BUZZ-Alignment Healthcare down as General Atlantic to exit stake
Reuters03-03
BUZZ-<a href="https://laohu8.com/S/ALHC">Alignment Healthcare</a> down as General Atlantic to exit stake
** Senior healthcare provider Alignment Healthcare's ALHC.O shares down 1.3% in extended trading at $19.40 after secondary offering news
** Orange, California-based firm says General Atlantic to part with ~13.2 mln shares
** Private equity firm would divest its remaining ~6.5% stake with the sale, per LSEG data
** ALHC has ~204.3 mln shares outstanding
** JP Morgan is the underwriter
** ALHC shares on Mon closed up 2.2% at $19.65; Stock down 0.5% YTD though up 20% over the past six months
** Of 13 analysts covering ALHC, 11 rate the stock "strong buy" or "buy", 2 "hold"; median PT $26 - LSEG
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@thomsonreuters.com))
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments