Selz Capital Lowers stake in Alliance Holdings GP L.P. (AHGP)

Alliance Holdings GP L.P. (AHGP) : Selz Capital reduced its stake in Alliance Holdings GP L.P. by 0.31% during the most recent quarter end. The investment management company now holds a total of 258,000 shares of Alliance Holdings GP L.P. which is valued at $6,359,700 after selling 800 shares in Alliance Holdings GP L.P. , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Alliance Holdings GP L.P. makes up approximately 1.74% of Selz Capital’s portfolio.

Other Hedge Funds, Including , 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.Cutler Group Lp boosted its stake in AHGP in the latest quarter, The investment management firm added 2,808 additional shares and now holds a total of 7,756 shares of Alliance Holdings GP L.P. which is valued at $169,081. Alliance Holdings GP L.P. makes up approx 0.01% of Cutler Group Lp’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in AHGP in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 132 shares of Alliance Holdings GP L.P. which is valued at $3,074.

Alliance Holdings GP L.P. opened for trading at $23.25 and hit $24.32 on the upside on Wednesday, eventually ending the session at $23.98, with a gain of 2.43% or 0.57 points. The heightened volatility saw the trading volume jump to 81,051 shares. Company has a market cap of $1,436 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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