Alignment Healthcare 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