29,034 Shares in Alliance Laundry Holdings Inc. $ALH Bought by Quantbot Technologies LP

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Callan Family Office LLC bought a new position in shares of Alliance Laundry during the 2nd quarter worth about $770,000. BlackRock Inc. bought a new stake in shares of Alliance Laundry in the second quarter valued at about $85,422,000. Deutsche Bank AG acquired a new stake in Alliance Laundry during the second quarter worth about $1,187,000. Persistent Asset Partners Ltd bought a new position in Alliance Laundry during the second quarter valued at about $232,000. Finally, Bank of New York Mellon Corp bought a new position in Alliance Laundry during the second quarter valued at about $3,299,000.

Alliance Laundry Stock Up 0.5%

NYSE ALH opened at $23.97 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.14 and a debt-to-equity ratio of 3.35. The stock’s 50 day moving average is $25.77 and its two-hundred day moving average is $24.27. The company has a market capitalization of $4.76 billion and a price-to-earnings ratio of 26.34. Alliance Laundry Holdings Inc. has a 1-year low of $18.64 and a 1-year high of $28.23.

Alliance Laundry (NYSE:ALH) last issued its earnings results on Thursday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Alliance Laundry Holdings Inc. will post 1.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on ALH. JPMorgan Chase & Co. raised their price objective on Alliance Laundry from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th. Weiss Ratings restated a “hold (c)” rating on shares of Alliance Laundry in a research report on Friday, August 7th. Zacks Research cut Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Citigroup lifted their price target on shares of Alliance Laundry from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, BMO Capital Markets boosted their price target on shares of Alliance Laundry from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, August 17th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.20.

Insider Buying and Selling

In other Alliance Laundry news, insider Amanda Brooke Kopetsky sold 13,472 shares of Alliance Laundry stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $27.00, for a total transaction of $363,744.00. Following the completion of the transaction, the insider directly owned 7,331 shares of the company’s stock, valued at approximately $197,937. This trade represents a 64.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brian Christopher Sikora sold 17,500 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $26.15, for a total transaction of $457,625.00. Following the completion of the sale, the chief accounting officer directly owned 13,951 shares in the company, valued at approximately $364,818.65. The trade was a 55.64% 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. Over the last ninety days, insiders have sold 212,528 shares of company stock valued at $5,439,521. 7.60% of the stock is currently owned by insiders.

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.