Wedge Capital Management L L P NC raised its holdings in Alight, Inc. (NYSE:ALIT – Free Report) by 15.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 584,574 shares of the company’s stock after buying an additional 76,485 shares during the period. Wedge Capital Management L L P NC owned about 0.10% of Alight worth $4,314,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. First Horizon Advisors Inc. boosted its holdings in shares of Alight by 38.9% in the 4th quarter. First Horizon Advisors Inc. now owns 6,776 shares of the company’s stock valued at $58,000 after purchasing an additional 1,897 shares in the last quarter. Motco bought a new position in shares of Alight in the 1st quarter worth about $95,000. Duality Advisers LP bought a new stake in Alight in the 1st quarter valued at about $119,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in Alight in the 1st quarter valued at about $147,000. Finally, Saxon Interests Inc. increased its position in Alight by 15.4% in the 1st quarter. Saxon Interests Inc. now owns 19,668 shares of the company’s stock valued at $194,000 after buying an additional 2,632 shares in the last quarter. Institutional investors own 96.74% of the company’s stock.
Alight Price Performance
Shares of ALIT stock traded up $0.17 on Thursday, reaching $6.97. The company’s stock had a trading volume of 4,075,423 shares, compared to its average volume of 6,191,341. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.55. Alight, Inc. has a 12-month low of $6.15 and a 12-month high of $10.38. The company has a market capitalization of $3.91 billion, a P/E ratio of -11.23, a PEG ratio of 1.35 and a beta of 0.87. The stock’s 50 day simple moving average is $7.22 and its 200-day simple moving average is $8.33.
Wall Street Analyst Weigh In
View Our Latest Report on ALIT
Insider Buying and Selling at Alight
In other Alight news, COO Katie J. Rooney sold 47,851 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $7.11, for a total transaction of $340,220.61. Following the sale, the chief operating officer now owns 2,880,753 shares in the company, valued at $20,482,153.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.33% of the company’s stock.
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.
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