Teacher Retirement System of Texas Purchases 47,472 Shares of Alignment Healthcare, Inc. $ALHC

Teacher Retirement System of Texas boosted its holdings in shares of Alignment Healthcare, Inc. (NASDAQ:ALHC) by 85.8% during the 3rd quarter, Holdings Channel reports. The fund owned 102,827 shares of the company’s stock after buying an additional 47,472 shares during the period. Teacher Retirement System of Texas’ holdings in Alignment Healthcare were worth $1,794,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ALHC. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Alignment Healthcare by 2.3% during 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. Tidal Investments LLC lifted its holdings in Alignment Healthcare by 4.9% during the second quarter. Tidal Investments LLC now owns 18,094 shares of the company’s stock worth $253,000 after buying an additional 852 shares during the period. Signaturefd LLC boosted its position in Alignment Healthcare by 142.6% during the 2nd quarter. Signaturefd LLC now owns 3,768 shares of the company’s stock valued at $53,000 after acquiring an additional 2,215 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Alignment Healthcare by 4.6% in 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 acquiring an additional 2,594 shares during the period. Finally, SBI Securities Co. Ltd. raised its position in shares of Alignment Healthcare by 4,868.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,031 shares of the company’s stock worth $42,000 after acquiring an additional 2,970 shares in the last quarter. Institutional investors own 86.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ALHC. Wall Street Zen downgraded Alignment Healthcare from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Piper Sandler raised their price target on shares of Alignment Healthcare from $20.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alignment Healthcare in a research note on Wednesday, January 21st. JPMorgan Chase & Co. raised their target price on shares of Alignment Healthcare from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Finally, Zacks Research downgraded Alignment Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Alignment Healthcare has a consensus rating of “Moderate Buy” and a consensus target price of $23.05.

Insider Activity at Alignment Healthcare

In other Alignment Healthcare news, insider Hyong Kim sold 16,506 shares of Alignment Healthcare stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $21.35, for a total transaction of $352,403.10. Following the completion of the transaction, the insider owned 333,133 shares in the company, valued at approximately $7,112,389.55. This trade represents a 4.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John E. Kao sold 180,000 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $21.11, for a total value of $3,799,800.00. Following the sale, the chief executive officer directly owned 2,832,641 shares in the company, valued at approximately $59,797,051.51. This trade represents a 5.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,103,532 shares of company stock worth $40,529,538 in the last three months. Company insiders own 7.00% of the company’s stock.

Alignment Healthcare Stock Up 0.1%

Alignment Healthcare stock opened at $22.53 on Friday. Alignment Healthcare, Inc. has a fifty-two week low of $11.63 and a fifty-two week high of $23.87. The company has a market cap of $4.51 billion, a PE ratio of -187.75, a PEG ratio of 5.92 and a beta of 1.16. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.61 and a current ratio of 1.61. The business’s 50-day simple moving average is $20.48 and its two-hundred day simple moving average is $17.45.

Alignment Healthcare (NASDAQ:ALHC) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. Alignment Healthcare had a negative net margin of 0.57% and a negative return on equity of 16.23%. The company had revenue of $993.70 million for the quarter, compared to the consensus estimate of $980.90 million. During the same quarter in the prior year, the company earned ($0.14) EPS. Alignment Healthcare’s quarterly revenue was up 43.5% on a year-over-year basis. Equities analysts anticipate that Alignment Healthcare, Inc. will post -0.69 EPS for the current year.

Alignment Healthcare Profile

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.