Alignment Healthcare, Inc. (NASDAQ:ALHC - Get Free Report) CEO John Kao sold 118,000 shares of the firm's stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $17.48, for a total transaction of $2,062,640.00. Following the completion of the sale, the chief executive officer owned 2,354,641 shares of the company's stock, valued at approximately $41,159,124.68. This trade represents a 4.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Alignment Healthcare Price Performance
NASDAQ ALHC opened at $17.51 on Tuesday. The firm's fifty day simple moving average is $20.37 and its two-hundred day simple moving average is $18.83. The firm has a market capitalization of $3.58 billion, a P/E ratio of -1,749.25, a P/E/G ratio of 2.54 and a beta of 1.19. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 1.80. Alignment Healthcare, Inc. has a 12-month low of $11.63 and a 12-month high of $23.87.
Alignment Healthcare (NASDAQ:ALHC - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.10. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Alignment Healthcare had a negative return on equity of 0.49% and a negative net margin of 0.02%.The business's revenue for the quarter was up 44.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.16) EPS. Analysts forecast that Alignment Healthcare, Inc. will post -0.69 EPS for the current fiscal year.
Institutional Trading of Alignment Healthcare
Large investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its holdings in shares of Alignment Healthcare by 85.8% during the third quarter. Teacher Retirement System of Texas now owns 102,827 shares of the company's stock worth $1,794,000 after purchasing an additional 47,472 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Alignment Healthcare in the 3rd quarter worth approximately $3,499,000. Hudson Bay Capital Management LP purchased a new position in Alignment Healthcare during the 3rd quarter worth approximately $4,581,000. Inspire Investing LLC purchased a new position in Alignment Healthcare during the 3rd quarter worth approximately $1,129,000. Finally, Cinctive Capital Management LP acquired a new stake in Alignment Healthcare during the 3rd quarter valued at approximately $3,814,000. Hedge funds and other institutional investors own 86.19% of the company's stock.
Analyst Upgrades and Downgrades
ALHC has been the subject of several recent analyst reports. Piper Sandler raised their price target on Alignment Healthcare from $20.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, January 6th. Weiss Ratings restated a "sell (d-)" rating on shares of Alignment Healthcare in a report on Wednesday, January 21st. Wall Street Zen lowered shares of Alignment Healthcare from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. KeyCorp reiterated an "overweight" rating and issued a $28.00 target price on shares of Alignment Healthcare in a research note on Thursday, January 22nd. Finally, UBS Group boosted their target price on shares of Alignment Healthcare from $18.00 to $21.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.56.
Read Our Latest Report on Alignment Healthcare
Alignment Healthcare Company Profile
(
Get Free Report)
Alignment Healthcare, Inc (NASDAQ: ALHC) is a health care company specializing in value-based care for Medicare Advantage beneficiaries. The company leverages an integrated care model that combines in-home clinical services, telehealth capabilities and digital health tools to manage chronic conditions, improve outcomes and enhance patient experience.
At the core of Alignment Healthcare's approach is a proprietary technology platform that aggregates real-time clinical and claims data to support preventive care, risk stratification and personalized care plans.
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