BidaskClub downgraded shares of Alliance Holdings GP, L.P. (NASDAQ:AHGP) from a sell rating to a strong sell rating in a report released on Thursday morning.

A number of other brokerages also recently issued reports on AHGP. Zacks Investment Research raised shares of Alliance Holdings GP, L.P. from a hold rating to a buy rating and set a $33.00 price target on the stock in a report on Thursday, May 4th. ValuEngine downgraded shares of Alliance Holdings GP, L.P. from a strong-buy rating to a buy rating in a report on Thursday.

Shares of Alliance Holdings GP, L.P. (NASDAQ AHGP) opened at 25.42 on Thursday. The company has a market capitalization of $1.52 billion, a P/E ratio of 7.24 and a beta of 0.50. The stock’s 50 day moving average is $25.22 and its 200 day moving average is $27.65. Alliance Holdings GP, L.P. has a 12 month low of $22.55 and a 12 month high of $32.70.

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

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The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Friday, August 11th will be issued a dividend of $0.73 per share. This is an increase from Alliance Holdings GP, L.P.’s previous quarterly dividend of $0.55. This represents a $2.92 dividend on an annualized basis and a yield of 11.49%. Alliance Holdings GP, L.P.’s dividend payout ratio is 62.68%.

A number of hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Alliance Holdings GP, L.P. by 19.2% in the first quarter. Geode Capital Management LLC now owns 86,278 shares of the energy company’s stock worth $2,365,000 after buying an additional 13,893 shares during the period. Global X Management Co. LLC boosted its position in Alliance Holdings GP, L.P. by 3.9% in the first 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. Investment House LLC boosted its position in Alliance Holdings GP, L.P. by 8.9% in the first quarter. Investment House LLC now owns 40,110 shares of the energy company’s stock worth $1,100,000 after buying an additional 3,270 shares in the last quarter. Clinton Group Inc. boosted its position in Alliance Holdings GP, L.P. by 36.3% in the first 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, Meiji Yasuda Life Insurance Co bought a new position in Alliance Holdings GP, L.P. during the first quarter worth $36,286,000. 24.49% of the stock is currently owned by hedge funds and other institutional investors.

Alliance Holdings GP, L.P. 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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