Alliance Holdings GP, L.P. (NASDAQ:AHGP) Upgraded by TheStreet to B-

Alliance Holdings GP, L.P. (NASDAQ:AHGP) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Monday, October 16th.

AHGP has been the subject of several other research reports. Zacks Investment Research downgraded Alliance Holdings GP, L.P. from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 9th. ValuEngine downgraded Alliance Holdings GP, L.P. from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub downgraded Alliance Holdings GP, L.P. from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th.

Alliance Holdings GP, L.P. (AHGP) opened at 27.83 on Monday. Alliance Holdings GP, L.P. has a 1-year low of $22.71 and a 1-year high of $32.70. The stock has a 50 day moving average price of $27.30 and a 200 day moving average price of $27.01. The company has a market cap of $1.67 billion, a PE ratio of 8.04 and a beta of 0.53.

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

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Hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its position in shares of Alliance Holdings GP, L.P. by 224.7% during the second quarter. Russell Investments Group Ltd. now owns 30,764 shares of the energy company’s stock worth $729,000 after acquiring an additional 21,289 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Alliance Holdings GP, L.P. during the second quarter worth $546,000. Wells Fargo & Company MN raised its position in shares of Alliance Holdings GP, L.P. by 63.5% during the second quarter. Wells Fargo & Company MN now owns 460,828 shares of the energy company’s stock worth $10,922,000 after acquiring an additional 179,012 shares during the last quarter. KCG Holdings Inc. bought a new stake in shares of Alliance Holdings GP, L.P. during the first quarter worth $288,000. Finally, Meritage Portfolio Management bought a new stake in shares of Alliance Holdings GP, L.P. during the second quarter worth $1,866,000. Institutional investors own 21.46% of the company’s stock.

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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