GSA Capital Partners LLP lessened its stake in Alliance Holdings GP, L.P. (NASDAQ:AHGP) by 23.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,495 shares of the energy company’s stock after selling 9,101 shares during the quarter. GSA Capital Partners LLP’s holdings in Alliance Holdings GP, L.P. were worth $699,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. KCG Holdings Inc. acquired a new position in Alliance Holdings GP, L.P. in the first quarter valued at about $288,000. Global X Management Co. LLC raised its stake 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 valued at $312,000 after purchasing an additional 430 shares in the last quarter. Principal Financial Group Inc. raised its stake in Alliance Holdings GP, L.P. by 2.7% in the second quarter. Principal Financial Group Inc. now owns 15,153 shares of the energy company’s stock valued at $359,000 after purchasing an additional 400 shares in the last quarter. Clinton Group Inc. raised its stake 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 valued at $396,000 after purchasing an additional 3,849 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in Alliance Holdings GP, L.P. in the second quarter valued at about $546,000. 21.41% of the stock is owned by institutional investors and hedge funds.

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Alliance Holdings GP, L.P. (NASDAQ AHGP) opened at 27.41 on Friday. The firm’s 50-day moving average price is $26.83 and its 200 day moving average price is $26.98. Alliance Holdings GP, L.P. has a 52 week low of $22.71 and a 52 week high of $32.70. The firm has a market cap of $1.64 billion, a P/E ratio of 7.92 and a beta of 0.53.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last issued 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 business had revenue of $398.60 million for the quarter, compared to the consensus estimate of $461.30 million. Alliance Holdings GP, L.P. had a net margin of 10.69% and a return on equity of 19.15%. The business’s revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. Equities analysts forecast that Alliance Holdings GP, L.P. will post $3.34 earnings per share for the current fiscal year.

A number of research analysts recently commented on AHGP shares. ValuEngine downgraded Alliance Holdings GP, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded Alliance Holdings GP, L.P. from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research downgraded Alliance Holdings GP, L.P. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th.

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.

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

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