HBK Investments L P Purchases Shares of 60,000 Alight, Inc. (NYSE:ALIT)

HBK Investments L P acquired a new stake in shares of Alight, Inc. (NYSE:ALIT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 60,000 shares of the company's stock, valued at approximately $415,000.

A number of other hedge funds have also recently modified their holdings of ALIT. Barclays PLC grew its stake in shares of Alight by 148.2% during the third quarter. Barclays PLC now owns 815,841 shares of the company's stock valued at $6,037,000 after buying an additional 487,185 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Alight by 9.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 119,700 shares of the company's stock valued at $868,000 after buying an additional 10,800 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Alight by 202.8% during the third quarter. JPMorgan Chase & Co. now owns 1,864,038 shares of the company's stock valued at $13,794,000 after buying an additional 1,248,465 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Alight by 107.6% during the fourth quarter. Blue Trust Inc. now owns 3,336 shares of the company's stock valued at $25,000 after buying an additional 1,729 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Alight by 89.2% during the fourth quarter. KBC Group NV now owns 22,802 shares of the company's stock valued at $158,000 after buying an additional 10,753 shares during the last quarter. Institutional investors own 96.74% of the company's stock.

Insider Buying and Selling at Alight

In other Alight news, Director Richard N. Massey purchased 100,000 shares of the company's stock in a transaction dated Monday, March 10th. The shares were 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 owns 1,573,489 shares of the company's stock, valued at approximately $10,054,594.71. The trade was a 6.79 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert A. Schriesheim purchased 22,092 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of $6.79 per share, for a total transaction of $150,004.68. Following the purchase, the director now directly owns 22,092 shares of the company's stock, 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 purchased 125,092 shares of company stock worth $807,755 over the last quarter. Insiders own 5.33% of the company's stock.

Analyst Ratings Changes

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

Alight Stock Down 3.6 %

ALIT traded down $0.19 on Wednesday, hitting $5.09. The company had a trading volume of 4,679,459 shares, compared to its average volume of 6,300,242. The stock has a fifty day moving average price of $5.77 and a 200-day moving average price of $6.66. Alight, Inc. has a 12-month low of $4.49 and a 12-month high of $9.45. 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 stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of -16.97 and a beta of 0.97.

Alight (NYSE:ALIT - Get Free Report) last posted its earnings results 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). Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. The company had revenue of $680.00 million during the quarter, compared to analysts' expectations of $675.66 million. Analysts predict that Alight, Inc. will post 0.54 EPS for the current fiscal year.

Alight Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 yield of 3.14%. Alight's dividend payout ratio (DPR) is presently -53.33%.

Alight 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.