Samson Rock Capital LLP Makes New Investment in Alight, Inc. (NYSE:ALIT)

Samson Rock Capital LLP bought a new stake in shares of Alight, Inc. (NYSE:ALIT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 240,000 shares of the company’s stock, valued at approximately $1,776,000. Alight comprises about 1.8% of Samson Rock Capital LLP’s portfolio, making the stock its 6th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in ALIT. Neuberger Berman Group LLC raised its position in shares of Alight by 18.3% in the fourth quarter. Neuberger Berman Group LLC now owns 28,359 shares of the company’s stock valued at $242,000 after buying an additional 4,385 shares during the last quarter. Cruiser Capital Advisors LLC raised its holdings in Alight by 129.9% in the 4th quarter. Cruiser Capital Advisors LLC now owns 93,808 shares of the company’s stock valued at $800,000 after acquiring an additional 53,000 shares during the last quarter. Cantor Fitzgerald L. P. purchased a new position in Alight in the 4th quarter worth approximately $426,000. Greenlight Capital Inc. acquired a new position in shares of Alight during the 4th quarter worth approximately $78,831,000. Finally, Glenview Capital Management LLC grew its position in shares of Alight by 11.2% in the fourth quarter. Glenview Capital Management LLC now owns 18,202,012 shares of the company’s stock valued at $155,263,000 after purchasing an additional 1,835,481 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Alight Price Performance

Alight stock opened at $7.14 on Wednesday. The company’s 50 day simple moving average is $7.16 and its 200-day simple moving average is $7.79. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.37 and a current ratio of 1.37. Alight, Inc. has a 1 year low of $6.15 and a 1 year high of $10.38. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of -11.52 and a beta of 0.86.

Alight (NYSE:ALIT) last announced its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Alight had a positive return on equity of 5.42% and a negative net margin of 6.58%. The company had revenue of $787.00 million for the quarter, compared to analyst estimates of $791.22 million. As a group, equities research analysts expect that Alight, Inc. will post 0.42 earnings per share for the current year.

Analysts Set New Price Targets

ALIT has been the topic of a number of recent research reports. Bank of America lowered their price objective on Alight from $10.00 to $9.50 and set a “buy” rating on the stock in a research note on Tuesday, June 25th. Wedbush dropped their price objective on shares of Alight from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Citigroup cut their price objective on shares of Alight from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. KeyCorp decreased their target price on shares of Alight from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $9.00 price target on shares of Alight in a report on Monday, September 30th. One equities 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.75.

Alight 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.