Pinnacle Holdings buys $3,568,961 stake in Alliance Holdings GP L.P. (AHGP)

Alliance Holdings GP L.P. (AHGP) : Pinnacle Holdings scooped up 2,336 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 Aug 9, 2016. The investment management firm now holds a total of 141,907 shares of Alliance Holdings GP L.P. which is valued at $3,568,961.Alliance Holdings GP L.P. makes up approximately 1.77% of Pinnacle Holdings’s portfolio.

Other Hedge Funds, Including , Acrospire Investment Management reduced its stake in AHGP by selling 13,512 shares or 65.67% in the most recent quarter. The Hedge Fund company now holds 7,065 shares of AHGP which is valued at $177,685. Alliance Holdings GP L.P. makes up approx 0.13% of Acrospire Investment Management’s portfolio. Lucus Advisors sold out all of its stake in AHGP during the most recent quarter. The investment firm sold 34,705 shares of AHGP which is valued $889,836. Simplex Trading added AHGP to its portfolio by purchasing 12,750 company shares during the most recent quarter which is valued at $305,745. Alliance Holdings GP L.P. makes up approx 0.04% of Simplex Trading’s portfolio.First Manhattan Co boosted its stake in AHGP in the latest quarter, The investment management firm added 6,000 additional shares and now holds a total of 207,638 shares of Alliance Holdings GP L.P. which is valued at $4,902,333. Alliance Holdings GP L.P. makes up approx 0.03% of First Manhattan Co’s portfolio.

Alliance Holdings GP L.P. closed down -0.19 points or -0.79% at $23.89 with 39,841 shares getting traded on Wednesday. Post opening the session at $24.14, the shares hit an intraday low of $23.6 and an intraday high of $24.4815 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Alliance Holdings GP L.P. reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.66. The company had revenue of $439.04 million for the quarter, compared to analysts expectations of $427.60 million. The company’s revenue was down -27.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.02 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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