Alliance Holdings GP (NASDAQ:AHGP) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Wednesday, January 3rd.

A number of other research analysts have also issued reports on the stock. ValuEngine lowered shares of Alliance Holdings GP from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research lowered shares of Alliance Holdings GP from a “hold” rating to a “strong sell” rating in a report on Friday, November 17th. reduced their target price on shares of Alliance Holdings GP from $32.00 to $31.00 and set a “hold” rating on the stock in a report 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 report on Wednesday, November 15th. Finally, TheStreet upgraded shares of Alliance Holdings GP from a “c+” rating to a “b-” rating in a report on Monday, October 16th. Five research analysts have rated the stock with a hold rating, Alliance Holdings GP presently has a consensus rating of “Hold” and a consensus price target of $31.33.

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Shares of Alliance Holdings GP (AHGP) opened at $29.51 on Wednesday. The company has a market cap of $1,799.48, a PE ratio of 8.87 and a beta of 0.51. Alliance Holdings GP has a 12 month low of $22.71 and a 12 month high of $32.31. The company has a quick ratio of 0.54, a current ratio of 0.83 and a debt-to-equity ratio of 0.39.

Alliance Holdings GP (NASDAQ:AHGP) last issued its quarterly earnings data on Monday, January 29th. The energy company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.05). Alliance Holdings GP had a net margin of 10.76% and a return on equity of 17.78%. During the same quarter last year, the firm earned $1.02 earnings per share. equities analysts anticipate that Alliance Holdings GP will post 3.15 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Advisor Group Inc. lifted its holdings in shares of Alliance Holdings GP by 9.3% during the 2nd quarter. Advisor Group Inc. now owns 5,125 shares of the energy company’s stock worth $122,000 after acquiring an additional 434 shares during the period. JPMorgan Chase & Co. raised its holdings in Alliance Holdings GP by 881.4% in the third quarter. JPMorgan Chase & Co. now owns 7,115 shares of the energy company’s stock valued at $192,000 after buying an additional 6,390 shares during the period. Summit Securities Group LLC purchased a new position in Alliance Holdings GP in the third quarter valued at approximately $331,000. Principal Financial Group Inc. raised its holdings in Alliance Holdings GP 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 buying an additional 400 shares during the period. Finally, Parallax Volatility Advisers L.P. raised its holdings in Alliance Holdings GP by 52.6% in the second quarter. Parallax Volatility Advisers L.P. now owns 19,901 shares of the energy company’s stock valued at $472,000 after buying an additional 6,862 shares during the period. Institutional investors and hedge funds own 20.53% 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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