Shares of Alliance Holdings GP, L.P. (NASDAQ:AHGP) have been given an average recommendation of “Hold” by the six brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $31.50.
Several research analysts recently weighed in on AHGP shares. BidaskClub lowered Alliance Holdings GP from a “sell” rating to a “strong sell” rating in a research report on Thursday. Zacks Investment Research raised Alliance Holdings GP from a “strong sell” rating to a “hold” rating and set a $31.00 price target on the stock in a research report on Tuesday, January 16th. ValuEngine lowered Alliance Holdings GP from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Stifel Nicolaus set a $32.00 price target on Alliance Holdings GP and gave the company a “hold” rating in a research report on Tuesday, January 16th. Finally, TheStreet lowered Alliance Holdings GP from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th.
A number of large investors have recently bought and sold shares of AHGP. HITE Hedge Asset Management LLC acquired a new position in Alliance Holdings GP during the third quarter valued at $10,954,000. Magnolia Group LLC grew its stake in Alliance Holdings GP by 171.1% in the fourth quarter. Magnolia Group LLC now owns 398,033 shares of the energy company’s stock valued at $10,663,000 after purchasing an additional 251,229 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Alliance Holdings GP by 43.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 631,946 shares of the energy company’s stock valued at $16,929,000 after purchasing an additional 192,184 shares in the last quarter. Wells Fargo & Company MN grew its stake in Alliance Holdings GP by 32.1% in the fourth quarter. Wells Fargo & Company MN now owns 608,626 shares of the energy company’s stock valued at $16,305,000 after purchasing an additional 147,988 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in Alliance Holdings GP by 45.7% in the fourth quarter. Deutsche Bank AG now owns 209,797 shares of the energy company’s stock valued at $5,619,000 after purchasing an additional 65,782 shares in the last quarter. 21.37% of the stock is currently owned by hedge funds and other institutional investors.
Alliance Holdings GP (NASDAQ:AHGP) last posted its quarterly earnings results on Monday, January 29th. The energy company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.05). The business had revenue of $483.13 million for the quarter, compared to analyst estimates of $473.60 million. Alliance Holdings GP had a net margin of 10.36% and a return on equity of 16.54%. During the same period in the previous year, the firm posted $1.02 earnings per share. equities analysts anticipate that Alliance Holdings GP will post 3.37 earnings per share for the current fiscal year.
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Alliance Holdings GP 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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