesheim purchased 22,092 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average cost of $6.79 per share, with a total value of $150,004.68. Following the completion of the acquisition, the director now owns 22,092 shares of the company's stock, valued at approximately $150,004.68. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 125,092 shares of company stock worth $807,755 in the last 90 days. 5.33% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on ALIT. Needham & Company LLC reiterated a "buy" rating and set a $9.00 target price on shares of Alight in a report on Monday, March 24th. Wedbush reiterated an "outperform" rating and issued a $11.00 price objective on shares of Alight in a research note on Tuesday, March 25th. Finally, DA Davidson reissued a "buy" rating and set a $10.00 target price on shares of Alight in a research note on Wednesday, March 26th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $10.19.

Alight Stock Down 0.7 %

ALIT traded down $0.04 on Friday, reaching $5.00. The company's stock had a trading volume of 10,443,425 shares, compared to its average volume of 6,084,845. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. Alight, Inc. has a fifty-two week low of $4.49 and a fifty-two week high of $9.45. The stock has a 50 day moving average of $6.03 and a two-hundred day moving average of $6.78. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of -16.65 and a beta of 0.97.

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

Alight Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.04 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.20%. Alight's payout ratio is -53.33%.

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.