Alight, Inc. (NYSE:ALIT) Shares Acquired by Littlejohn & Co. LLC

Littlejohn & Co. LLC increased its holdings in shares of Alight, Inc. (NYSE:ALIT - Free Report) by 6.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,450,859 shares of the company's stock after purchasing an additional 93,500 shares during the period. Alight accounts for 5.4% of Littlejohn & Co. LLC's holdings, making the stock its 6th biggest holding. Littlejohn & Co. LLC owned about 0.27% of Alight worth $10,736,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its position in Alight by 65.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 7,498 shares of the company's stock worth $55,000 after purchasing an additional 2,961 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Alight in the third quarter valued at $74,000. KBC Group NV raised its position 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 acquiring an additional 2,331 shares during the period. Ingalls & Snyder LLC boosted its stake in shares of Alight by 20.9% during the 2nd quarter. Ingalls & Snyder LLC now owns 12,919 shares of the company's stock worth $95,000 after acquiring an additional 2,235 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in shares of Alight in the 2nd quarter valued at about $105,000. 96.74% of the stock is owned by institutional investors.

Insider Buying and Selling at Alight

In other news, Director William P. Foley II sold 5,000,000 shares of the company's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $8.25, for a total value of $41,250,000.00. Following the completion of the sale, the director now directly owns 883,323 shares of the company's stock, valued at approximately $7,287,414.75. This represents a 84.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gregory A. George sold 84,929 shares of Alight stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $7.60, for a total value of $645,460.40. Following the completion of the transaction, the insider now owns 223,327 shares in the company, valued at $1,697,285.20. This trade represents a 27.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.33% of the stock is owned by insiders.

Alight Trading Up 1.4 %

Shares of ALIT stock traded up $0.11 during trading hours on Monday, hitting $8.09. The company had a trading volume of 5,538,460 shares, compared to its average volume of 5,781,037. 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 stock has a market capitalization of $4.39 billion, a PE ratio of -16.62 and a beta of 0.87. The company's fifty day moving average is $7.34 and its 200 day moving average is $7.35. Alight, Inc. has a fifty-two week low of $6.15 and a fifty-two week high of $10.38.

Alight (NYSE:ALIT - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $555.00 million for the quarter, compared to the consensus estimate of $538.39 million. Alight had a negative net margin of 7.95% and a positive return on equity of 5.61%. The firm's revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. Research analysts expect that Alight, Inc. will post 0.47 earnings per share for the current fiscal year.

Alight Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.04 dividend. The ex-dividend date is Monday, December 2nd.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ALIT shares. KeyCorp upped their target price on Alight from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Citigroup cut their target price on shares of Alight from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. JPMorgan Chase & Co. lowered shares of Alight from an "overweight" rating to a "neutral" rating and set a $8.00 price target on the stock. in a research note on Tuesday, August 20th. Canaccord Genuity Group increased their target price on Alight from $11.00 to $12.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Wedbush lowered their price target on Alight from $12.00 to $10.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Alight currently has an average rating of "Moderate Buy" and a consensus target price of $10.95.

About Alight

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.