Heck Capital Advisors LLC Acquires New Shares in Alight, Inc. (NYSE:ALIT)

Heck Capital Advisors LLC bought a new stake in Alight, Inc. (NYSE:ALIT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 129,044 shares of the company’s stock, valued at approximately $893,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rubric Capital Management LP increased its holdings in Alight by 38.3% in the third quarter. Rubric Capital Management LP now owns 11,646,679 shares of the company’s stock valued at $86,185,000 after purchasing an additional 3,223,617 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Alight by 202.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,864,038 shares of the company’s stock valued at $13,794,000 after acquiring an additional 1,248,465 shares in the last quarter. Highland Peak Capital LLC bought a new position in shares of Alight during the 3rd quarter worth about $5,315,000. Charles Schwab Investment Management Inc. boosted its holdings in Alight by 16.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,898,593 shares of the company’s stock worth $36,250,000 after acquiring an additional 699,375 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Alight by 159.7% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,116,884 shares of the company’s stock valued at $8,243,000 after acquiring an additional 686,745 shares during the period. Institutional investors own 96.74% of the company’s stock.

Insiders Place Their Bets

In other news, Director William P. Foley II sold 5,000,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $8.25, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Gregory R. Goff sold 250,000 shares of Alight stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $8.00, for a total value of $2,000,000.00. Following the completion of the transaction, the president now owns 852,694 shares in the company, valued at $6,821,552. This trade represents a 22.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,334,929 shares of company stock worth $43,895,460 in the last three months. 5.33% of the stock is owned by company insiders.

Alight Stock Down 1.0 %

Shares of ALIT opened at $6.84 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30. The business’s 50 day moving average price is $7.09 and its 200-day moving average price is $7.21. Alight, Inc. has a 52 week low of $6.15 and a 52 week high of $10.38.

Alight (NYSE:ALIT) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $555.00 million for the quarter, compared to analysts’ expectations of $538.39 million. Alight had a positive return on equity of 5.61% and a negative net margin of 7.95%. Alight’s revenue was down .4% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. On average, equities analysts predict that Alight, Inc. will post 0.47 earnings per share for the current year.

Alight Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, December 2nd.

Wall Street Analysts Forecast Growth

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

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.