25,000 Shares in Alight, Inc. (NYSE:ALIT) Acquired by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. acquired a new stake in shares of Alight, Inc. (NYSE:ALIT) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 25,000 shares of the company’s stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also modified their holdings of ALIT. SG Americas Securities LLC lifted its stake in shares of Alight by 89.5% during the fourth quarter. SG Americas Securities LLC now owns 69,007 shares of the company’s stock valued at $589,000 after acquiring an additional 32,591 shares during the period. Arizona State Retirement System increased its position in shares of Alight by 5.6% during the 4th quarter. Arizona State Retirement System now owns 97,284 shares of the company’s stock worth $830,000 after purchasing an additional 5,180 shares during the last quarter. Strs Ohio increased its holdings in shares of Alight by 30.6% during the 4th quarter. Strs Ohio now owns 24,300 shares of the company’s stock worth $207,000 after acquiring an additional 5,700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Alight by 8.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,077 shares of the company’s stock worth $512,000 after acquiring an additional 4,892 shares during the last quarter. Finally, River Road Asset Management LLC boosted its stake in Alight by 2.9% in the 4th quarter. River Road Asset Management LLC now owns 9,360,406 shares of the company’s stock valued at $79,844,000 after purchasing an additional 263,242 shares during the period. 96.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and set a $11.00 price target on shares of Alight in a report on Monday, July 1st. DA Davidson reaffirmed a “buy” rating and set a $12.00 price target on shares of Alight in a research report on Thursday, June 20th. Wedbush decreased their target price on Alight from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, May 10th. Bank of America cut their price target on Alight from $10.00 to $9.50 and set a “buy” rating for the company in a report on Tuesday, June 25th. Finally, KeyCorp dropped their price objective on Alight from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $11.61.

Alight Stock Performance

Shares of NYSE:ALIT traded down $0.07 during midday trading on Wednesday, hitting $7.58. The company had a trading volume of 4,152,528 shares, compared to its average volume of 6,205,632. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market cap of $4.26 billion, a price-to-earnings ratio of -12.23, a PEG ratio of 1.49 and a beta of 0.87. Alight, Inc. has a 12-month low of $6.33 and a 12-month high of $10.38. The company has a fifty day moving average of $7.43 and a two-hundred day moving average of $8.47.

Alight (NYSE:ALIT) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $816.00 million during the quarter, compared to analyst estimates of $832.41 million. Alight had a positive return on equity of 5.14% and a negative net margin of 9.19%. On average, equities research analysts expect that Alight, Inc. will post 0.52 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Katie J. Rooney sold 47,851 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $7.11, for a total value of $340,220.61. Following the completion of the transaction, the chief operating officer now owns 2,880,753 shares of the company’s stock, valued at approximately $20,482,153.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.33% of the stock is currently owned by company 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.