5 Best US Stocks To Invest In Under $10

3. Alight, Inc. (NYSE:ALIT)

Number of Hedge Fund Holders: 39

Alight, Inc. (NYSE:ALIT) is a cloud-based provider that offers integrated digital human capital and business solutions. It operates through two segments: Employer Solutions and Professional Services.

On March 20, 2024, the company has announced an agreement to sell its Payroll and Professional Services Business for up to $1.2 billion to an affiliate of H.I.G Capital. The Q4 2023 earnings call transcript shows that the company repurchased $40 million in common stock under share repurchase program and experienced a significant gain of around 35% in operating cash flow to $386 million in 2023.

Bob Peck and Andy Raab’s FPR Partners have the largest stake in the company, with shares amounting to 28.2 million and a net worth of approximately $240.5 million. And from Insider Monkey’s database of top 933 hedge funds, 39 shares are held by Alight, Inc. (NYSE:ALIT) in Q4 of 2023.