Alliance Holdings GP (AHGP) Raised to “Sell” at BidaskClub

BidaskClub upgraded shares of Alliance Holdings GP (NASDAQ:AHGP) from a strong sell rating to a sell rating in a research note released on Wednesday morning.

AHGP has been the subject of a number of other reports. ValuEngine cut Alliance Holdings GP from a buy rating to a hold rating in a report on Friday, February 2nd. TheStreet cut Alliance Holdings GP from a b- rating to a c+ rating in a report on Wednesday, February 28th. Stifel Nicolaus set a $32.00 price target on Alliance Holdings GP and gave the stock a hold rating in a report on Tuesday, January 16th. Finally, Zacks Investment Research lowered Alliance Holdings GP from a buy rating to a hold rating in a research note on Tuesday, March 20th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has an average rating of Hold and a consensus target price of $31.33.

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NASDAQ AHGP opened at $24.32 on Wednesday. The firm has a market cap of $1,465.45, a PE ratio of 7.67 and a beta of 0.62. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.98 and a quick ratio of 0.77. Alliance Holdings GP has a twelve month low of $22.71 and a twelve month high of $31.79.

Alliance Holdings GP (NASDAQ:AHGP) last released its quarterly earnings results on Monday, January 29th. The energy company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The business had revenue of $483.13 million for the quarter, compared to analysts’ expectations of $473.60 million. Alliance Holdings GP had a return on equity of 16.54% and a net margin of 10.36%. During the same quarter in the prior year, the company posted $1.02 earnings per share.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mountain Lake Investment Management LLC lifted its stake in Alliance Holdings GP by 5.9% during the 4th quarter. Mountain Lake Investment Management LLC now owns 715,000 shares of the energy company’s stock worth $19,155,000 after acquiring an additional 40,000 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Alliance Holdings GP by 43.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 631,946 shares of the energy company’s stock worth $16,929,000 after acquiring an additional 192,184 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Alliance Holdings GP by 32.1% during the 4th quarter. Wells Fargo & Company MN now owns 608,626 shares of the energy company’s stock worth $16,305,000 after acquiring an additional 147,988 shares in the last quarter. Magnolia Group LLC lifted its stake in Alliance Holdings GP by 171.1% during the 4th quarter. Magnolia Group LLC now owns 398,033 shares of the energy company’s stock worth $10,663,000 after acquiring an additional 251,229 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Alliance Holdings GP by 45.7% during the 4th quarter. Deutsche Bank AG now owns 209,797 shares of the energy company’s stock worth $5,619,000 after acquiring an additional 65,782 shares in the last quarter. 21.37% of the stock is currently owned by hedge funds and other institutional investors.

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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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