Wells Fargo & Company MN increased its holdings in shares of Alliance Holdings GP, L.P. (NASDAQ:AHGP) by 63.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,828 shares of the energy company’s stock after buying an additional 179,012 shares during the period. Wells Fargo & Company MN owned about 0.77% of Alliance Holdings GP, L.P. worth $10,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in AHGP. KCG Holdings Inc. acquired a new stake in Alliance Holdings GP, L.P. in the 1st quarter worth about $288,000. Global X Management Co. LLC increased its stake in Alliance Holdings GP, L.P. by 3.9% during the 1st quarter. Global X Management Co. LLC now owns 11,385 shares of the energy company’s stock worth $312,000 after buying an additional 430 shares in the last quarter. Principal Financial Group Inc. increased its stake in Alliance Holdings GP, L.P. by 2.7% during the 2nd quarter. Principal Financial Group Inc. now owns 15,153 shares of the energy company’s stock worth $359,000 after buying an additional 400 shares in the last quarter. Clinton Group Inc. increased its stake in Alliance Holdings GP, L.P. by 36.3% during the 1st quarter. Clinton Group Inc. now owns 14,442 shares of the energy company’s stock worth $396,000 after buying an additional 3,849 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in Alliance Holdings GP, L.P. during the 2nd quarter worth approximately $546,000. 21.41% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have commented on AHGP. Zacks Investment Research raised Alliance Holdings GP, L.P. from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a report on Wednesday, August 9th. BidaskClub lowered Alliance Holdings GP, L.P. from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Finally, ValuEngine lowered Alliance Holdings GP, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th.

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Alliance Holdings GP, L.P. (AHGP) opened at 27.18 on Wednesday. Alliance Holdings GP, L.P. has a one year low of $22.71 and a one year high of $32.70. The firm has a 50-day moving average price of $26.78 and a 200-day moving average price of $26.97. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 7.85 and a beta of 0.53.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last posted its quarterly earnings results on Monday, July 31st. The energy company reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.02). The company had revenue of $398.60 million for the quarter, compared to analyst estimates of $461.30 million. Alliance Holdings GP, L.P. had a net margin of 10.69% and a return on equity of 19.15%. Alliance Holdings GP, L.P.’s revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 earnings per share. On average, equities analysts predict that Alliance Holdings GP, L.P. will post $3.34 earnings per share for the current year.

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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Institutional Ownership by Quarter for Alliance Holdings GP, L.P. (NASDAQ:AHGP)

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