Brant Point Investment Management LLC purchased a new position in shares of Alliance Laundry Holdings Inc. (NYSE:ALH – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 118,344 shares of the company’s stock, valued at approximately $2,408,000.
A number of other institutional investors and hedge funds have also made changes to their positions in ALH. Comerica Bank acquired a new position in shares of Alliance Laundry during the 4th quarter worth $50,000. New York State Common Retirement Fund acquired a new position in shares of Alliance Laundry during the 4th quarter worth $140,000. Strs Ohio acquired a new position in shares of Alliance Laundry during the 4th quarter worth $157,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Alliance Laundry during the 4th quarter worth $207,000. Finally, Phoenix Financial Ltd. acquired a new position in shares of Alliance Laundry during the 4th quarter worth $221,000.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Alliance Laundry from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Morgan Stanley boosted their price objective on shares of Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Zacks Research upgraded shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, Citigroup boosted their price objective on shares of Alliance Laundry from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Alliance Laundry has an average rating of “Moderate Buy” and an average price target of $30.00.
Alliance Laundry Stock Down 1.5%
Alliance Laundry stock opened at $25.47 on Friday. The stock has a market cap of $5.06 billion and a price-to-earnings ratio of 30.68. The company has a quick ratio of 1.05, a current ratio of 1.37 and a debt-to-equity ratio of 4.00. The stock has a 50-day simple moving average of $24.67. Alliance Laundry Holdings Inc. has a 52 week low of $18.64 and a 52 week high of $27.48.
Alliance Laundry (NYSE:ALH – Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $426.89 million during the quarter. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. On average, research analysts expect that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.
About Alliance Laundry
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
- Five stocks we like better than Alliance Laundry
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Want to see what other hedge funds are holding ALH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliance Laundry Holdings Inc. (NYSE:ALH – Free Report).
Receive News & Ratings for Alliance Laundry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Laundry and related companies with MarketBeat.com's FREE daily email newsletter.
