Alliance Holdings GP, L.P. (AHGP) Sees Unusually-High Trading Volume
Shares of Alliance Holdings GP, L.P. (NASDAQ:AHGP) saw unusually-high trading volume on Tuesday . Approximately 131,055 shares changed hands during trading, an increase of 18% from the previous session’s volume of 111,242 shares.The stock last traded at $20.71 and had previously closed at $21.40.
Separately, Zacks Investment Research upgraded Alliance Holdings GP, L.P. from a “sell” rating to a “hold” rating in a research note on Friday, April 1st.
The firm’s 50 day moving average is $19.29 and its 200 day moving average is $16.86. The firm has a market capitalization of $1.36 billion and a PE ratio of 7.69.
Alliance Holdings GP, L.P. (NASDAQ:AHGP) last posted its earnings results 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 business earned $412.73 million during the quarter, compared to analysts’ expectations of $469 million. During the same quarter in the previous year, the company posted $1.09 EPS. The company’s quarterly revenue was down 26.3% on a year-over-year basis. Analysts forecast that Alliance Holdings GP, L.P. will post $2.42 earnings per share for the current year.
In other Alliance Holdings GP, L.P. 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 directly owns 7,538 shares in the company, valued at $147,744.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
A hedge fund recently bought a new stake in Alliance Holdings GP, L.P. stock. Penserra Capital Management LLC purchased a new stake in shares of Alliance Holdings GP, L.P. (NASDAQ:AHGP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 141,571 shares of the company’s stock, valued at approximately $2,857,000. Penserra Capital Management LLC owned 0.24% of Alliance Holdings GP, L.P. at the end of the most recent reporting period.
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.