Alliance Holdings GP, L.P. (AHGP) Upgraded to Sell by BidaskClub

BidaskClub upgraded shares of Alliance Holdings GP, L.P. (NASDAQ:AHGP) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday, June 13th.

Separately, Zacks Investment Research raised shares of Alliance Holdings GP, L.P. from a hold rating to a buy rating and set a $33.00 price target for the company in a report on Thursday, May 4th.

Shares of Alliance Holdings GP, L.P. (AHGP) traded down 2.52% during midday trading on Tuesday, reaching $23.95. 132,604 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $28.12 and its 200 day moving average price is $28.49. Alliance Holdings GP, L.P. has a 1-year low of $19.00 and a 1-year high of $32.70. The stock has a market capitalization of $1.43 billion, a P/E ratio of 6.82 and a beta of 0.46.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last announced its quarterly earnings results on Monday, May 1st. The energy company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.11. Alliance Holdings GP, L.P. had a net margin of 10.61% and a return on equity of 19.70%. The company had revenue of $461 million during the quarter, compared to the consensus estimate of $477.40 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts predict that Alliance Holdings GP, L.P. will post $3.16 earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of AHGP. Energy Income Partners LLC acquired a new stake in shares of Alliance Holdings GP, L.P. during the fourth quarter worth $52,660,000. Meiji Yasuda Life Insurance Co acquired a new stake in shares of Alliance Holdings GP, L.P. during the first quarter worth $36,286,000. Wells Fargo & Company MN increased its stake in shares of Alliance Holdings GP, L.P. by 5,930.7% in the first quarter. Wells Fargo & Company MN now owns 281,816 shares of the energy company’s stock worth $7,730,000 after buying an additional 277,143 shares during the last quarter. Oakcliff Capital Partners LP acquired a new stake in shares of Alliance Holdings GP, L.P. during the first quarter worth $6,168,000. Finally, First Manhattan Co. increased its stake in shares of Alliance Holdings GP, L.P. by 88.2% in the first quarter. First Manhattan Co. now owns 211,438 shares of the energy company’s stock worth $5,507,000 after buying an additional 99,088 shares during the last quarter. 24.11% of the stock is owned by institutional investors.

About Alliance Holdings GP, L.P.

Alliance Holdings GP, L.P. (AHGP) is a limited partnership company. The Company owns directly and indirectly the members’ interest in Alliance Resource Management GP, LLC (MGP), the managing general partner of Alliance Resource Partners, L.P. (ARLP). The Company’s segments include Illinois Basin, Appalachia, and Other and Corporate.

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