U S Global Investors Inc Purchases 4,600 Shares of Alliance Holdings GP, L.P. (AHGP)

U S Global Investors Inc boosted its stake in shares of Alliance Holdings GP, L.P. (NASDAQ:AHGP) by 11.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,900 shares of the energy company’s stock after buying an additional 4,600 shares during the period. U S Global Investors Inc’s holdings in Alliance Holdings GP, L.P. were worth $1,232,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in shares of Alliance Holdings GP, L.P. during the fourth quarter worth about $354,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Alliance Holdings GP, L.P. by 129.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 45,440 shares of the energy company’s stock valued at $1,277,000 after buying an additional 25,645 shares during the last quarter. Allianz Asset Management AG acquired a new stake in Alliance Holdings GP, L.P. during the fourth quarter valued at about $677,000. Renaissance Technologies LLC increased its position in shares of Alliance Holdings GP, L.P. by 233.3% in the fourth quarter. Renaissance Technologies LLC now owns 77,655 shares of the energy company’s stock valued at $2,182,000 after buying an additional 54,355 shares during the period. Finally, Energy Income Partners LLC purchased a new position in shares of Alliance Holdings GP, L.P. during the fourth quarter valued at approximately $52,660,000. Institutional investors and hedge funds own 24.11% of the company’s stock.

Institutional Ownership by Quarter for Alliance Holdings GP, L.P. (NASDAQ:AHGP)

Shares of Alliance Holdings GP, L.P. (AHGP) traded up 7.57% on Monday, reaching $24.57. 487,613 shares of the company traded hands. Alliance Holdings GP, L.P. has a one year low of $19.00 and a one year high of $32.70. The company has a market capitalization of $1.47 billion, a PE ratio of 7.00 and a beta of 0.46. The firm has a 50-day moving average price of $28.18 and a 200 day moving average price of $28.52.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last announced its quarterly earnings results on Monday, May 1st. The energy company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.11. Alliance Holdings GP, L.P. had a return on equity of 19.70% and a net margin of 10.61%. The company had revenue of $461 million during the quarter, compared to analyst estimates of $477.40 million. During the same quarter last year, the firm posted $0.96 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. Equities analysts forecast that Alliance Holdings GP, L.P. will post $3.16 EPS for the current fiscal year.

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A number of equities analysts have commented on AHGP shares. ValuEngine lowered shares of Alliance Holdings GP, L.P. from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research raised shares of Alliance Holdings GP, L.P. from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Thursday, May 4th. Finally, BidaskClub raised shares of Alliance Holdings GP, L.P. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th.

About Alliance Holdings GP, L.P.

Alliance Holdings GP, L.P. (AHGP) is a limited partnership company. The Company owns directly and indirectly 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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