Gabelli Funds LLC Lowers Position in Alithya Group Inc. (NYSE:ALYA)

Gabelli Funds LLC lessened its holdings in Alithya Group Inc. (NYSE:ALYA) by 1.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 674,000 shares of the company’s stock after selling 11,000 shares during the period. Gabelli Funds LLC owned 1.38% of Alithya Group worth $1,995,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ALYA. Bank of Montreal Can raised its position in shares of Alithya Group by 272.2% in the second quarter. Bank of Montreal Can now owns 31,450 shares of the company’s stock worth $82,000 after buying an additional 23,000 shares in the last quarter. Global Alpha Capital Management Ltd. raised its position in shares of Alithya Group by 62.6% in the second quarter. Global Alpha Capital Management Ltd. now owns 33,509 shares of the company’s stock worth $89,000 after buying an additional 12,900 shares in the last quarter. Dalton Greiner Hartman Maher & Co. purchased a new stake in shares of Alithya Group in the third quarter worth $393,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Alithya Group in the third quarter worth $646,000. Finally, Intact Investment Management Inc. raised its position in shares of Alithya Group by 4.9% in the second quarter. Intact Investment Management Inc. now owns 574,000 shares of the company’s stock worth $2,049,000 after buying an additional 27,000 shares in the last quarter.

ALYA has been the topic of a number of recent analyst reports. National Bank Financial reiterated an “outperfrom under weight” rating on shares of Alithya Group in a research report on Wednesday, September 11th. Zacks Investment Research downgraded Alithya Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

Shares of ALYA stock traded up $0.05 on Friday, reaching $2.90. The company’s stock had a trading volume of 24,590 shares, compared to its average volume of 20,338. Alithya Group Inc. has a 12-month low of $2.25 and a 12-month high of $4.80. The stock’s 50 day simple moving average is $2.83 and its 200-day simple moving average is $2.90.

Alithya Group (NYSE:ALYA) last released its earnings results on Wednesday, August 14th. The company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. The firm had revenue of $53.99 million during the quarter, compared to the consensus estimate of $56.25 million.

About Alithya Group

Alithya Group Inc provides strategy and digital technology services in Canada, the United States, and Europe. The company's digital strategy and transformation services include strategic consulting and organizational change, governance and strategic alignment, investment management, collaborative management and co-management, business and enterprise architecture, managing the people side of change, and project management.

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Institutional Ownership by Quarter for Alithya Group (NYSE:ALYA)

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