Alliance Resource Partners, L.P. (ARLP) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lowered its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,188,365 shares of the energy company’s stock after selling 136,047 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.91% of Alliance Resource Partners worth $23,411,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. TCI Wealth Advisors Inc. grew its stake in Alliance Resource Partners by 66.0% in the fourth quarter. TCI Wealth Advisors Inc. now owns 6,638 shares of the energy company’s stock valued at $131,000 after purchasing an additional 2,638 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Alliance Resource Partners by 2.5% in the third quarter. Russell Investments Group Ltd. now owns 197,964 shares of the energy company’s stock valued at $3,831,000 after purchasing an additional 4,772 shares in the last quarter. Advantage Investment Management LLC grew its stake in Alliance Resource Partners by 1,441.2% in the fourth quarter. Advantage Investment Management LLC now owns 5,317 shares of the energy company’s stock valued at $105,000 after purchasing an additional 4,972 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Alliance Resource Partners in the fourth quarter valued at about $132,000. Finally, Foundry Partners LLC grew its stake in Alliance Resource Partners by 3.3% in the fourth quarter. Foundry Partners LLC now owns 221,064 shares of the energy company’s stock valued at $4,355,000 after purchasing an additional 7,049 shares in the last quarter. Hedge funds and other institutional investors own 14.33% of the company’s stock.

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A number of research analysts have commented on ARLP shares. Stifel Nicolaus set a $22.00 target price on Alliance Resource Partners and gave the company a “hold” rating in a research note on Tuesday, January 16th. Zacks Investment Research upgraded Alliance Resource Partners from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Friday, February 2nd. BidaskClub downgraded Alliance Resource Partners from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. B. Riley restated a “buy” rating and issued a $30.00 target price on shares of Alliance Resource Partners in a research note on Tuesday, January 30th. Finally, ValuEngine downgraded Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Alliance Resource Partners has a consensus rating of “Hold” and a consensus price target of $26.25.

Shares of Alliance Resource Partners stock opened at $17.65 on Friday. The stock has a market capitalization of $2,306.93, a PE ratio of 5.77 and a beta of 0.76. Alliance Resource Partners, L.P. has a 52 week low of $17.25 and a 52 week high of $23.45. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.97.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, January 29th. The energy company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). The company had revenue of $483.00 million for the quarter, compared to the consensus estimate of $478.15 million. Alliance Resource Partners had a return on equity of 26.79% and a net margin of 16.90%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.30 EPS. research analysts expect that Alliance Resource Partners, L.P. will post 2.24 earnings per share for the current year.

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About Alliance Resource Partners

Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through segments, including Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.

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Institutional Ownership by Quarter for Alliance Resource Partners (NASDAQ:ARLP)

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