Alight, Inc. (NYSE:ALIT) Shares Sold by Game Creek Capital LP

Game Creek Capital LP lowered its position in Alight, Inc. (NYSE:ALIT - Free Report) by 62.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 180,000 shares of the company's stock after selling 296,713 shares during the period. Game Creek Capital LP's holdings in Alight were worth $1,246,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of ALIT. Blue Trust Inc. boosted its stake in shares of Alight by 107.6% in the fourth quarter. Blue Trust Inc. now owns 3,336 shares of the company's stock worth $25,000 after buying an additional 1,729 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Alight in the 4th quarter valued at $50,000. Headlands Technologies LLC purchased a new stake in Alight during the fourth quarter worth $84,000. Sterling Capital Management LLC grew its position in Alight by 817.7% during the fourth quarter. Sterling Capital Management LLC now owns 13,224 shares of the company's stock valued at $92,000 after buying an additional 11,783 shares during the period. Finally, Winslow Asset Management Inc. purchased a new position in Alight in the fourth quarter valued at $93,000. Institutional investors and hedge funds own 96.74% of the company's stock.

Alight Price Performance

Shares of ALIT traded up $0.04 during trading hours on Tuesday, hitting $5.83. 283,508 shares of the stock were exchanged, compared to its average volume of 6,309,882. The stock's 50-day moving average price is $5.52 and its two-hundred day moving average price is $6.54. Alight, Inc. has a 12-month low of $4.49 and a 12-month high of $8.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market cap of $3.17 billion, a price-to-earnings ratio of -19.42 and a beta of 0.99.

Alight (NYSE:ALIT - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.02). The business had revenue of $548.00 million for the quarter, compared to analysts' expectations of $542.66 million. Alight had a positive return on equity of 5.42% and a negative net margin of 5.53%. Alight's quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. Research analysts expect that Alight, Inc. will post 0.54 earnings per share for the current year.

Alight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.04 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 2.74%. Alight's payout ratio is -114.29%.

Insiders Place Their Bets

In related news, Director Richard N. Massey bought 100,000 shares of the business's stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $6.39 per share, with a total value of $639,000.00. Following the purchase, the director now directly owns 1,573,489 shares of the company's stock, valued at $10,054,594.71. The trade was a 6.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert A. Schriesheim purchased 22,092 shares of the stock in a transaction dated Monday, March 3rd. The shares were purchased at an average cost of $6.79 per share, for a total transaction of $150,004.68. Following the transaction, the director now owns 22,092 shares in the company, valued at approximately $150,004.68. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 125,092 shares of company stock valued at $807,755 in the last ninety days. 5.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. DA Davidson restated a "buy" rating and set a $10.00 target price on shares of Alight in a research report on Wednesday, March 26th. Needham & Company LLC reissued a "buy" rating and issued a $9.00 price objective on shares of Alight in a report on Monday, March 24th. Finally, Wedbush cut their price objective on Alight from $11.00 to $9.00 and set an "outperform" rating for the company in a research report on Friday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Alight presently has a consensus rating of "Moderate Buy" and an average target price of $9.94.

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.