Alignment Healthcare, Inc. (NASDAQ:ALHC – Get Free Report) insider Christopher J. Joyce sold 1,333 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $9.00, for a total transaction of $11,997.00. Following the transaction, the insider now directly owns 405,579 shares in the company, valued at $3,650,211. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Alignment Healthcare Trading Up 3.9 %
Shares of ALHC stock traded up $0.34 during trading hours on Tuesday, hitting $9.17. 677,296 shares of the company were exchanged, compared to its average volume of 944,135. The firm has a market cap of $1.75 billion, a PE ratio of -11.10 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 company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.23. The firm has a fifty day moving average of $8.34 and a 200 day moving average of $6.76.
Alignment Healthcare (NASDAQ:ALHC – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.01. The business had revenue of $681.29 million for the quarter, compared to analyst estimates of $637.66 million. Alignment Healthcare had a negative net margin of 6.85% and a negative return on equity of 95.55%. The company’s revenue was up 47.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.15) EPS. Analysts expect that Alignment Healthcare, Inc. will post -0.67 earnings per share for the current year.
Analyst Upgrades and Downgrades
Get Our Latest Analysis on ALHC
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of ALHC. Jacobs Levy Equity Management Inc. acquired a new stake in Alignment Healthcare during the 1st quarter worth approximately $918,000. Jump Financial LLC acquired a new stake in Alignment Healthcare during the 4th quarter worth approximately $575,000. Vanguard Group Inc. increased its position in Alignment Healthcare by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 9,121,432 shares of the company’s stock worth $63,303,000 after purchasing an additional 322,661 shares in the last quarter. Barlow Wealth Partners Inc. acquired a new stake in Alignment Healthcare during the 4th quarter worth approximately $100,000. Finally, Assenagon Asset Management S.A. increased its position in Alignment Healthcare by 283.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 315,629 shares of the company’s stock worth $1,566,000 after purchasing an additional 233,417 shares in the last quarter. 86.19% of the stock is currently owned by hedge funds and other institutional investors.
Alignment Healthcare Company 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.
Read More
- Five stocks we like better than Alignment Healthcare
- How to Buy Cheap Stocks Step by Step
- Uber’s Earnings Beat: Rideshare and Delivery Surge
- About the Markup Calculator
- Hims & Hers Reports Stellar Quarter: Stock Set for a Rally
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Cloudflare Stock Flares Up on Solid EPS Beat and Raised Guidance
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.