Man Group plc Buys Shares of 52,583 Alliance Laundry Holdings Inc. $ALH

Key Points

• Man Group initiated a position in Alliance Laundry Holdings by purchasing 52,583 shares worth approximately $1.395 million during the second quarter. Several other institutional investors also opened new positions.
• Alliance Laundry reported quarterly earnings of $0.41 per share, exceeding analyst expectations of $0.35, on revenue of $476.75 million. Analysts expect full-year earnings of $1.34 per share.
• Analyst sentiment remains positive, with four Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $31.20, compared with the stock’s reported price of $22.43.

Man Group plc purchased a new stake in shares of Alliance Laundry Holdings Inc. (NYSE:ALH - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 52,583 shares of the company's stock, valued at approximately $1,395,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jupiter Topco LLC bought a new position in Alliance Laundry in the 2nd quarter valued at approximately $395,000. Legal & General Group Plc bought a new stake in Alliance Laundry during the 2nd quarter worth approximately $864,000. The Manufacturers Life Insurance Company acquired a new position in Alliance Laundry in the 2nd quarter valued at approximately $1,534,000. Quantbot Technologies LP acquired a new position in Alliance Laundry in the 2nd quarter valued at approximately $770,000. Finally, Callan Family Office LLC bought a new position in shares of Alliance Laundry during the second quarter valued at $770,000.

Insiders Place Their Bets

In other news, insider Amanda Brooke Kopetsky sold 13,472 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $27.00, for a total value of $363,744.00. Following the transaction, the insider directly owned 7,331 shares of the company's stock, valued at $197,937. The trade was a 64.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samantha Leigh Hannan sold 6,000 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $26.80, for a total value of $160,800.00. Following the sale, the insider owned 286,066 shares in the company, valued at approximately $7,666,568.80. The trade was a 2.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 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.

Alliance Laundry Trading Up 0.8%

NYSE:ALH opened at $22.43 on Thursday. Alliance Laundry Holdings Inc. has a 52 week low of $18.64 and a 52 week high of $28.23. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.14 and a current ratio of 1.43. The firm's fifty day moving average is $25.40 and its 200-day moving average is $24.23. The firm has a market cap of $4.46 billion and a P/E ratio of 24.65.

Alliance Laundry (NYSE:ALH - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.41 earnings per share 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 net margin of 10.08% and a return on equity of 81.92%. Equities analysts expect that Alliance Laundry Holdings Inc. will post 1.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ALH. BMO Capital Markets boosted their price objective on shares of Alliance Laundry from $30.00 to $31.00 and gave the stock an "outperform" rating in a research note on Monday, August 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Alliance Laundry in a research report on Friday, August 7th. Morgan Stanley lifted their target price on Alliance Laundry from $27.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, May 29th. Citigroup upped their price target on Alliance Laundry from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Finally, 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. Four 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, the company presently has an average rating of "Moderate Buy" and an average price target of $31.20.

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.

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