Alliance Holdings GP L.P. (AHGP) : Fairbanks Capital Management scooped up 9,912 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 Oct 17, 2016. The investment management firm now holds a total of 51,312 shares of Alliance Holdings GP L.P. which is valued at $1,400,818.Alliance Holdings GP L.P. makes up approximately 1.60% of Fairbanks Capital Management’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in AHGP by selling 100 shares or 4.12% in the most recent quarter. The Hedge Fund company now holds 2,325 shares of AHGP which is valued at $61,264.Cutler Group Lp boosted its stake in AHGP in the latest quarter, The investment management firm added 39,440 additional shares and now holds a total of 47,196 shares of Alliance Holdings GP L.P. which is valued at $1,304,969. Alliance Holdings GP L.P. makes up approx 0.08% of Cutler Group Lp’s portfolio.Simplex Trading boosted its stake in AHGP in the latest quarter, The investment management firm added 16,007 additional shares and now holds a total of 28,757 shares of Alliance Holdings GP L.P. which is valued at $791,968. Alliance Holdings GP L.P. makes up approx 0.10% of Simplex Trading’s portfolio.
Alliance Holdings GP L.P. opened for trading at $26.58 and hit $27.57 on the upside on Friday, eventually ending the session at $27.3, with a gain of 3.61% or 0.95 points. The heightened volatility saw the trading volume jump to 43,492 shares. Company has a market cap of $1,634 M.
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.