Alliance Holdings GP, L.P. (NASDAQ:AHGP) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday.

Several other research firms have also weighed in on AHGP. ValuEngine lowered shares of Alliance Holdings GP, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Alliance Holdings GP, L.P. from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Thursday, May 4th.

Alliance Holdings GP, L.P. (AHGP) traded up 0.68% during midday trading on Friday, reaching $28.20. 54,643 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $25.30 and a 200 day moving average price of $27.64. Alliance Holdings GP, L.P. has a 52 week low of $22.55 and a 52 week high of $32.70. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 8.13 and a beta of 0.53.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last released its quarterly earnings data on Monday, July 31st. The energy company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.82 by $0.02. The firm had revenue of $398.60 million for the quarter, compared to analyst estimates of $461.30 million. Alliance Holdings GP, L.P. had a return on equity of 19.46% and a net margin of 10.69%. The firm’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Analysts anticipate that Alliance Holdings GP, L.P. will post $3.16 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meiji Yasuda Life Insurance Co purchased a new position in Alliance Holdings GP, L.P. during the first quarter valued at $36,286,000. Acadian Asset Management LLC raised its position in Alliance Holdings GP, L.P. by 69.2% in the second quarter. Acadian Asset Management LLC now owns 283,866 shares of the energy company’s stock valued at $6,727,000 after buying an additional 116,079 shares in the last quarter. Wells Fargo & Company MN raised its position in Alliance Holdings GP, L.P. by 5,930.7% in the first quarter. Wells Fargo & Company MN now owns 281,816 shares of the energy company’s stock valued at $7,730,000 after buying an additional 277,143 shares in the last quarter. Oakcliff Capital Partners LP purchased a new position in Alliance Holdings GP, L.P. during the first quarter valued at $6,168,000. Finally, First Manhattan Co. raised its position in Alliance Holdings GP, L.P. by 88.2% in the first quarter. First Manhattan Co. now owns 211,438 shares of the energy company’s stock valued at $5,507,000 after buying an additional 99,088 shares in the last quarter. Institutional investors own 24.49% of the company’s stock.

About Alliance Holdings GP, L.P.

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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