Alignment Healthcare, Inc. (NASDAQ:ALHC – Get Free Report) CEO John Kao sold 385,270 shares of Alignment Healthcare stock in a transaction on Friday, September 11th. The stock was sold at an average price of $12.68, for a total transaction of $4,885,223.60. Following the transaction, the chief executive officer directly owned 1,223,473 shares in the company, valued at approximately $15,513,637.64. This represents a 23.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Alignment Healthcare Trading Down 1.2%
NASDAQ:ALHC traded down $0.15 on Friday, reaching $12.61. The company’s stock had a trading volume of 6,075,652 shares, compared to its average volume of 3,839,666. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.70 and a current ratio of 1.70. The business’s 50-day moving average price is $16.17 and its two-hundred day moving average price is $18.03. Alignment Healthcare, Inc. has a 1-year low of $12.39 and a 1-year high of $25.12. The firm has a market cap of $2.62 billion, a PE ratio of 66.37 and a beta of 1.11.
Alignment Healthcare (NASDAQ:ALHC – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Alignment Healthcare had a return on equity of 20.02% and a net margin of 0.89%.The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the business earned $0.07 EPS. Alignment Healthcare’s revenue for the quarter was up 31.6% compared to the same quarter last year. Equities research analysts anticipate that Alignment Healthcare, Inc. will post 0.17 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on ALHC
Institutional Trading of Alignment Healthcare
Several institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in shares of Alignment Healthcare by 92.6% in the first quarter. Royal Bank of Canada now owns 92,379 shares of the company’s stock worth $1,720,000 after acquiring an additional 44,413 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Alignment Healthcare by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,557 shares of the company’s stock valued at $1,109,000 after purchasing an additional 2,594 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Alignment Healthcare by 79.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 972,715 shares of the company’s stock valued at $18,112,000 after purchasing an additional 429,703 shares during the last quarter. Woodline Partners LP acquired a new position in Alignment Healthcare during the 1st quarter worth approximately $2,142,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Alignment Healthcare by 16.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 307,655 shares of the company’s stock worth $5,729,000 after purchasing an additional 44,452 shares in the last quarter. 86.19% of the stock is currently owned by institutional investors.
About Alignment Healthcare
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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