Shares of Alliance Holdings GP, L.P. (NASDAQ:AHGP) have been given an average recommendation of “Hold” by the six research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $31.00.

Several analysts have issued reports on the company. Stifel Nicolaus reissued a “hold” rating and set a $31.00 price target (down previously from $32.00) on shares of Alliance Holdings GP in a report on Wednesday, November 15th. Zacks Investment Research lowered Alliance Holdings GP from a “strong-buy” rating to a “hold” rating in a report on Monday, October 9th. cut their price target on Alliance Holdings GP from $32.00 to $31.00 and set a “hold” rating for the company in a report on Wednesday, November 15th. ValuEngine downgraded Alliance Holdings GP from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, BidaskClub upgraded Alliance Holdings GP from a “strong sell” rating to a “sell” rating in a research report on Wednesday.

Institutional investors have recently made changes to their positions in the company. Advisor Group Inc. lifted its position in shares of Alliance Holdings GP by 9.3% in the second quarter. Advisor Group Inc. now owns 5,125 shares of the energy company’s stock valued at $122,000 after acquiring an additional 434 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Alliance Holdings GP by 881.4% in the third quarter. JPMorgan Chase & Co. now owns 7,115 shares of the energy company’s stock valued at $192,000 after acquiring an additional 6,390 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Alliance Holdings GP in the third quarter valued at about $331,000. Principal Financial Group Inc. lifted its position in shares of Alliance Holdings GP by 2.7% in the second quarter. Principal Financial Group Inc. now owns 15,153 shares of the energy company’s stock valued at $359,000 after acquiring an additional 400 shares in the last quarter. Finally, Parallax Volatility Advisers L.P. lifted its position in shares of Alliance Holdings GP by 52.6% in the second quarter. Parallax Volatility Advisers L.P. now owns 19,901 shares of the energy company’s stock valued at $472,000 after acquiring an additional 6,862 shares in the last quarter. Institutional investors and hedge funds own 20.92% of the company’s stock.

Shares of Alliance Holdings GP (NASDAQ:AHGP) opened at $27.93 on Thursday. Alliance Holdings GP has a fifty-two week low of $22.71 and a fifty-two week high of $32.31. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $1,670.00, a PE ratio of 8.44 and a beta of 0.51.

Alliance Holdings GP (NASDAQ:AHGP) last released its quarterly earnings results on Monday, October 30th. The energy company reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.26). Alliance Holdings GP had a net margin of 10.76% and a return on equity of 17.78%. The company had revenue of $453.09 million for the quarter, compared to the consensus estimate of $486.80 million. During the same period in the prior year, the firm posted $0.81 EPS. The business’s revenue for the quarter was down 17.9% on a year-over-year basis. equities research analysts expect that Alliance Holdings GP will post 3.17 EPS for the current fiscal year.

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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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