Alliance Holdings GP, L.P. (NASDAQ:AHGP) shares shot up 2.4% on Monday . The company traded as high as $23.80 and last traded at $23.55, with a volume of 77,365 shares trading hands. The stock had previously closed at $23.00.

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

The company has a market cap of $1.41 billion and a PE ratio of 8.00. The firm’s 50-day moving average price is $20.59 and its 200 day moving average price is $17.01.

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. During the same quarter in the prior year, the company earned $1.09 EPS. The business had revenue of $412.73 million for the quarter, compared to analysts’ expectations of $469 million. Alliance Holdings GP, L.P.’s quarterly revenue was down 26.3% on a year-over-year basis. On average, equities research analysts anticipate that Alliance Holdings GP, L.P. will post $2.42 earnings per share for the current fiscal 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 on Thursday, June 9th. The shares were sold at an average price of $19.60, for a total transaction of $251,370.00. Following the sale, the director now owns 7,538 shares in the company, valued at $147,744.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of large investors have bought and sold shares of the company. Magnolia Group LLC acquired a new stake in Alliance Holdings GP, L.P. during the fourth quarter worth $8,247,000. Penserra Capital Management LLC acquired a new stake in Alliance Holdings GP, L.P. during the fourth quarter worth $2,857,000. Finally, GSA Capital Partners LLP increased its stake in 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 worth $1,851,000 after buying an additional 57,887 shares in the last 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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