Alliance Holdings GP, L.P. (AHGP) Downgraded by Zacks Investment Research

Alliance Holdings GP, L.P. (NASDAQ:AHGP) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Friday.

According to Zacks, “Alliance Holdings GP, L.P., through its subsidiaries, produces and markets coal primarily to utilities and industrial users in the United States. It produces a range of steam coal with varying sulfur and heat contents. Alliance Holdings GP, L.P. is a limited partnership formed to own and control Alliance Resource Management GP, LLC, the managing general partner of Alliance Resource Partners, L.P., a publicly traded limited partnership engaged in the production and marketing of coal to major U.S. utilities and industrial users. . In addition, the company leases land and operates a coal loading terminal. . Further, it engages in trading of coal, as well as offers services, including ash and scrubber sludge removal, coal yard maintenance, and arranging alternate transportation services. The company is based in Tulsa, Oklahoma. “

Other equities analysts have also recently issued reports about the stock. TheStreet upgraded shares of Alliance Holdings GP, L.P. from a “c+” rating to a “b-” rating in a research report on Monday, October 16th. ValuEngine lowered shares of Alliance Holdings GP, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. reduced their price objective on shares of Alliance Holdings GP, L.P. from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Wednesday. Stifel Nicolaus reissued a “hold” rating and set a $31.00 target price (down from $32.00) on shares of Alliance Holdings GP, L.P. in a research note on Wednesday. Finally, BidaskClub raised shares of Alliance Holdings GP, L.P. from a “strong sell” rating to a “sell” rating in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $30.67.

Shares of Alliance Holdings GP, L.P. (AHGP) traded down $0.06 during mid-day trading on Friday, hitting $25.74. 60,656 shares of the company traded hands, compared to its average volume of 102,248. The company has a market cap of $1,540.00, a P/E ratio of 7.60 and a beta of 0.56. The company has a quick ratio of 0.54, a current ratio of 0.83 and a debt-to-equity ratio of 0.39. Alliance Holdings GP, L.P. has a 1-year low of $22.71 and a 1-year high of $32.70.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last issued its quarterly earnings data on Monday, October 30th. The energy company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.26). The business had revenue of $453.09 million during the quarter, compared to analyst estimates of $486.80 million. Alliance Holdings GP, L.P. had a return on equity of 17.78% and a net margin of 10.76%. Alliance Holdings GP, L.P.’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 EPS. equities research analysts anticipate that Alliance Holdings GP, L.P. will post 3.34 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in Alliance Holdings GP, L.P. by 19.2% in the first quarter. Geode Capital Management LLC now owns 86,278 shares of the energy company’s stock valued at $2,365,000 after acquiring an additional 13,893 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Alliance Holdings GP, L.P. by 9.3% in the 1st quarter. Renaissance Technologies LLC now owns 84,880 shares of the energy company’s stock worth $2,328,000 after purchasing an additional 7,225 shares during the period. KCG Holdings Inc. bought a new position in Alliance Holdings GP, L.P. in the 1st quarter worth approximately $288,000. Bank of America Corp DE boosted its stake in Alliance Holdings GP, L.P. by 0.6% in the 1st quarter. Bank of America Corp DE now owns 22,207 shares of the energy company’s stock worth $609,000 after purchasing an additional 140 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Alliance Holdings GP, L.P. by 2.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 156,033 shares of the energy company’s stock worth $4,280,000 after purchasing an additional 3,107 shares during the period. 21.81% of the stock is currently owned by hedge funds and other institutional investors.

Alliance Holdings GP, L.P. Company Profile

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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