Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) saw unusually-strong trading volume on Monday . Approximately 310,877 shares were traded during trading, a decline of 14% from the previous session’s volume of 359,936 shares.The stock last traded at $17.31 and had previously closed at $17.65.

Several research analysts have issued reports on ARLP shares. Zacks Investment Research upgraded shares of Alliance Resource Partners, L.P. from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. FBR & Co raised their price objective on shares of 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 company has a consensus rating of “Buy” and an average price target of $21.00.

The firm has a market capitalization of $1.32 billion and a price-to-earnings ratio of 11.46. The stock’s 50 day moving average is $16.30 and its 200-day moving average is $13.88.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by $0.08. During the same period in the previous year, the business earned $0.92 EPS. The firm earned $412.80 million during the quarter, compared to analyst estimates of $460.93 million. Alliance Resource Partners, L.P.’s quarterly revenue was down 26.3% on a year-over-year basis. On average, analysts forecast that Alliance Resource Partners, L.P. will post $2.09 earnings per share for the current year.

A number of hedge funds and institutional investors have modified their holdings of ARLP. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of 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 during the last quarter. Marshall Wace LLP acquired a new position in shares of Alliance Resource Partners, L.P. during the fourth quarter valued at $2,493,000. GSA Capital Partners LLP raised its position in shares of 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 during the last quarter. Morgan Stanley raised its position in shares of 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 during the last quarter. Finally, Edge Asset Management Inc. raised its position in shares of 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 during 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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