Insider Selling: Alignment Healthcare, Inc. (NASDAQ:ALHC) Insider Sells $213,945.64 in Stock

Alignment Healthcare, Inc. (NASDAQ:ALHC) insider Andreas P. Wagner sold 14,878 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $14.38, for a total transaction of $213,945.64. Following the completion of the transaction, the insider now owns 200,885 shares of the company’s stock, valued at $2,888,726.30. This trade represents a 6.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Alignment Healthcare Stock Performance

Shares of ALHC opened at $13.68 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82. The firm has a fifty day simple moving average of $12.95 and a 200 day simple moving average of $11.59. Alignment Healthcare, Inc. has a 12 month low of $4.46 and a 12 month high of $15.82. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of -17.77 and a beta of 1.50.

Institutional Trading of Alignment Healthcare

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALHC. Wellington Management Group LLP raised its position in Alignment Healthcare by 77.9% during the fourth quarter. Wellington Management Group LLP now owns 7,438,500 shares of the company’s stock worth $83,683,000 after acquiring an additional 3,257,630 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in Alignment Healthcare by 54.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,649,042 shares of the company’s stock worth $97,302,000 after acquiring an additional 3,059,596 shares in the last quarter. Hood River Capital Management LLC raised its position in Alignment Healthcare by 39.6% during the fourth quarter. Hood River Capital Management LLC now owns 4,952,995 shares of the company’s stock worth $55,721,000 after acquiring an additional 1,405,212 shares in the last quarter. 8 Knots Management LLC raised its position in Alignment Healthcare by 49.5% during the fourth quarter. 8 Knots Management LLC now owns 3,658,695 shares of the company’s stock worth $41,160,000 after acquiring an additional 1,211,727 shares in the last quarter. Finally, Next Century Growth Investors LLC bought a new stake in Alignment Healthcare during the fourth quarter worth $11,453,000. 86.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on ALHC shares. Barclays upped their price target on shares of Alignment Healthcare from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Wednesday, October 30th. Stifel Nicolaus increased their target price on shares of Alignment Healthcare from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. UBS Group increased their target price on shares of Alignment Healthcare from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Stephens restated an “overweight” rating and set a $17.00 target price on shares of Alignment Healthcare in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Alignment Healthcare currently has a consensus rating of “Moderate Buy” and an average target price of $11.88.

Alignment Healthcare Company Profile

Alignment Healthcare, Inc, a tech-enabled Medicare advantage company, operates consumer-centric health care platform for seniors in the United States. It provides customized health care designed to meet the needs of a diverse array of seniors through its Medicare advantage plans. The company was founded in 2013 and is based in Orange, California.