Alliance Resource Partners, L.P. (NASDAQ:ARLP) shares fell 3.8% during trading on Thursday . The company traded as low as $17.14 and last traded at $17.44, with a volume of 163,733 shares traded. The stock had previously closed at $18.13.

A number of brokerages recently commented on ARLP. Zacks Investment Research cut Alliance Resource Partners, L.P. from a “buy” rating to a “hold” rating in a research report on Monday, July 4th. FBR & Co raised their price target on Alliance Resource Partners, L.P. from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Monday, May 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $21.00.

The firm’s 50 day moving average is $15.50 and its 200-day moving average is $13.56. The firm has a market cap of $1.30 billion and a price-to-earnings ratio of 11.31.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.08. During the same quarter in the prior year, the company posted $0.92 earnings per share. The business earned $412.80 million during the quarter, compared to analyst estimates of $460.93 million. The company’s revenue was down 26.3% on a year-over-year basis. On average, equities research analysts predict that Alliance Resource Partners, L.P. will post $2.06 EPS for the current fiscal year.

A number of hedge funds and institutional investors have bought and sold shares of the company. Penserra Capital Management LLC acquired a new position in Alliance Resource Partners, L.P. during the fourth quarter valued at $4,054,000. GSA Capital Partners LLP boosted its position in Alliance Resource Partners, L.P. by 103.1% in the fourth quarter. GSA Capital Partners LLP now owns 206,897 shares of the company’s stock valued at $2,791,000 after buying an additional 105,011 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Alliance Resource Partners, L.P. by 443.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 90,949 shares of the company’s stock valued at $1,227,000 after buying an additional 74,220 shares in the last quarter. Morgan Stanley boosted its position in Alliance Resource Partners, L.P. by 75.1% in the fourth quarter. Morgan Stanley now owns 878,997 shares of the company’s stock valued at $11,858,000 after buying an additional 377,083 shares in the last quarter. Finally, Edge Asset Management Inc. boosted its position in Alliance Resource Partners, L.P. by 28.3% in the fourth quarter. Edge Asset Management Inc. now owns 1,544,699 shares of the company’s stock valued at $20,838,000 after buying an additional 340,725 shares in the last quarter.

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. It operates over 10 underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia.

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