300,000 Shares in Alliance Laundry Holdings Inc. $ALH Bought by Seven Grand Managers LLC

Seven Grand Managers LLC purchased a new position in shares of Alliance Laundry Holdings Inc. (NYSE:ALH) in the fourth quarter, HoldingsChannel reports. The fund purchased 300,000 shares of the company’s stock, valued at approximately $6,105,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Comerica Bank acquired a new stake in Alliance Laundry during the 4th quarter worth about $50,000. Strs Ohio acquired a new stake in Alliance Laundry during the 4th quarter worth about $157,000. Phoenix Financial Ltd. acquired a new stake in Alliance Laundry during the 4th quarter worth about $221,000. M&T Bank Corp acquired a new stake in Alliance Laundry during the 4th quarter worth about $380,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Alliance Laundry during the 4th quarter worth about $3,209,000.

Alliance Laundry Stock Up 2.2%

Shares of ALH opened at $25.52 on Thursday. Alliance Laundry Holdings Inc. has a 52 week low of $18.64 and a 52 week high of $27.48. 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 market capitalization of $5.07 billion and a P/E ratio of 30.75. The business has a 50-day moving average of $23.38.

Alliance Laundry (NYSE:ALH) last issued its earnings results on Tuesday, May 12th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $426.89 million during the quarter. During the same quarter last year, the firm earned $0.20 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. As a group, equities analysts anticipate that Alliance Laundry Holdings Inc. will post 1.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wall Street Zen raised Alliance Laundry from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Zacks Research raised Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Robert W. Baird raised their target price on shares of Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Weiss Ratings raised shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, Citigroup raised their target price on shares of Alliance Laundry from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $31.00.

Alliance Laundry Profile

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.