Alliance Holdings GP, L.P. (NASDAQ:AHGP)’s share price fell 3.3% on Monday . The stock traded as low as $22.43 and last traded at $22.53, with a volume of 56,154 shares trading hands. The stock had previously closed at $23.29.

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

The company has a market capitalization of $1.33 billion and a PE ratio of 7.54. The company has a 50-day moving average price of $19.76 and a 200 day moving average price of $16.90.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by $0.30. The business earned $412.73 million during the quarter, compared to the consensus estimate of $469 million. Alliance Holdings GP, L.P.’s quarterly revenue was down 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. On average, equities 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 the firm’s 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 of the company’s stock, valued at $147,744.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Other institutional investors have recently modified their holdings of the company. Magnolia Group LLC purchased a new position in shares of Alliance Holdings GP, L.P. during the fourth quarter valued at about $8,247,000. GSA Capital Partners LLP raised its position in shares of Alliance Holdings GP, L.P. by 171.2% in the fourth quarter. GSA Capital Partners LLP now owns 91,703 shares of the company’s stock valued at $1,851,000 after buying an additional 57,887 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of Alliance Holdings GP, L.P. during the fourth quarter valued at about $2,857,000.

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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