Alliance Holdings GP (AHGP) Issues Earnings Results

Alliance Holdings GP (NASDAQ:AHGP) issued its quarterly earnings data on Monday. The energy company reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.05), Morningstar.com reports. Alliance Holdings GP had a net margin of 10.76% and a return on equity of 17.78%. During the same quarter in the previous year, the company earned $1.02 EPS.

Shares of Alliance Holdings GP (AHGP) opened at $30.30 on Monday. 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 market cap of $1,799.48, a price-to-earnings ratio of 9.11 and a beta of 0.51. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39.

A number of brokerages have issued reports on AHGP. BidaskClub raised shares of Alliance Holdings GP from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research raised shares of Alliance Holdings GP from a “strong sell” rating to a “hold” rating and set a $31.00 price objective on the stock in a research report on Tuesday, January 16th. TheStreet raised shares of Alliance Holdings GP from a “c+” rating to a “b-” rating in a research report on Monday, October 16th. Stifel Nicolaus set a $32.00 price objective on shares of Alliance Holdings GP and gave the company a “hold” rating in a research report on Tuesday, January 16th. Finally, ValuEngine downgraded shares of Alliance Holdings GP from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Five equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $31.33.

Hedge funds have recently made changes to their positions in the company. Advisor Group Inc. boosted its holdings in shares of Alliance Holdings GP by 9.3% during the 2nd quarter. Advisor Group Inc. now owns 5,125 shares of the energy company’s stock valued at $122,000 after buying an additional 434 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Alliance Holdings GP by 881.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,115 shares of the energy company’s stock valued at $192,000 after buying an additional 6,390 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Alliance Holdings GP during the 3rd quarter valued at $331,000. Principal Financial Group Inc. boosted its holdings in shares of Alliance Holdings GP by 2.7% during the 2nd quarter. Principal Financial Group Inc. now owns 15,153 shares of the energy company’s stock valued at $359,000 after buying an additional 400 shares in the last quarter. Finally, Arrow Investment Advisors LLC boosted its holdings in shares of Alliance Holdings GP by 16.8% during the 3rd quarter. Arrow Investment Advisors LLC now owns 30,277 shares of the energy company’s stock valued at $842,000 after buying an additional 4,357 shares in the last quarter. Hedge funds and other institutional investors own 20.53% of the company’s stock.

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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.

Earnings History for Alliance Holdings GP (NASDAQ:AHGP)

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