Stifel Nicolaus Reiterates Hold Rating for Alliance Holdings GP (NASDAQ:AHGP)

Stifel Nicolaus reissued their hold rating on shares of Alliance Holdings GP (NASDAQ:AHGP) in a report issued on Wednesday, November 15th, MarketBeat reports. They currently have a $31.00 target price on the energy company’s stock, down from their prior target price of $32.00.

A number of other brokerages also recently issued reports on AHGP. ValuEngine downgraded Alliance Holdings GP from a strong-buy rating to a buy rating in a research note on Thursday, July 27th. BidaskClub downgraded Alliance Holdings GP from a sell rating to a strong sell rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded Alliance Holdings GP from a hold rating to a strong-buy rating and set a $30.00 price objective for the company in a research note on Wednesday, August 9th. Finally, TheStreet upgraded Alliance Holdings GP from a c+ rating to a b- rating in a research note on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $30.67.

Alliance Holdings GP (NASDAQ:AHGP) opened at $25.32 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. Alliance Holdings GP has a 12-month low of $22.71 and a 12-month high of $32.70. The firm has a market capitalization of $1,520.00, a P/E ratio of 7.29 and a beta of 0.56.

Alliance Holdings GP (NASDAQ:AHGP) last issued its earnings results on Monday, October 30th. The energy company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.26). Alliance Holdings GP had a return on equity of 17.78% and a net margin of 10.76%. The firm had revenue of $453.09 million for the quarter, compared to analyst estimates of $486.80 million. During the same period in the previous year, the company earned $0.81 earnings per share. Alliance Holdings GP’s revenue for the quarter was down 17.9% compared to the same quarter last year. research analysts predict that Alliance Holdings GP will post 3.17 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Thursday, November 9th were issued a dividend of $0.735 per share. This is a boost from Alliance Holdings GP’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $2.94 dividend on an annualized basis and a yield of 11.61%. Alliance Holdings GP’s dividend payout ratio is 88.82%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its holdings in shares of Alliance Holdings GP by 19.2% in the 1st 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 raised its holdings in shares of Alliance Holdings GP by 9.3% in the 1st quarter. Renaissance Technologies LLC now owns 84,880 shares of the energy company’s stock valued at $2,328,000 after acquiring an additional 7,225 shares in the last quarter. KCG Holdings Inc. purchased a new stake in shares of Alliance Holdings GP in the 1st quarter valued at about $288,000. Bank of America Corp DE raised its holdings in shares of Alliance Holdings GP by 0.6% in the 1st quarter. Bank of America Corp DE now owns 22,207 shares of the energy company’s stock valued at $609,000 after acquiring an additional 140 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Alliance Holdings GP by 2.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 156,033 shares of the energy company’s stock valued at $4,280,000 after acquiring an additional 3,107 shares in the last quarter. 20.97% of the stock is currently owned by institutional investors and hedge funds.

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Alliance Holdings GP 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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