Magnolia Group buys $10,273,981 stake in Alliance Holdings GP L.P. (AHGP)

Alliance Holdings GP L.P. (AHGP) : Magnolia Group scooped up 204,720 additional shares in Alliance Holdings GP L.P. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 613,372 shares of Alliance Holdings GP L.P. which is valued at $10,273,981.Alliance Holdings GP L.P. makes up approximately 7.53% of Magnolia Group’s portfolio.

Other Hedge Funds, Including , Spot Trading L.l.c sold out all of its stake in AHGP during the most recent quarter. The investment firm sold 1,202 shares of AHGP which is valued $20,134. Bronfman E.l. Rothschild added AHGP to its portfolio by purchasing 800 company shares during the most recent quarter which is valued at $14,728. Alphamark Advisors added AHGP to its portfolio by purchasing 2,000 company shares during the most recent quarter which is valued at $36,820. Alliance Holdings GP L.P. makes up approx 0.02% of Alphamark Advisors’s portfolio.Glenmede Trust Co Na reduced its stake in AHGP by selling 1,818 shares or 2.52% in the most recent quarter. The Hedge Fund company now holds 70,392 shares of AHGP which is valued at $1,238,899. Alliance Holdings GP L.P. makes up approx 0.01% of Glenmede Trust Co Na’s portfolio.

Alliance Holdings GP L.P. opened for trading at $16.7 and hit $17.15 on the upside on Monday, eventually ending the session at $17.1, with a gain of 2.09% or 0.35 points. The heightened volatility saw the trading volume jump to 1,09,962 shares. Company has a market cap of $1,024 M.

On the company’s financial health, Alliance Holdings GP L.P. reported $0.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.82. The company had revenue of $412.72 million for the quarter, compared to analysts expectations of $469.00 million. The company’s 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.

Alliance Holdings GP L.P. (AHGP) owns directly and indirectly 100% of the members’ interest in Alliance Resource Management GP LLC (MGP). MGP is a managing general partner of Alliance Resource Partners L.P. (ARLP). The ARLP Partnership is a diversified producer and marketer of coal primarily to United States utilities and industrial users. The Company operates in four segments: Illinois Basin Appalachia White Oak and Other and Corporate. The ARLP Partnership operates in the eastern U.S. as a producer and marketer of coal to major utilities and industrial users. The ARLP Partnership operates ten underground mining complexes in Illinois Indiana Kentucky Maryland and West Virginia. The ARLP Partnership also operates a coal loading terminal on the Ohio River at Mt. Vernon Indiana.

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