Alignment Healthcare, Inc. (NASDAQ:ALHC – Get Free Report) insider Mark Kent purchased 14,848 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were acquired at an average price of $13.31 per share, for a total transaction of $197,626.88. Following the completion of the purchase, the insider directly owned 14,848 shares of the company’s stock, valued at approximately $197,626.88. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Alignment Healthcare Stock Up 2.6%
Shares of NASDAQ:ALHC opened at $13.64 on Wednesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $2.82 billion, a PE ratio of 151.56, a price-to-earnings-growth ratio of 1.86 and a beta of 1.14. The firm’s 50-day moving average is $18.57 and its two-hundred day moving average is $19.38. Alignment Healthcare, Inc. has a 1 year low of $11.63 and a 1 year high of $23.87.
Alignment Healthcare (NASDAQ:ALHC – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Alignment Healthcare had a net margin of 0.47% and a return on equity of 11.50%. The business’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) earnings per share. Analysts predict that Alignment Healthcare, Inc. will post 0.19 EPS for the current year.
Analyst Ratings Changes
Check Out Our Latest Report on ALHC
Hedge Funds Weigh In On Alignment Healthcare
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP grew its position in shares of Alignment Healthcare by 8.9% during the fourth quarter. Allworth Financial LP now owns 6,917 shares of the company’s stock worth $137,000 after buying an additional 566 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Alignment Healthcare by 6.0% in the fourth quarter. State of Alaska Department of Revenue now owns 11,296 shares of the company’s stock valued at $223,000 after purchasing an additional 636 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Alignment Healthcare by 6.3% in the third quarter. Integrated Wealth Concepts LLC now owns 11,230 shares of the company’s stock valued at $196,000 after purchasing an additional 665 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Alignment Healthcare by 87.7% in the fourth quarter. Parallel Advisors LLC now owns 1,654 shares of the company’s stock valued at $33,000 after purchasing an additional 773 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Alignment Healthcare by 2.3% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 37,752 shares of the company’s stock valued at $659,000 after purchasing an additional 844 shares in the last quarter. 86.19% of the stock is owned by institutional investors and hedge funds.
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.
See Also
- Five stocks we like better than Alignment Healthcare
- Marvell Stock Soars on NVIDIA’s Trillion-Dollar Nod
- FirstCash Turns Pawn Into a Growth Machine
- HubSpot Just Crushed the Bear Case—Is a Bigger Rally Ahead?
- Aggressive Insider Buying Signals Opportunity in 3 Risky Stocks
Receive News & Ratings for Alignment Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alignment Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.
