Truist Financial Corp increased its position in shares of Alight, Inc. (NYSE:ALIT – Get Rating) by 18.5% in the first quarter, HoldingsChannel reports. The firm owned 16,228 shares of the company’s stock after acquiring an additional 2,539 shares during the quarter. Truist Financial Corp’s holdings in Alight were worth $161,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Horrell Capital Management Inc. acquired a new stake in shares of Alight during the fourth quarter worth about $128,000. Mercer Global Advisors Inc. ADV acquired a new position in Alight in the fourth quarter valued at approximately $134,000. Raymond James Trust N.A. lifted its holdings in Alight by 15.1% in the fourth quarter. Raymond James Trust N.A. now owns 12,946 shares of the company’s stock valued at $140,000 after acquiring an additional 1,694 shares during the period. Wolverine Trading LLC lifted its holdings in Alight by 71.7% in the fourth quarter. Wolverine Trading LLC now owns 13,561 shares of the company’s stock valued at $149,000 after acquiring an additional 5,661 shares during the period. Finally, AlphaCrest Capital Management LLC acquired a new position in Alight in the fourth quarter valued at approximately $153,000. Institutional investors and hedge funds own 66.88% of the company’s stock.
Alight Stock Up 0.3 %
Alight stock opened at $7.54 on Monday. The stock has a market capitalization of $4.24 billion, a PE ratio of -0.22 and a beta of 0.55. Alight, Inc. has a 12 month low of $6.31 and a 12 month high of $13.34. The business has a 50 day simple moving average of $7.46 and a 200-day simple moving average of $8.69. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.16 and a quick ratio of 1.16.
Analyst Upgrades and Downgrades
ALIT has been the subject of a number of analyst reports. Credit Suisse Group decreased their price target on Alight to $10.00 in a report on Monday, July 4th. DA Davidson cut their price objective on Alight to $12.00 in a research report on Friday, July 22nd.
Alight Company Profile
Alight, Inc operates as a cloud-based provider of integrated digital human capital and business solutions worldwide. It operates through three segments: Employer Solutions, Professional Services, and Hosted Business. The company's solutions enable employees to enrich their health, wealth, and wellbeing, which helps organizations achieve a high-performance culture.
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