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

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Gabelli Funds LLC reduced its position in shares of Alithya Group Inc. (NYSE:ALYA) by 1.6% in the third quarter, HoldingsChannel.com reports. The firm owned 674,000 shares of the company’s stock after selling 11,000 shares during the period. Gabelli Funds LLC’s holdings in Alithya Group were worth $1,995,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Fiera Capital Corp lifted its holdings in Alithya Group by 97.7% in the second quarter. Fiera Capital Corp now owns 1,439,956 shares of the company’s stock worth $3,904,000 after buying an additional 711,456 shares during the period. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in Alithya Group in the third quarter worth about $646,000. Dalton Greiner Hartman Maher & Co. purchased a new stake in Alithya Group in the third quarter worth about $393,000. Intact Investment Management Inc. lifted its holdings in 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 during the period. Finally, Bank of Montreal Can lifted its holdings in 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 during the period.

ALYA traded up $0.05 on Friday, hitting $2.90. The company had a trading volume of 24,590 shares, compared to its average volume of 20,338. Alithya Group Inc. has a 52-week low of $2.25 and a 52-week high of $4.80. The stock has a fifty day simple moving average of $2.83 and a 200-day simple moving average of $2.90.

Alithya Group (NYSE:ALYA) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The company had revenue of $53.99 million during the quarter, compared to analysts’ expectations of $56.25 million.

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

Alithya Group Profile

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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