Alliance Resource Partners, L.P. (ARLP) Position Cut by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. lowered its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 31.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,946 shares of the energy company’s stock after selling 5,902 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Alliance Resource Partners were worth $255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advantage Investment Management LLC boosted its holdings in Alliance Resource Partners by 1,441.2% during the 4th quarter. Advantage Investment Management LLC now owns 5,317 shares of the energy company’s stock valued at $105,000 after acquiring an additional 4,972 shares during the period. TCI Wealth Advisors Inc. boosted its holdings in Alliance Resource Partners by 66.0% during the 4th quarter. TCI Wealth Advisors Inc. now owns 6,638 shares of the energy company’s stock valued at $131,000 after acquiring an additional 2,638 shares during the period. Tower Research Capital LLC TRC purchased a new position in Alliance Resource Partners during the 4th quarter valued at $132,000. Schroder Investment Management Group purchased a new position in Alliance Resource Partners during the 4th quarter valued at $167,000. Finally, Huntington National Bank purchased a new position in Alliance Resource Partners during the 4th quarter valued at $188,000. Institutional investors own 14.35% of the company’s stock.

Shares of NASDAQ ARLP opened at $16.88 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.97 and a quick ratio of 0.76. The firm has a market cap of $2,169.69, a price-to-earnings ratio of 5.88 and a beta of 0.74. Alliance Resource Partners, L.P. has a twelve month low of $16.50 and a twelve month high of $23.45.



Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, January 29th. The energy company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The firm had revenue of $483.00 million for the quarter, compared to the consensus estimate of $478.15 million. Alliance Resource Partners had a net margin of 16.90% and a return on equity of 26.79%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the firm earned $1.30 earnings per share. research analysts expect that Alliance Resource Partners, L.P. will post 2.21 earnings per share for the current fiscal year.

ARLP has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Alliance Resource Partners from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Friday, February 2nd. B. Riley restated a “buy” rating and set a $30.00 price objective on shares of Alliance Resource Partners in a report on Tuesday, January 30th. BidaskClub upgraded Alliance Resource Partners from a “hold” rating to a “buy” rating in a report on Friday, January 26th. ValuEngine cut Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, Stifel Nicolaus set a $22.00 target price on Alliance Resource Partners and gave the company a “hold” rating in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $26.25.

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About Alliance Resource Partners

Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through segments, including Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.

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Institutional Ownership by Quarter for Alliance Resource Partners (NASDAQ:ARLP)

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