Alignment Healthcare, Inc. (NASDAQ:ALHC - Get Free Report) insider Christopher J. Joyce sold 1,300 shares of the company's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $10.00, for a total value of $13,000.00. Following the completion of the sale, the insider now owns 404,279 shares of the company's stock, valued at $4,042,790. The transaction was disclosed in a filing with the SEC, which is available through this link.
Alignment Healthcare Stock Down 3.5 %
Shares of ALHC opened at $9.50 on Friday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of -11.31 and a beta of 1.43. Alignment Healthcare, Inc. has a 1 year low of $4.46 and a 1 year high of $10.16. The business's 50 day simple moving average is $8.89 and its 200-day simple moving average is $7.13.
Alignment Healthcare (NASDAQ:ALHC - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.01. Alignment Healthcare had a negative net margin of 6.85% and a negative return on equity of 101.10%. The company had revenue of $681.29 million for the quarter, compared to the consensus estimate of $637.66 million. During the same quarter in the prior year, the firm earned ($0.15) earnings per share. Alignment Healthcare's revenue was up 47.3% on a year-over-year basis. As a group, equities analysts expect that Alignment Healthcare, Inc. will post -0.68 earnings per share for the current fiscal year.
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A number of brokerages have commented on ALHC. TD Cowen upped their price target on Alignment Healthcare from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Tuesday, August 6th. Piper Sandler reissued an "overweight" rating and issued a $10.00 target price (up from $8.00) on shares of Alignment Healthcare in a report on Tuesday, August 6th. Barclays upped their price target on shares of Alignment Healthcare from $4.50 to $7.00 and gave the stock an "underweight" rating in a research report on Monday, August 5th. Baird R W upgraded shares of Alignment Healthcare to a "strong-buy" rating in a research report on Thursday, May 30th. Finally, Stifel Nicolaus lifted their target price on shares of Alignment Healthcare from $9.00 to $12.00 and gave the company a "buy" rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $9.83.
Read Our Latest Stock Analysis on ALHC
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in ALHC. Mackenzie Financial Corp increased its stake in Alignment Healthcare by 110.0% during the second quarter. Mackenzie Financial Corp now owns 36,526 shares of the company's stock worth $286,000 after acquiring an additional 19,129 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Alignment Healthcare by 20.9% in the second quarter. The Manufacturers Life Insurance Company now owns 55,531 shares of the company's stock worth $434,000 after buying an additional 9,595 shares during the last quarter. Deerfield Management Company L.P. Series C boosted its stake in Alignment Healthcare by 31.8% during the second quarter. Deerfield Management Company L.P. Series C now owns 10,901,485 shares of the company's stock worth $85,250,000 after buying an additional 2,630,788 shares during the period. AQR Capital Management LLC bought a new position in Alignment Healthcare during the second quarter valued at $1,512,000. Finally, Hood River Capital Management LLC lifted its holdings in shares of Alignment Healthcare by 6.4% in the 2nd quarter. Hood River Capital Management LLC now owns 3,106,690 shares of the company's stock worth $24,294,000 after acquiring an additional 185,854 shares during the last quarter. Institutional investors own 86.19% of the company's stock.
Alignment Healthcare Company Profile
(
Get Free Report)
Alignment Healthcare, Inc, a tech-enabled Medicare advantage company, operates consumer-centric health care platform for seniors in the United States. It provides customized health care designed to meet the needs of a diverse array of seniors through its Medicare advantage plans. The company was founded in 2013 and is based in Orange, California.
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