Thompson Siegel & Walmsley LLC Has $10.10 Million Stock Position in Alight, Inc. $ALIT

Thompson Siegel & Walmsley LLC increased its position in Alight, Inc. (NYSE:ALIT) by 57.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,177,007 shares of the company’s stock after purchasing an additional 1,895,403 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Alight were worth $10,095,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Alight by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 43,783,776 shares of the company’s stock worth $85,378,000 after buying an additional 1,205,027 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Alight by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 25,937,324 shares of the company’s stock valued at $84,558,000 after buying an additional 348,285 shares during the last quarter. Rubric Capital Management LP raised its position in Alight by 10.8% in the 2nd quarter. Rubric Capital Management LP now owns 19,626,953 shares of the company’s stock valued at $111,089,000 after buying an additional 1,906,140 shares during the last quarter. Cooper Creek Partners Management LLC raised its position in Alight by 6.6% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 19,168,119 shares of the company’s stock valued at $62,488,000 after buying an additional 1,187,092 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Alight by 289.1% in the 3rd quarter. Wellington Management Group LLP now owns 13,909,404 shares of the company’s stock valued at $45,345,000 after buying an additional 10,334,915 shares during the last quarter. Institutional investors own 96.74% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ALIT. Bank of America initiated coverage on Alight in a research report on Tuesday, February 17th. They set an “underperform” rating and a $1.40 price target on the stock. KeyCorp lowered Alight from an “overweight” rating to a “sector weight” rating in a report on Thursday, February 19th. Weiss Ratings downgraded Alight from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 7th. Needham & Company LLC downgraded Alight from a “buy” rating to a “hold” rating in a research report on Thursday, February 19th. Finally, Citigroup downgraded Alight from a “buy” rating to a “neutral” rating and dropped their target price for the company from $6.50 to $1.00 in a research report on Friday, February 20th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Alight has an average rating of “Hold” and an average price target of $3.56.

Insider Buying and Selling

In other Alight news, CEO Rohit Verma purchased 112,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average cost of $0.89 per share, for a total transaction of $99,680.00. Following the completion of the acquisition, the chief executive officer owned 1,134,883 shares of the company’s stock, valued at $1,010,045.87. The trade was a 10.95% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.10% of the company’s stock.

Alight Stock Down 0.4%

Alight stock opened at $0.94 on Tuesday. Alight, Inc. has a 1-year low of $0.48 and a 1-year high of $6.11. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.92. The firm’s fifty day moving average price is $0.71 and its two-hundred day moving average price is $1.29. The firm has a market capitalization of $501.90 million, a price-to-earnings ratio of -0.16, a price-to-earnings-growth ratio of 0.29 and a beta of 1.60.

Alight (NYSE:ALIT) last posted its earnings results on Tuesday, May 5th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. Alight had a positive return on equity of 13.04% and a negative net margin of 137.50%.The company had revenue of $534.00 million for the quarter, compared to analyst estimates of $502.74 million. On average, equities research analysts predict that Alight, Inc. will post 0.28 earnings per share for the current fiscal year.

About Alight

Alight, Inc (NYSE: ALIT) is a leading provider of cloud-based human capital and financial solutions designed to help organizations and their employees navigate critical life and work events. The company offers a comprehensive suite of services, including payroll administration, benefits enrollment and management, workforce and analytics solutions, health and welfare support, and financial wellness programs. By integrating advanced technology with expert advisory services, Alight aims to simplify the administration of human resources and benefits functions, improve employee engagement and productivity, and drive cost efficiencies for its clients.

Alight’s core platform leverages cloud architecture and automation to deliver scalable and secure solutions that address the needs of mid-sized and large enterprises.