Alignment Healthcare (NASDAQ:ALHC) President Dawn Christine Maroney Sells 215,662 Shares

Key Points

• Dawn Christine Maroney, President of Alignment Healthcare, sold 215,662 shares of the company's stock at an average price of $16.41, totaling approximately $3.54 million, which reflects a 10.71% decrease in her ownership.
• Alignment Healthcare's shares recently traded down 0.2% to $16.45, with a fifty-two week price range between $8.82 and $21.06, while the company reported a 49% increase in quarterly revenue year-over-year.
• Wall Street analysts have expressed varying opinions on the stock, with several upgrades, leading to a consensus rating of "Moderate Buy" and an average price target of $18.83.

Alignment Healthcare, Inc. (NASDAQ:ALHC - Get Free Report) President Dawn Christine Maroney sold 215,662 shares of Alignment Healthcare stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $16.41, for a total value of $3,539,013.42. Following the completion of the transaction, the president owned 1,797,237 shares in the company, valued at $29,492,659.17. The trade was a 10.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Dawn Christine Maroney also recently made the following trade(s):

• On Monday, July 14th, Dawn Christine Maroney sold 30,000 shares of Alignment Healthcare stock. The shares were sold at an average price of $13.44, for a total value of $403,200.00.
• On Monday, June 16th, Dawn Christine Maroney sold 30,000 shares of Alignment Healthcare stock. The stock was sold at an average price of $14.48, for a total value of $434,400.00.

Alignment Healthcare Trading Down 0.2%

Shares of ALHC stock traded down $0.03 during trading hours on Wednesday, reaching $16.45. 4,860,124 shares of the company's stock were exchanged, compared to its average volume of 2,946,361. Alignment Healthcare, Inc. has a fifty-two week low of $8.82 and a fifty-two week high of $21.06. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The business has a fifty day moving average price of $14.27 and a 200-day moving average price of $15.47.

Alignment Healthcare (NASDAQ:ALHC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.14. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $960.25 million. Alignment Healthcare had a negative net margin of 1.53% and a negative return on equity of 43.68%. Alignment Healthcare's revenue was up 49.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. Alignment Healthcare has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts predict that Alignment Healthcare, Inc. will post -0.69 earnings per share for the current year.

Hedge Funds Weigh In On Alignment Healthcare

Institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its holdings in shares of Alignment Healthcare by 109.1% in the first quarter. Teacher Retirement System of Texas now owns 47,447 shares of the company's stock valued at $883,000 after buying an additional 24,755 shares during the last quarter. Northern Trust Corp increased its position in Alignment Healthcare by 8.6% in the 4th quarter. Northern Trust Corp now owns 908,964 shares of the company's stock valued at $10,226,000 after acquiring an additional 72,063 shares in the last quarter. New York State Common Retirement Fund increased its position in Alignment Healthcare by 100.9% in the 1st quarter. New York State Common Retirement Fund now owns 165,642 shares of the company's stock valued at $3,084,000 after acquiring an additional 83,187 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Alignment Healthcare by 905.7% in the first quarter. Victory Capital Management Inc. now owns 114,397 shares of the company's stock worth $2,130,000 after acquiring an additional 103,022 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Alignment Healthcare by 3,216.9% during the first quarter. GAMMA Investing LLC now owns 23,815 shares of the company's stock worth $443,000 after purchasing an additional 23,097 shares in the last quarter. 86.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on ALHC shares. Barclays raised shares of Alignment Healthcare from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $9.00 to $13.00 in a research report on Thursday, July 31st. Wall Street Zen lowered Alignment Healthcare from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. KeyCorp raised Alignment Healthcare from a "sector weight" rating to an "overweight" rating and set a $21.00 price target for the company in a report on Monday, August 25th. Zacks Research raised Alignment Healthcare to a "hold" rating in a report on Friday, August 8th. Finally, Stephens upgraded Alignment Healthcare to a "strong-buy" rating in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.83.

About Alignment Healthcare

Alignment Healthcare, Inc, a tech-enabled Medicare advantage company, operates consumer-centric health care platform for seniors in the United States. It provides customized health care designed to meet the needs of a diverse array of seniors through its Medicare advantage plans. The company was founded in 2013 and is based in Orange, California.

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