Alignment Healthcare shares drop as General Atlantic offloads big block

Alignment Healthcare

11/09/2025 17:03

** Alignment Healthcare's ALHC.O shares down 3% at $15.97 on Thurs after General Atlantic reduces its stake in the health insurer

** Orange, California-based firm late Weds disclosed proposed sale of 13.46 mln shares by the private equity firm in Rule 144/unregistered block via Morgan Stanley

** The block was priced at $16.08, a 2.2% discount to stock's last close, thefly.com reported, for ~$216.4 mln gross proceeds

** Prior to the sale, General Atlantic owned ~44 mln ALHC shares for ~22% stake

** ALHC has ~198 mln shares outstanding for ~$3.1 bln market cap

** Even with the decline on the session, shares up ~42% YTD

** In Jul, co reported Q2 rev of $1 bln, topping consensus, and raised its annual rev forecast to $3.89-$3.91 bln from prior outlook of $3.77-$3.82 bln

** Of 12 analysts covering ALHC, 9 rate the stock "strong buy" or "buy", 3 rate "hold"; median PT is $20, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com))