Alight, Inc. (NYSE:ALIT) Shares Purchased by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC grew its holdings in Alight, Inc. (NYSE:ALIT - Free Report) by 23.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,704,322 shares of the company's stock after purchasing an additional 3,322,705 shares during the quarter. Alight comprises about 3.8% of Cooper Creek Partners Management LLC's portfolio, making the stock its 5th biggest position. Cooper Creek Partners Management LLC owned approximately 3.26% of Alight worth $122,514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC grew its holdings in shares of Alight by 44.4% in the third quarter. FMR LLC now owns 11,995 shares of the company's stock valued at $89,000 after acquiring an additional 3,689 shares in the last quarter. Verition Fund Management LLC lifted its holdings in Alight by 288.3% during the third quarter. Verition Fund Management LLC now owns 48,776 shares of the company's stock valued at $361,000 after purchasing an additional 36,216 shares during the last quarter. State Street Corp lifted its position in shares of Alight by 1.2% during the third quarter. State Street Corp now owns 11,905,766 shares of the company's stock worth $88,103,000 after acquiring an additional 141,828 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Alight during the third quarter valued at about $588,000. Finally, Public Employees Retirement System of Ohio grew its position in shares of Alight by 65.5% during the 3rd 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. 96.74% of the stock is currently owned by institutional investors.

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Alight Stock Down 1.9 %

NYSE:ALIT traded down $0.10 on Tuesday, reaching $5.01. 7,644,362 shares of the stock traded hands, compared to its average volume of 6,029,978. The company's fifty day simple moving average is $6.10 and its 200 day simple moving average is $6.81. Alight, Inc. has a 12 month low of $4.49 and a 12 month high of $9.45. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of -16.68 and a beta of 0.97.

Alight (NYSE:ALIT - Get Free Report) last released 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). The firm had revenue of $680.00 million for the quarter, compared to the consensus estimate of $675.66 million. Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. Equities analysts predict that Alight, Inc. will post 0.54 EPS for the current fiscal year.

Alight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.16 annualized dividend and a yield of 3.20%. Alight's dividend payout ratio (DPR) is currently -53.33%.

Analyst Upgrades and Downgrades

ALIT has been the topic of a number of research analyst reports. DA Davidson reissued a "buy" rating and issued a $10.00 price target on shares of Alight in a report on Wednesday, March 26th. Needham & Company LLC reaffirmed a "buy" rating and issued a $9.00 target price on shares of Alight in a research note on Monday, March 24th. Finally, Wedbush reissued an "outperform" rating and set a $11.00 price target on shares of Alight in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Alight has a consensus rating of "Moderate Buy" and an average target price of $10.19.

Insiders Place Their Bets

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

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.