ValuEngine lowered shares of Alliance Holdings GP, L.P. (NASDAQ:AHGP) from a strong-buy rating to a buy rating in a research report report published on Thursday.

A number of other research firms have also weighed in on AHGP. 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. BidaskClub raised shares of Alliance Holdings GP, L.P. from a strong sell rating to a sell rating in a report on Tuesday, June 13th.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) opened at 25.42 on Thursday. The stock has a market cap of $1.52 billion, a PE ratio of 7.24 and a beta of 0.50. Alliance Holdings GP, L.P. has a 1-year low of $22.55 and a 1-year high of $32.70. The company’s 50 day moving average is $25.22 and its 200-day moving average is $27.65.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last released its quarterly earnings data on Monday, May 1st. The energy company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.11. The firm had revenue of $461 million for the quarter, compared to analyst estimates of $477.40 million. Alliance Holdings GP, L.P. had a net margin of 10.61% and a return on equity of 19.70%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 earnings per share. Equities research analysts forecast that Alliance Holdings GP, L.P. will post $3.16 earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the company. Meiji Yasuda Life Insurance Co purchased a new stake in shares of Alliance Holdings GP, L.P. during the first quarter worth about $36,286,000. Acadian Asset Management LLC increased its stake in shares of 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 worth $6,727,000 after buying an additional 116,079 shares during the period. Wells Fargo & Company MN increased its stake in shares of 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 worth $7,730,000 after buying an additional 277,143 shares during the period. Oakcliff Capital Partners LP purchased a new stake in shares of Alliance Holdings GP, L.P. during the first quarter worth about $6,168,000. Finally, First Manhattan Co. increased its stake in shares of 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 worth $5,507,000 after buying an additional 99,088 shares during the period. 24.17% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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