National Bank of Canada FI increased its position in shares of Alithya Group Inc. (NASDAQ:ALYA – Get Rating) by 9.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,018,876 shares of the company’s stock after purchasing an additional 181,802 shares during the quarter. National Bank of Canada FI owned approximately 2.30% of Alithya Group worth $2,982,000 as of its most recent filing with the SEC.
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Several other hedge funds have also recently added to or reduced their stakes in ALYA. Cibc World Market Inc. purchased a new stake in shares of Alithya Group during the first quarter worth $27,000. Ancora Advisors LLC grew its stake in Alithya Group by 3.6% during the 1st quarter. Ancora Advisors LLC now owns 2,788,780 shares of the company’s stock valued at $6,777,000 after acquiring an additional 95,901 shares in the last quarter. Jarislowsky Fraser Ltd grew its stake in Alithya Group by 4.9% during the 3rd quarter. Jarislowsky Fraser Ltd now owns 2,135,773 shares of the company’s stock valued at $4,165,000 after acquiring an additional 100,490 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in Alithya Group in the 4th quarter valued at about $30,000. 20.59% of the stock is owned by institutional investors and hedge funds.
Alithya Group Price Performance
NASDAQ:ALYA opened at $1.97 on Friday. Alithya Group Inc. has a 52 week low of $1.43 and a 52 week high of $2.74. The stock’s fifty day moving average is $1.86 and its two-hundred day moving average is $1.78. The company has a market capitalization of $173.14 million, a P/E ratio of -15.15 and a beta of 0.81. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.57.
Alithya Group (NASDAQ:ALYA – Get Rating) last issued its quarterly earnings data on Tuesday, February 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $96.34 million during the quarter, compared to analysts’ expectations of $99.35 million. Alithya Group had a negative net margin of 3.44% and a negative return on equity of 8.57%. Equities analysts expect that Alithya Group Inc. will post -0.06 EPS for the current year.
Analyst Ratings Changes
Several research analysts have recently weighed in on ALYA shares. Scotiabank boosted their target price on Alithya Group from C$3.00 to C$3.50 in a report on Tuesday, February 21st. BMO Capital Markets raised their target price on Alithya Group from C$3.00 to C$3.50 in a research note on Wednesday, February 15th. Finally, Barrington Research began coverage on shares of Alithya Group in a research report on Wednesday, February 8th. They set an “outperform” rating and a $3.50 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $3.44.
Alithya Group Company Profile
Alithya Group Inc provides strategy and digital technology services in Canada, the United States, and Europe. The company’s business strategy services include strategic consulting, digital transformation, organizational performance, and enterprise architecture services. It also provides application services, such as digital applications DevOps, legacy systems modernization, control and software engineering, cloud infrastructure, quality assurance, and automated testing; enterprise solutions comprising enterprise resource planning, corporate performance management, customer relationship management, and human capital management; and data and analytics solutions, including business intelligence, data management, artificial intelligence (AI), and machine learning, as well as internet of things.
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