Alliance Holdings GP, L.P. (NASDAQ:AHGP) shares rose 4.6% on Tuesday . The stock traded as high as $25.58 and last traded at $25.05, with a volume of 59,205 shares. The stock had previously closed at $23.95.

Separately, Zacks Investment Research upgraded Alliance Holdings GP, L.P. from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Friday, July 29th.

The company has a 50 day moving average of $24.60 and a 200 day moving average of $19.97. The stock has a market capitalization of $1.50 billion, a P/E ratio of 9.30 and a beta of 0.54.

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Alliance Holdings GP, L.P. (NASDAQ:AHGP) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.10. The firm earned $439.04 million during the quarter, compared to the consensus estimate of $427.63 million. During the same period last year, the company earned $1.02 EPS. The firm’s revenue for the quarter was down 27.4% compared to the same quarter last year. On average, equities research analysts forecast that Alliance Holdings GP, L.P. will post $2.60 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Neuberger Berman Group LLC boosted its stake in shares of Alliance Holdings GP, L.P. by 8.6% in the second quarter. Neuberger Berman Group LLC now owns 7,279,383 shares of the company’s stock valued at $153,158,000 after buying an additional 574,731 shares during the period. Energy Income Partners LLC boosted its stake in shares of Alliance Holdings GP, L.P. by 21.2% in the first quarter. Energy Income Partners LLC now owns 1,603,530 shares of the company’s stock valued at $23,443,000 after buying an additional 279,993 shares during the period. Van ECK Associates Corp boosted its stake in shares of Alliance Holdings GP, L.P. by 3.5% in the second quarter. Van ECK Associates Corp now owns 277,864 shares of the company’s stock valued at $5,846,000 after buying an additional 9,357 shares during the period. Mountain Lake Investment Management LLC boosted its stake in shares of Alliance Holdings GP, L.P. by 2.1% in the second quarter. Mountain Lake Investment Management LLC now owns 237,900 shares of the company’s stock valued at $5,005,000 after buying an additional 4,900 shares during the period. Finally, First Manhattan Co. boosted its stake in shares of Alliance Holdings GP, L.P. by 3.0% in the second quarter. First Manhattan Co. now owns 207,638 shares of the company’s stock valued at $4,368,000 after buying an additional 6,000 shares during the period.

About Alliance Holdings GP, L.P.

Alliance Holdings GP, L.P. is a limited partnership company. The Company owns directly and indirectly 100% of 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.

5 Day Chart for NASDAQ:AHGP

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