Wellington Management Group LLP Purchases 70,557 Shares of Alignment Healthcare, Inc. $ALHC

Key Points

• Wellington Management Group LLP has increased its stake in Alignment Healthcare, Inc. by 0.9%, now holding approximately 7.5 million shares worth about $139.8 million.
• Alignment Healthcare reported a 49% increase in quarterly revenue year-over-year, totaling $1.02 billion, exceeding analysts' expectations.
• Equities research analysts have a consensus rating of "Moderate Buy" for Alignment Healthcare, with an average target price of $18.56.

Wellington Management Group LLP increased its position in Alignment Healthcare, Inc. (NASDAQ:ALHC - Free Report) by 0.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,509,057 shares of the company's stock after buying an additional 70,557 shares during the period. Wellington Management Group LLP owned 3.80% of Alignment Healthcare worth $139,819,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Alignment Healthcare by 13.2% in the 1st quarter. Vanguard Group Inc. now owns 11,113,896 shares of the company's stock worth $206,941,000 after acquiring an additional 1,295,825 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Alignment Healthcare by 54.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,649,042 shares of the company's stock valued at $97,302,000 after acquiring an additional 3,059,596 shares during the last quarter. Hood River Capital Management LLC grew its holdings in shares of Alignment Healthcare by 39.6% in the fourth quarter. Hood River Capital Management LLC now owns 4,952,995 shares of the company's stock valued at $55,721,000 after purchasing an additional 1,405,212 shares in the last quarter. 8 Knots Management LLC increased its position in Alignment Healthcare by 49.5% in the fourth quarter. 8 Knots Management LLC now owns 3,658,695 shares of the company's stock worth $41,160,000 after purchasing an additional 1,211,727 shares during the last quarter. Finally, Millennium Management LLC increased its position in Alignment Healthcare by 588.3% in the fourth quarter. Millennium Management LLC now owns 3,388,602 shares of the company's stock worth $38,122,000 after purchasing an additional 2,896,311 shares during the last quarter. Hedge funds and other institutional investors own 86.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Alignment Healthcare from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. KeyCorp upgraded Alignment Healthcare from a "sector weight" rating to an "overweight" rating and set a $21.00 price target for the company in a research report on Monday. Barclays upgraded 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. UBS Group lifted their target price on Alignment Healthcare from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Stephens raised 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 given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.83.

Insider Activity at Alignment Healthcare

In other news, President Dawn Christine Maroney sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $13.44, for a total transaction of $403,200.00. Following the transaction, the president directly owned 2,042,899 shares of the company's stock, valued at approximately $27,456,562.56. This trade represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Andreas P. Wagner sold 12,032 shares of Alignment Healthcare stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $16.47, for a total transaction of $198,167.04. Following the sale, the insider directly owned 192,043 shares of the company's stock, valued at $3,162,948.21. This represents a 5.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 636,185 shares of company stock worth $9,235,468 over the last ninety days. 6.60% of the stock is currently owned by company insiders.

Alignment Healthcare Trading Up 0.6%

Shares of NASDAQ ALHC traded up $0.10 during midday trading on Tuesday, hitting $15.68. The company's stock had a trading volume of 2,579,594 shares, compared to its average volume of 4,012,227. Alignment Healthcare, Inc. has a 12-month low of $8.65 and a 12-month high of $21.06. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The firm has a market cap of $3.11 billion, a P/E ratio of -56.00 and a beta of 1.16. The business's 50 day moving average is $13.81 and its two-hundred day moving average is $15.31.

Alignment Healthcare (NASDAQ:ALHC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.14. Alignment Healthcare had a negative return on equity of 43.68% and a negative net margin of 1.53%.The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $960.25 million. During the same quarter in the prior year, the company posted ($0.13) EPS. Alignment Healthcare's quarterly revenue was up 49.0% on a year-over-year basis. Alignment Healthcare has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that Alignment Healthcare, Inc. will post -0.69 EPS for the current year.

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.