Quantbot Technologies LP Acquires New Stake in Alliance Laundry Holdings Inc. $ALH

Quantbot Technologies LP bought a new stake in Alliance Laundry Holdings Inc. (NYSE:ALHFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 29,034 shares of the company’s stock, valued at approximately $770,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALH. California State Teachers Retirement System raised its position in shares of Alliance Laundry by 1,683.8% in the first quarter. California State Teachers Retirement System now owns 48,001 shares of the company’s stock valued at $996,000 after buying an additional 45,310 shares during the last quarter. Element Capital Management LLC acquired a new stake in Alliance Laundry during the fourth quarter worth approximately $2,544,000. Norges Bank purchased a new stake in Alliance Laundry in the 4th quarter worth approximately $55,962,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Alliance Laundry in the 4th quarter worth approximately $3,209,000. Finally, Swiss National Bank acquired a new position in Alliance Laundry in the 1st quarter valued at $2,024,000.

Insiders Place Their Bets

In other Alliance Laundry news, CAO Brian Christopher Sikora sold 17,500 shares of Alliance Laundry stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $26.15, for a total value of $457,625.00. Following the completion of the sale, the chief accounting officer directly owned 13,951 shares in the company, valued at $364,818.65. The trade was a 55.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jan Gommaar M. Vleugels sold 75,000 shares of Alliance Laundry stock in a transaction on Monday, August 17th. The shares were sold at an average price of $24.75, for a total transaction of $1,856,250.00. Following the completion of the sale, the chief operating officer directly owned 449,563 shares of the company’s stock, valued at approximately $11,126,684.25. The trade was a 14.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 212,528 shares of company stock valued at $5,439,521. 7.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Alliance Laundry in a report on Friday, August 7th. JPMorgan Chase & Co. upped their price target on Alliance Laundry from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, August 14th. Morgan Stanley raised their target price on shares of Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Robert W. Baird raised their target price on Alliance Laundry from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Finally, BMO Capital Markets boosted their price objective on shares of Alliance Laundry from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, August 17th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Alliance Laundry currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.20.

Check Out Our Latest Stock Report on ALH

Alliance Laundry Stock Up 0.5%

Alliance Laundry stock opened at $23.97 on Thursday. Alliance Laundry Holdings Inc. has a one year low of $18.64 and a one year high of $28.23. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.14 and a current ratio of 1.43. The firm has a market capitalization of $4.76 billion and a P/E ratio of 26.34. The company has a 50-day simple moving average of $25.77 and a 200-day simple moving average of $24.27.

Alliance Laundry (NYSE:ALHGet Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. The company had revenue of $476.75 million for the quarter. Alliance Laundry had a return on equity of 81.92% and a net margin of 10.08%. As a group, equities analysts expect that Alliance Laundry Holdings Inc. will post 1.34 earnings per share for the current year.

About Alliance Laundry

(Free Report)

Alliance Laundry Systems (NYSE: ALH) is a manufacturer and distributor of commercial and residential laundry equipment and related services. The company designs, produces and sells a range of coin-operated and vended machines, on-premises washers and dryers, and allied equipment for laundromats, multi-housing, hospitality, healthcare and other institutional customers. Alliance’s product strategy emphasizes durable, high-throughput machines for professional laundry operators as well as appliances geared to self-service and multi-dwelling applications.

Its product portfolio includes coin-operated and card-operated washers and dryers, stacked and single-pocket models, industrial-grade on-premises equipment, and parts and accessories.

See Also

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Institutional Ownership by Quarter for Alliance Laundry (NYSE:ALH)

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