Brant Point Investment Management LLC Invests $2.41 Million in Alliance Laundry Holdings Inc. $ALH

Brant Point Investment Management LLC acquired a new position in shares of Alliance Laundry Holdings Inc. (NYSE:ALH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 118,344 shares of the company’s stock, valued at approximately $2,408,000. Brant Point Investment Management LLC owned about 0.06% of Alliance Laundry at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Comerica Bank purchased a new stake in shares of Alliance Laundry during the 4th quarter worth approximately $50,000. New York State Common Retirement Fund purchased a new stake in shares of Alliance Laundry during the 4th quarter worth approximately $140,000. Strs Ohio purchased a new stake in Alliance Laundry in the 4th quarter valued at $157,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Alliance Laundry in the 4th quarter valued at $207,000. Finally, Phoenix Financial Ltd. purchased a new stake in Alliance Laundry in the 4th quarter valued at $221,000.

Alliance Laundry Stock Performance

Shares of ALH opened at $25.47 on Friday. 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 firm has a market cap of $5.06 billion and a PE ratio of 30.68. The firm has a fifty day moving average price of $24.67. Alliance Laundry Holdings Inc. has a 1 year low of $18.64 and a 1 year high of $27.48.

Alliance Laundry (NYSE:ALH) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The firm had revenue of $426.89 million during the quarter. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 earnings per share. Sell-side analysts predict that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.