Caisse Des Depots ET Consignations Invests $2.24 Million in Alignment Healthcare, Inc. (NASDAQ:ALHC)

Caisse Des Depots ET Consignations acquired a new stake in Alignment Healthcare, Inc. (NASDAQ:ALHC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 199,391 shares of the company’s stock, valued at approximately $2,243,000. Caisse Des Depots ET Consignations owned 0.10% of Alignment Healthcare as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Alignment Healthcare in the fourth quarter valued at $55,000. Ballentine Partners LLC acquired a new stake in Alignment Healthcare in the 4th quarter valued at about $121,000. Aigen Investment Management LP purchased a new position in Alignment Healthcare during the 4th quarter valued at about $129,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Alignment Healthcare during the third quarter worth about $131,000. Finally, AlphaQuest LLC purchased a new stake in shares of Alignment Healthcare in the fourth quarter valued at about $132,000. Hedge funds and other institutional investors own 86.19% of the company’s stock.

Insider Buying and Selling

In other Alignment Healthcare news, CEO John E. Kao sold 90,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $13.06, for a total transaction of $1,175,400.00. Following the completion of the sale, the chief executive officer now owns 2,273,100 shares of the company’s stock, valued at approximately $29,686,686. The trade was a 3.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Dawn Christine Maroney sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $13.61, for a total value of $408,300.00. Following the completion of the transaction, the president now owns 1,606,097 shares in the company, valued at approximately $21,858,980.17. This trade represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,901,665 shares of company stock valued at $29,141,513. Insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ALHC shares. Barclays lifted their price objective on Alignment Healthcare from $8.00 to $9.00 and gave the stock an “underweight” rating in a research report on Friday, February 28th. Piper Sandler raised their price target on Alignment Healthcare from $14.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Bank of America boosted their price target on Alignment Healthcare from $15.50 to $18.50 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Stifel Nicolaus increased their price objective on Alignment Healthcare from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Stephens reissued an “overweight” rating and issued a $17.00 target price on shares of Alignment Healthcare in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.83.

Alignment Healthcare Trading Up 3.0 %

NASDAQ ALHC opened at $18.13 on Friday. The company has a market cap of $3.48 billion, a P/E ratio of -23.55 and a beta of 1.49. Alignment Healthcare, Inc. has a 12 month low of $4.46 and a 12 month high of $18.22. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.60. The company has a 50-day moving average of $15.21 and a 200-day moving average of $12.91.

Alignment Healthcare Profile

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.