Alliance Holdings GP, L.P. (NASDAQ:AHGP) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.

Several other research analysts have also commented on the company. Zacks Investment Research lowered Alliance Holdings GP, L.P. from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded Alliance Holdings GP, L.P. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th.

Shares of Alliance Holdings GP, L.P. (AHGP) traded up 1.95% during midday trading on Thursday, reaching $24.62. The company had a trading volume of 73,503 shares. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 7.01 and a beta of 0.50. The stock has a 50-day moving average of $26.91 and a 200 day moving average of $28.12. Alliance Holdings GP, L.P. has a 52 week low of $20.29 and a 52 week high of $32.70.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last released its quarterly earnings results on Monday, May 1st. The energy company reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.11. The company had revenue of $461 million during the quarter, compared to analyst estimates of $477.40 million. Alliance Holdings GP, L.P. had a return on equity of 19.70% and a net margin of 10.61%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $0.96 earnings per share. On average, analysts anticipate that Alliance Holdings GP, L.P. will post $3.16 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in Alliance Holdings GP, L.P. by 2.0% in the first quarter. Goldman Sachs Group Inc. now owns 156,033 shares of the energy company’s stock valued at $4,280,000 after buying an additional 3,107 shares in the last quarter. HighTower Advisors LLC bought a new position in Alliance Holdings GP, L.P. during the first quarter valued at approximately $1,317,000. Bank of America Corp DE raised its position in Alliance Holdings GP, L.P. by 0.6% in the first quarter. Bank of America Corp DE now owns 22,207 shares of the energy company’s stock valued at $609,000 after buying an additional 140 shares in the last quarter. KCG Holdings Inc. bought a new position in Alliance Holdings GP, L.P. during the first quarter valued at approximately $288,000. Finally, U S Global Investors Inc raised its position in Alliance Holdings GP, L.P. by 11.4% in the first quarter. U S Global Investors Inc now owns 44,900 shares of the energy company’s stock valued at $1,232,000 after buying an additional 4,600 shares in the last quarter. Institutional investors own 24.11% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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