Oak Family Advisors LLC Has $223,000 Holdings in Alight, Inc. (NYSE:ALIT)

Oak Family Advisors LLC lowered its stake in Alight, Inc. (NYSE:ALIT) by 61.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 32,168 shares of the company’s stock after selling 50,754 shares during the quarter. Oak Family Advisors LLC’s holdings in Alight were worth $223,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in Alight by 107.6% during the 4th quarter. Blue Trust Inc. now owns 3,336 shares of the company’s stock worth $25,000 after acquiring an additional 1,729 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Alight by 65.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,042 shares of the company’s stock worth $37,000 after acquiring an additional 1,996 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Alight in the 3rd quarter valued at about $74,000. Nisa Investment Advisors LLC lifted its holdings in Alight by 54.0% during the third quarter. Nisa Investment Advisors LLC now owns 11,547 shares of the company’s stock valued at $85,000 after purchasing an additional 4,049 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Alight by 24.0% in the third quarter. KBC Group NV now owns 12,049 shares of the company’s stock worth $89,000 after purchasing an additional 2,331 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Insider Activity at Alight

In other Alight news, Director William P. Foley II sold 5,000,000 shares of the stock in a transaction 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 completion of the transaction, the director now owns 883,323 shares in the company, valued at approximately $7,287,414.75. This 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 can be accessed through this link. Also, insider Gregory A. George sold 84,929 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $7.60, for a total value of $645,460.40. Following the completion of the sale, the insider now directly owns 223,327 shares in the company, valued at approximately $1,697,285.20. This represents a 27.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,334,929 shares of company stock worth $43,895,460 over the last quarter. Corporate insiders own 5.33% of the company’s stock.

Alight Price Performance

NYSE ALIT opened at $6.84 on Monday. Alight, Inc. has a 12-month low of $6.15 and a 12-month high of $10.38. The company has a 50-day simple moving average of $7.09 and a two-hundred day simple moving average of $7.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30.

Alight (NYSE:ALIT) last posted its earnings results on Tuesday, November 12th. The company reported $0.09 earnings per share 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 company had revenue of $555.00 million during the quarter, compared to analyst estimates of $538.39 million. During the same period in the prior year, the business posted $0.07 earnings per share. Alight’s revenue for the quarter was down .4% on a year-over-year basis. As a group, equities analysts predict that Alight, Inc. will post 0.47 earnings per share for the current year.

Alight Dividend Announcement

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

Wall Street Analyst Weigh In

ALIT has been the subject of several analyst reports. Needham & Company LLC cut their price objective on shares of Alight from $11.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, January 9th. KeyCorp boosted their price objective on Alight from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Canaccord Genuity Group raised their price objective 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.