Alliance Holdings GP (AHGP) Downgraded by BidaskClub to Strong Sell

Alliance Holdings GP (NASDAQ:AHGP) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Thursday.

Several other research analysts also recently weighed in on AHGP. ValuEngine downgraded shares of Alliance Holdings GP from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. TheStreet downgraded shares of Alliance Holdings GP from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. Finally, Zacks Investment Research downgraded shares of Alliance Holdings GP from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Alliance Holdings GP has a consensus rating of “Hold” and a consensus price target of $31.33.

AHGP stock traded up $0.22 on Thursday, hitting $26.11. The company had a trading volume of 200 shares, compared to its average volume of 107,503. Alliance Holdings GP has a 12-month low of $25.72 and a 12-month high of $25.92. The company has a current ratio of 1.15, a quick ratio of 0.82 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $1.53 billion, a P/E ratio of 6.41 and a beta of 0.58.

Alliance Holdings GP (NASDAQ:AHGP) last issued its earnings results on Monday, April 30th. The energy company reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.77. Alliance Holdings GP had a net margin of 13.10% and a return on equity of 20.35%. The company had revenue of $457.04 million for the quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in Alliance Holdings GP by 881.4% in the third quarter. JPMorgan Chase & Co. now owns 7,115 shares of the energy company’s stock worth $192,000 after acquiring an additional 6,390 shares during the period. Cushing Asset Management LP raised its position in shares of Alliance Holdings GP by 11.8% during the 4th quarter. Cushing Asset Management LP now owns 19,000 shares of the energy company’s stock valued at $509,000 after purchasing an additional 2,000 shares during the period. Geode Capital Management LLC raised its position in shares of Alliance Holdings GP by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 40,711 shares of the energy company’s stock valued at $1,090,000 after purchasing an additional 2,464 shares during the period. Highland Capital Management LP bought a new stake in shares of Alliance Holdings GP during the 1st quarter valued at $1,491,000. Finally, Prescott Group Capital Management L.L.C. raised its position in shares of Alliance Holdings GP by 63.1% during the 1st quarter. Prescott Group Capital Management L.L.C. now owns 74,167 shares of the energy company’s stock valued at $1,855,000 after purchasing an additional 28,698 shares during the period. Institutional investors and hedge funds own 20.83% of the company’s stock.

About Alliance Holdings GP

Alliance Holdings GP, L.P., together with its subsidiaries, produces and markets coal primarily to utilities and industrial users in the United States. It operates through Illinois Basin and Appalachia segments. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.

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