Alignment Healthcare, Inc. (NASDAQ:ALHC) CFO Sells $120,650.16 in Stock

Alignment Healthcare, Inc. (NASDAQ:ALHC) CFO Robert Thomas Freeman sold 6,744 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $17.89, for a total transaction of $120,650.16. Following the completion of the sale, the chief financial officer now owns 1,464,419 shares in the company, valued at approximately $26,198,455.91. The trade was a 0.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Robert Thomas Freeman also recently made the following trade(s):

• On Tuesday, March 18th, Robert Thomas Freeman sold 13,815 shares of Alignment Healthcare stock. The stock was sold at an average price of $16.89, for a total value of $233,335.35.
• On Wednesday, March 12th, Robert Thomas Freeman sold 14,692 shares of Alignment Healthcare stock. The shares were sold at an average price of $15.43, for a total value of $226,697.56.
• On Thursday, March 6th, Robert Thomas Freeman sold 218,295 shares of Alignment Healthcare stock. The stock was sold at an average price of $15.53, for a total value of $3,390,121.35.
• On Tuesday, March 4th, Robert Thomas Freeman sold 250,000 shares of Alignment Healthcare stock. The shares were sold at an average price of $15.58, for a total transaction of $3,895,000.00.

Alignment Healthcare Price Performance

ALHC opened at $18.30 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.82. The business has a fifty day moving average of $15.28 and a 200 day moving average of $12.97. Alignment Healthcare, Inc. has a 52-week low of $4.46 and a 52-week high of $18.44. The stock has a market cap of $3.51 billion, a P/E ratio of -23.77 and a beta of 1.49.

Institutional Trading of Alignment Healthcare

Large investors have recently made changes to their positions in the stock. R Squared Ltd purchased a new position in Alignment Healthcare in the 4th quarter worth about $55,000. RiverPark Advisors LLC bought a new position in Alignment Healthcare in the 4th quarter worth about $106,000. Tower Research Capital LLC TRC increased its position in shares of Alignment Healthcare by 146.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,571 shares of the company’s stock worth $119,000 after acquiring an additional 6,286 shares during the period. Ballentine Partners LLC bought a new stake in shares of Alignment Healthcare during the fourth quarter valued at approximately $121,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Alignment Healthcare in the third quarter valued at approximately $131,000. 86.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ALHC has been the subject of a number of recent research reports. Piper Sandler lifted their price objective on shares of Alignment Healthcare from $14.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Bank of America lifted their price target on Alignment Healthcare from $15.50 to $18.50 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. William Blair restated an “outperform” rating on shares of Alignment Healthcare in a research report on Friday, February 28th. JPMorgan Chase & Co. lifted their target price on Alignment Healthcare from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, March 6th. Finally, Barclays increased their price target on Alignment Healthcare from $8.00 to $9.00 and gave the company an “underweight” rating in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $14.83.

About Alignment Healthcare

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.