Samson Rock Capital LLP Grows Stock Holdings in Alight, Inc. (NYSE:ALIT)

Samson Rock Capital LLP increased its stake in Alight, Inc. (NYSE:ALIT) by 110.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 504,000 shares of the company’s stock after acquiring an additional 264,000 shares during the period. Alight comprises 2.7% of Samson Rock Capital LLP’s investment portfolio, making the stock its 4th biggest position. Samson Rock Capital LLP’s holdings in Alight were worth $3,488,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ALIT. State Street Corp grew its holdings in Alight by 1.2% during the 3rd quarter. State Street Corp now owns 11,905,766 shares of the company’s stock worth $88,103,000 after acquiring an additional 141,828 shares during the period. Rubric Capital Management LP boosted its position in shares of Alight by 38.3% in the 3rd quarter. Rubric Capital Management LP now owns 11,646,679 shares of the company’s stock worth $86,185,000 after purchasing an additional 3,223,617 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Alight by 0.8% during the third quarter. Geode Capital Management LLC now owns 10,068,446 shares of the company’s stock worth $74,521,000 after purchasing an additional 77,948 shares during the period. River Road Asset Management LLC increased its holdings in Alight by 2.9% in the third quarter. River Road Asset Management LLC now owns 9,988,254 shares of the company’s stock valued at $73,913,000 after purchasing an additional 286,133 shares during the last quarter. Finally, Kinney Asset Management LLC lifted its stake in Alight by 2.5% in the third quarter. Kinney Asset Management LLC now owns 6,247,546 shares of the company’s stock valued at $46,232,000 after buying an additional 150,000 shares during the period. 96.74% of the stock is currently owned by institutional investors.

Alight Trading Down 0.8 %

NYSE ALIT opened at $6.57 on Friday. Alight, Inc. has a 52 week low of $6.15 and a 52 week high of $10.38. 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’s 50 day moving average price is $6.95 and its two-hundred day moving average price is $7.19.

Alight (NYSE:ALIT) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Alight had a negative net margin of 7.95% and a positive return on equity of 5.61%. The business had revenue of $555.00 million for the quarter, compared to analyst estimates of $538.39 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. As a group, research analysts forecast that Alight, Inc. will post 0.47 earnings per share for the current year.

Alight Dividend Announcement

The business also recently announced a — dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, December 2nd.

Insider Activity at Alight

In related news, insider Gregory A. George sold 84,929 shares of Alight stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $7.60, for a total transaction of $645,460.40. Following the completion of the transaction, the insider now owns 223,327 shares in the company, valued at approximately $1,697,285.20. This trade represents a 27.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William P. Foley II sold 5,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $8.25, for a total value of $41,250,000.00. Following the transaction, the director now directly owns 883,323 shares in the company, valued at approximately $7,287,414.75. This trade represents a 84.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,334,929 shares of company stock valued at $43,895,460. Insiders own 5.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. KeyCorp boosted their price objective on shares of Alight from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Needham & Company LLC lowered their price objective on shares of Alight from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, January 9th. Finally, Canaccord Genuity Group boosted their target price on Alight from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.61.

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.