The stock of Alliance Holdings GP, L.P. (NASDAQ:AHGP) is a huge mover today! Alliance Holdings GP, L.P. (NASDAQ:AHGP) has risen 93.52% since March 29, 2016 and is uptrending. It has outperformed by 90.05% the S&P500.
The move comes after 7 months positive chart setup for the $1.81 billion company. It was reported on Oct, 31 by Barchart.com. We have $45.47 PT which if reached, will make NASDAQ:AHGP worth $886.90M more.
According to Zacks Investment Research, “Alliance Holdings GP, L.P., through its subsidiaries, produces and markets coal primarily to utilities and industrial users in the United States. It produces a range of steam coal with varying sulfur and heat contents. Alliance Holdings GP, L.P. is a limited partnership formed to own and control Alliance Resource Management GP, LLC, the managing general partner of Alliance Resource Partners, L.P., a publicly traded limited partnership engaged in the production and marketing of coal to major U.S. utilities and industrial users. . In addition, the company leases land and operates a coal loading terminal. . Further, it engages in trading of coal, as well as offers services, including ash and scrubber sludge removal, coal yard maintenance, and arranging alternate transportation services. The company is based in Tulsa, Oklahoma.”
Insitutional Activity: The institutional sentiment decreased to 0.67 in Q2 2016. Its down 0.44, from 1.11 in 2016Q1. The ratio turned negative, as 14 funds sold all Alliance Holdings GP, L.P. shares owned while 13 reduced positions. 4 funds bought stakes while 14 increased positions. They now own 11.95 million shares or 0.27% less from 11.98 million shares in 2016Q1.
Fincl Architects accumulated 0% or 265 shares. The United Kingdom-based Hsbc Public Limited Company has invested 0% in Alliance Holdings GP, L.P. (NASDAQ:AHGP). Royal Retail Bank Of Canada, a Ontario – Canada-based fund reported 280 shares. Glenmede Tru Na accumulated 0.01% or 80,177 shares. Arrow Advsrs Ltd Liability Com last reported 49,786 shares in the company. Neuberger Berman Group Inc Ltd Limited Liability Company has 7.28M shares for 0.21% of their US portfolio. Moreover, Deutsche National Bank Ag has 0% invested in Alliance Holdings GP, L.P. (NASDAQ:AHGP) for 20,276 shares. Bank Of America Corp De has 22,843 shares for 0% of their US portfolio. Pinnacle Holdings Lc holds 0% of its portfolio in Alliance Holdings GP, L.P. (NASDAQ:AHGP) for 141,907 shares. Grp One Trading Lp accumulated 0% or 387 shares. The Illinois-based Advisory Inc has invested 0.17% in Alliance Holdings GP, L.P. (NASDAQ:AHGP). Selz Ltd Liability, a New York-based fund reported 258,000 shares. Bokf Na has 59,884 shares for 0.04% of their US portfolio. Wells Fargo & Company Mn holds 2,593 shares or 0% of its portfolio. Bnp Paribas Arbitrage Sa holds 0% of its portfolio in Alliance Holdings GP, L.P. (NASDAQ:AHGP) for 132 shares.
Insider Transactions: Since June 9, 2016, the stock had 0 buys, and 1 insider sale for $251,370 net activity. 12,825 Alliance Holdings GP, L.P. (NASDAQ:AHGP) shares with value of $251,370 were sold by DRUTEN ROBERT J.
More notable recent Alliance Holdings GP, L.P. (NASDAQ:AHGP) news were published by: Fool.com which released: “How Safe Are Alliance Holdings GP, LP and Its Dividend?” on October 18, 2016, also Fool.com with their article: “3 Terrible Reasons to Sell Alliance Holdings GP, LP” published on August 25, 2016, Marketwatch.com published: “Plus the latest data from Realtor.com on 21 home markets across the US” on December 22, 2009. More interesting news about Alliance Holdings GP, L.P. (NASDAQ:AHGP) were released by: Fool.com and their article: “Why Alliance Holdings GP, LP Units Rocketed Nearly 30% in June” published on July 08, 2016 as well as Businesswire.com‘s news article titled: “Alliance Resource Partners, L.P. and Alliance Holdings GP, L.P. Announce Third …” with publication date: October 14, 2016.
AHGP Company Profile
Alliance Holdings GP, L.P. (AHGP), incorporated on November 10, 2005, is a limited partnership company. The Firm 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 divisions include Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment consists of various operating divisions, including Webster County Coal’s Dotiki mining complex; Gibson County Coal’s mining complex, which includes the Gibson North mine and Gibson South mine; Hopkins County Coal’s mining complex, which includes the Elk Creek mine; White County Coal’s Pattiki mining complex; Warrior’s mining complex; Sebree Mining’s mining complex, which includes the Onton mine, Steamport and certain Sebree Reserves; River View’s mining complex, and the Hamilton mining complex. The Appalachia segment consists of various operating divisions, including the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining mining complex. The Mettiki mining complex includes Mettiki Coal (WV)’s Mountain View mine and Mettiki Coal’s preparation plant.
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