Alight, Inc. (NYSE:ALIT) is Cruiser Capital Advisors LLC’s 8th Largest Position

Cruiser Capital Advisors LLC trimmed its position in shares of Alight, Inc. (NYSE:ALIT) by 4.2% during the fourth quarter, Holdings Channel reports. The firm owned 515,451 shares of the company’s stock after selling 22,859 shares during the quarter. Alight comprises approximately 2.0% of Cruiser Capital Advisors LLC’s holdings, making the stock its 8th biggest position. Cruiser Capital Advisors LLC’s holdings in Alight were worth $3,567,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ALIT. Blue Trust Inc. grew its stake in Alight by 107.6% in the 4th quarter. Blue Trust Inc. now owns 3,336 shares of the company’s stock valued at $25,000 after acquiring an additional 1,729 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Alight by 65.5% in the third quarter. Public Employees Retirement System of Ohio now owns 5,042 shares of the company’s stock valued at $37,000 after purchasing an additional 1,996 shares in the last quarter. Cornerstone Investment Partners LLC grew its position in shares of Alight by 3.6% in the fourth quarter. Cornerstone Investment Partners LLC now owns 67,673 shares of the company’s stock valued at $468,000 after purchasing an additional 2,356 shares during the last quarter. Xponance Inc. increased its stake in shares of Alight by 8.8% during the 4th quarter. Xponance Inc. now owns 30,229 shares of the company’s stock worth $209,000 after purchasing an additional 2,437 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Alight by 17.5% during the 4th quarter. US Bancorp DE now owns 23,980 shares of the company’s stock worth $166,000 after purchasing an additional 3,576 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “buy” rating and set a $9.00 price target on shares of Alight in a research report on Monday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $10.31.

Insiders Place Their Bets

In other Alight news, Director Richard N. Massey purchased 100,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $6.39 per share, for a total transaction of $639,000.00. Following the completion of the acquisition, the director now owns 1,573,489 shares of the company’s stock, valued at approximately $10,054,594.71. This represents a 6.79 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert A. Schriesheim acquired 22,092 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of $6.79 per share, for a total transaction of $150,004.68. Following the completion of the transaction, the director now directly owns 22,092 shares of the company’s stock, valued at $150,004.68. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 125,092 shares of company stock valued at $807,755 over the last quarter. Company insiders own 5.33% of the company’s stock.

Alight Trading Up 2.9 %

Shares of Alight stock opened at $6.24 on Tuesday. Alight, Inc. has a fifty-two week low of $5.87 and a fifty-two week high of $10.04. The business’s fifty day moving average is $6.61 and its two-hundred day moving average is $7.03. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.39 billion, a PE ratio of -20.78 and a beta of 0.94.

Alight (NYSE:ALIT) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). Alight had a positive return on equity of 5.42% and a negative net margin of 5.53%. The business had revenue of $680.00 million during the quarter, compared to analyst estimates of $675.66 million. Analysts anticipate that Alight, Inc. will post 0.54 earnings per share for the current year.

Alight Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Monday, March 3rd. Alight’s dividend payout ratio (DPR) is -53.33%.

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.