Fintel reports that on October 11, 2024, Keybanc initiated coverage of Alignment Healthcare (NasdaqGS:ALHC) with a Sector Weight recommendation.
Analyst Price Forecast Suggests 9.58% Downside
As of September 25, 2024, the average one-year price target for Alignment Healthcare is $10.35/share. The forecasts range from a low of $7.07 to a high of $12.60. The average price target represents a decrease of 9.58% from its latest reported closing price of $11.45 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Alignment Healthcare is 2,128MM, a decrease of 4.66%. The projected annual non-GAAP EPS is -0.66.
What is the Fund Sentiment?
There are 268 funds or institutions reporting positions in Alignment Healthcare. This is an decrease of 22 owner(s) or 7.59% in the last quarter. Average portfolio weight of all funds dedicated to ALHC is 0.14%, an increase of 77.01%. Total shares owned by institutions increased in the last three months by 2.26% to 174,236K shares. 
The put/call ratio of ALHC is 0.48, indicating a bullish outlook.
What are Other Shareholders Doing?
General Atlantic holds 60,993K shares representing 31.88% ownership of the company. No change in the last quarter.
Warburg Pincus holds 17,923K shares representing 9.37% ownership of the company. No change in the last quarter.
Deerfield Management Company, L.p. holds 10,901K shares representing 5.70% ownership of the company. In its prior filing, the firm reported owning 8,271K shares , representing an increase of 24.13%. The firm increased its portfolio allocation in ALHC by 98.74% over the last quarter.
T. Rowe Price Investment Management holds 8,033K shares representing 4.20% ownership of the company. In its prior filing, the firm reported owning 8,304K shares , representing a decrease of 3.37%. The firm increased its portfolio allocation in ALHC by 57.33% over the last quarter.
FSPHX - Health Care Portfolio holds 5,600K shares representing 2.93% ownership of the company. In its prior filing, the firm reported owning 4,482K shares , representing an increase of 19.96%. The firm increased its portfolio allocation in ALHC by 77.91% over the last quarter.
Alignment Healthcare Background Information
(This description is provided by the company.)
Alignment Healthcare is a consumer-centric platform delivering customized health care in the United States to seniors and those who need it most, the chronically ill and frail, through its Medicare Advantage plans. Alignment Healthcare provides partners and patients with customized care and service where they need it and when they need it, including clinical coordination, risk management and technology facilitation. Alignment Healthcare offers health plan options through Alignment Health Plan, and also partners with select health plans to help deliver better benefits at lower costs.
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