Alliance Holdings GP, L.P. (AHGP) Stock Rating Lowered by Zacks Investment Research

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

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. “

Several other research firms have also recently commented on AHGP. BidaskClub upgraded Alliance Holdings GP, L.P. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. ValuEngine upgraded Alliance Holdings GP, L.P. from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd.

Shares of Alliance Holdings GP, L.P. (NASDAQ:AHGP) opened at 27.26 on Monday. Alliance Holdings GP, L.P. has a 12 month low of $22.71 and a 12 month high of $32.70. The company has a market capitalization of $1.63 billion, a P/E ratio of 7.87 and a beta of 0.53. The company’s 50 day moving average price is $26.91 and its 200 day moving average price is $26.99.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last posted its earnings results on Monday, July 31st. The energy company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.02). Alliance Holdings GP, L.P. had a return on equity of 19.15% and a net margin of 10.69%. The business had revenue of $398.60 million for the quarter, compared to analysts’ expectations of $461.30 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Alliance Holdings GP, L.P.’s quarterly revenue was down 9.2% compared to the same quarter last year. Analysts expect that Alliance Holdings GP, L.P. will post $3.34 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of AHGP. Global X Management Co. LLC lifted its stake in Alliance Holdings GP, L.P. by 3.9% during the first quarter. Global X Management Co. LLC now owns 11,385 shares of the energy company’s stock worth $312,000 after purchasing an additional 430 shares during the last quarter. Geode Capital Management LLC lifted its stake in Alliance Holdings GP, L.P. by 19.2% during the first quarter. Geode Capital Management LLC now owns 86,278 shares of the energy company’s stock worth $2,365,000 after purchasing an additional 13,893 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Alliance Holdings GP, L.P. by 9.3% during the first 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 last quarter. U S Global Investors Inc lifted its stake in Alliance Holdings GP, L.P. by 11.4% during the first quarter. U S Global Investors Inc now owns 44,900 shares of the energy company’s stock worth $1,232,000 after purchasing an additional 4,600 shares during the last quarter. Finally, KCG Holdings Inc. bought a new stake in Alliance Holdings GP, L.P. during the first quarter worth about $288,000. 21.41% of the stock is 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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