Alliance Holdings GP, L.P. (NASDAQ:AHGP)’s share price traded up 8.7% during mid-day trading on Wednesday . The company traded as high as $23.39 and last traded at $22.95, with a volume of 98,043 shares changing hands. The stock had previously closed at $21.11.

Separately, Zacks Investment Research upgraded shares of Alliance Holdings GP, L.P. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 28th.

The company has a market cap of $1.39 billion and a P/E ratio of 7.86. The company’s 50-day moving average is $19.29 and its 200 day moving average is $16.86.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last released its quarterly earnings data on Tuesday, April 26th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by $0.30. The firm earned $412.73 million during the quarter, compared to analyst estimates of $469 million. During the same quarter in the previous year, the business earned $1.09 EPS. Alliance Holdings GP, L.P.’s quarterly revenue was down 26.3% compared to the same quarter last year. Analysts forecast that Alliance Holdings GP, L.P. will post $2.42 EPS for the current year.

In other news, Director Robert J. Druten sold 12,825 shares of Alliance Holdings GP, L.P. stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $19.60, for a total transaction of $251,370.00. Following the transaction, the director now owns 7,538 shares in the company, valued at approximately $147,744.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

An institutional investor recently raised its position in Alliance Holdings GP, L.P. stock. GSA Capital Partners LLP raised its stake in shares of Alliance Holdings GP, L.P. (NASDAQ:AHGP) by 171.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 91,703 shares of the company’s stock after buying an additional 57,887 shares during the period. GSA Capital Partners LLP owned about 0.15% of Alliance Holdings GP, L.P. worth $1,851,000 at the end of the most recent quarter.

Alliance Holdings GP, L.P. is a limited partnership company. The Company owns directly and indirectly 100% of 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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