Alliance Holdings GP (AHGP) Rating Increased to Sell at BidaskClub

Alliance Holdings GP (NASDAQ:AHGP) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Wednesday.

Several other equities 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 note on Sunday, December 31st. TheStreet upgraded shares of Alliance Holdings GP from a “c+” rating to a “b-” rating in a research note on Monday, October 16th. lowered their target price on shares of Alliance Holdings GP from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Wednesday, November 15th. Stifel Nicolaus restated a “hold” rating and issued a $31.00 target price (down from $32.00) on shares of Alliance Holdings GP in a research note on Wednesday, November 15th. Finally, Zacks Investment Research downgraded shares of Alliance Holdings GP from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Alliance Holdings GP presently has a consensus rating of “Hold” and an average price target of $30.67.

Shares of Alliance Holdings GP (AHGP) traded down $0.05 on Wednesday, reaching $27.75. 12,817 shares of the company’s stock traded hands, compared to its average volume of 105,852. The firm has a market capitalization of $1,660.00, a P/E ratio of 8.38 and a beta of 0.51. Alliance Holdings GP has a 52 week low of $22.71 and a 52 week high of $32.31. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39.

Alliance Holdings GP (NASDAQ:AHGP) last announced its earnings results on Monday, October 30th. The energy company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.26). The firm had revenue of $453.09 million during the quarter, compared to analyst estimates of $486.80 million. Alliance Holdings GP had a net margin of 10.76% and a return on equity of 17.78%. Alliance Holdings GP’s revenue was down 17.9% on a year-over-year basis. During the same quarter last year, the business earned $0.81 earnings per share. research analysts anticipate that Alliance Holdings GP will post 3.17 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of Alliance Holdings GP by 2.7% during the second quarter. Principal Financial Group Inc. now owns 15,153 shares of the energy company’s stock worth $359,000 after purchasing an additional 400 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Alliance Holdings GP by 9.3% during the second quarter. Advisor Group Inc. now owns 5,125 shares of the energy company’s stock worth $122,000 after purchasing an additional 434 shares during the last quarter. U S Global Investors Inc. raised its holdings in shares of Alliance Holdings GP by 8.6% during the third quarter. U S Global Investors Inc. now owns 44,300 shares of the energy company’s stock worth $1,232,000 after purchasing an additional 3,500 shares during the last quarter. NFC Investments LLC raised its holdings in shares of Alliance Holdings GP by 1.7% during the second quarter. NFC Investments LLC now owns 236,160 shares of the energy company’s stock worth $5,597,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Arrow Investment Advisors LLC raised its holdings in shares of Alliance Holdings GP by 16.8% during the third quarter. Arrow Investment Advisors LLC now owns 30,277 shares of the energy company’s stock worth $842,000 after purchasing an additional 4,357 shares during the last quarter. Institutional investors and hedge funds own 20.92% of the company’s stock.

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About Alliance Holdings GP

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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