Alliance Holdings GP (NASDAQ:AHGP) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Friday, November 17th.
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. “
A number of other research analysts have also recently weighed in on AHGP. BidaskClub cut shares of Alliance Holdings GP from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. ValuEngine cut shares of Alliance Holdings GP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. TheStreet upgraded shares of Alliance Holdings GP from a “c+” rating to a “b-” rating in a research note on Monday, October 16th. decreased their price target on shares of Alliance Holdings GP from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Wednesday, November 15th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $31.00 target price (down from $32.00) on shares of Alliance Holdings GP in a report on Wednesday, November 15th. 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 stock. The stock has an average rating of “Hold” and an average target price of $30.67.
Shares of Alliance Holdings GP (NASDAQ:AHGP) traded down $0.88 during trading on Friday, hitting $24.44. 375,871 shares of the stock traded hands, compared to its average volume of 103,514. The stock has a market cap of $1,515.73, a PE ratio of 7.47 and a beta of 0.51. Alliance Holdings GP has a 1-year low of $22.71 and a 1-year high of $32.70. 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 (NASDAQ:AHGP) last issued its quarterly earnings results on Monday, October 30th. The energy company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $453.09 million for the quarter, compared to analysts’ expectations of $486.80 million. During the same quarter in the prior year, the business earned $0.81 EPS. The company’s revenue was down 17.9% compared to the same quarter last year. equities research analysts expect that Alliance Holdings GP will post 3.17 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of AHGP. HITE Hedge Asset Management LLC bought a new position in Alliance Holdings GP during the 3rd quarter valued at about $10,954,000. Mountain Lake Investment Management LLC boosted its position in Alliance Holdings GP by 61.1% in the 2nd quarter. Mountain Lake Investment Management LLC now owns 623,800 shares of the energy company’s stock valued at $14,784,000 after buying an additional 236,500 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Alliance Holdings GP in the 2nd quarter valued at about $4,774,000. Wells Fargo & Company MN boosted its position in Alliance Holdings GP by 63.5% in the 2nd quarter. Wells Fargo & Company MN now owns 460,828 shares of the energy company’s stock valued at $10,922,000 after buying an additional 179,012 shares during the period. Finally, Magnolia Group LLC purchased a new stake in Alliance Holdings GP in the 3rd quarter valued at about $4,083,000. Institutional investors own 20.92% of the company’s stock.
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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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