Seven Grand Managers LLC Makes New $6.11 Million Investment in Alliance Laundry Holdings Inc. $ALH

Seven Grand Managers LLC acquired a new position in shares of Alliance Laundry Holdings Inc. (NYSE:ALH) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 300,000 shares of the company’s stock, valued at approximately $6,105,000. Seven Grand Managers LLC owned 0.15% of Alliance Laundry as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Comerica Bank purchased a new position in shares of Alliance Laundry in the 4th quarter valued at $50,000. Strs Ohio purchased a new position in shares of Alliance Laundry in the 4th quarter valued at $157,000. Phoenix Financial Ltd. purchased a new position in shares of Alliance Laundry in the 4th quarter valued at $221,000. M&T Bank Corp purchased a new position in shares of Alliance Laundry in the 4th quarter valued at $380,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Alliance Laundry in the 4th quarter valued at $3,209,000.

Alliance Laundry Price Performance

Shares of ALH stock opened at $25.52 on Thursday. Alliance Laundry Holdings Inc. has a 1-year low of $18.64 and a 1-year high of $27.48. The stock’s fifty day simple moving average is $23.38. The company has a current ratio of 1.37, a quick ratio of 1.05 and a debt-to-equity ratio of 4.00. The stock has a market cap of $5.07 billion and a P/E ratio of 30.75.

Alliance Laundry (NYSE:ALH) last announced its earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. The business had revenue of $426.89 million for the quarter. During the same quarter last year, the business posted $0.20 EPS. Alliance Laundry’s revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Alliance Laundry Holdings Inc. will post 1.28 earnings per share for the current year.

Analysts Set New Price Targets

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

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.