Man Group plc Buys New Shares in Alliance Laundry Holdings Inc. $ALH

Man Group plc bought a new position in shares of Alliance Laundry Holdings Inc. (NYSE:ALH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 52,583 shares of the company’s stock, valued at approximately $1,395,000.

A number of other large investors have also bought and sold shares of the stock. PNC Financial Services Group Inc. raised its holdings in shares of Alliance Laundry by 74.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock valued at $30,000 after purchasing an additional 608 shares during the period. GAMMA Investing LLC grew its stake in shares of Alliance Laundry by 11,068.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,787 shares of the company’s stock valued at $47,000 after buying an additional 1,771 shares during the period. Comerica Bank bought a new stake in Alliance Laundry in the 4th quarter valued at about $50,000. California State Teachers Retirement System bought a new stake in Alliance Laundry in the 4th quarter valued at about $55,000. Finally, State of Wyoming acquired a new position in Alliance Laundry during the 2nd quarter worth approximately $74,000.

Insider Buying and Selling

In other news, CAO Brian Christopher Sikora sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $26.15, for a total value of $457,625.00. Following the transaction, the chief accounting officer owned 13,951 shares in the company, valued at $364,818.65. This trade represents a 55.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 that occurred on Monday, August 17th. The shares were sold at an average price of $24.75, for a total value of $1,856,250.00. Following the transaction, the chief operating officer directly owned 449,563 shares in the company, valued at approximately $11,126,684.25. The trade was a 14.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 212,528 shares of company stock valued at $5,439,521. 7.60% of the stock is owned by company insiders.

Alliance Laundry Trading Up 0.8%

ALH opened at $22.43 on Thursday. Alliance Laundry Holdings Inc. has a fifty-two week low of $18.64 and a fifty-two week high of $28.23. The firm has a market capitalization of $4.46 billion and a PE ratio of 24.65. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.43 and a quick ratio of 1.14. The company’s 50-day moving average is $25.40 and its 200 day moving average is $24.23.

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

Analysts Set New Price Targets

ALH has been the topic of several recent research reports. Zacks Research lowered Alliance Laundry from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. JPMorgan Chase & Co. upped their target price on Alliance Laundry from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th. BMO Capital Markets upped their target price on Alliance Laundry from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, August 17th. Citigroup increased their target price on Alliance Laundry from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Robert W. Baird lifted their price target on shares of Alliance Laundry from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alliance Laundry has a consensus rating of “Moderate Buy” and a consensus price target of $31.20.

Alliance Laundry Company 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.