Alliance Laundry Holdings Inc.’s Lock-Up Period To Expire on April 7th (NYSE:ALH)

Alliance Laundry’s (NYSE:ALH) lock-up period will end on Tuesday, April 7th. Alliance Laundry had issued 37,560,974 shares in its IPO on October 9th. The total size of the offering was $826,341,428 based on an initial share price of $22.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Analyst Ratings Changes

A number of research firms have recently weighed in on ALH. Weiss Ratings started coverage on Alliance Laundry in a research note on Wednesday, January 14th. They issued a “sell (d+)” rating for the company. Citigroup decreased their target price on Alliance Laundry from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Zacks Research downgraded Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Wall Street Zen raised shares of Alliance Laundry from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.00.

Alliance Laundry Stock Down 0.4%

Shares of ALH stock opened at $21.28 on Friday. The business has a fifty day moving average of $21.77. Alliance Laundry has a 52 week low of $18.64 and a 52 week high of $27.48. The stock has a market cap of $4.21 billion and a PE ratio of 40.92. The company has a debt-to-equity ratio of 4.54, a quick ratio of 1.09 and a current ratio of 1.40.

Alliance Laundry (NYSE:ALH) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The firm had revenue of $434.87 million for the quarter, compared to analysts’ expectations of $424.12 million. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year.

Institutional Trading of Alliance Laundry

Hedge funds have recently modified their holdings of the company. Comerica Bank purchased a new position in shares of Alliance Laundry in the fourth quarter valued at $50,000. California State Teachers Retirement System purchased a new stake in Alliance Laundry during the fourth quarter valued at $55,000. Caitong International Asset Management Co. Ltd bought a new position in Alliance Laundry during the fourth quarter valued at $63,000. Russell Investments Group Ltd. bought a new position in Alliance Laundry during the fourth quarter valued at $71,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Alliance Laundry in the 4th quarter worth $140,000.

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.