JPMorgan Chase & Co. Raises Position in Alliance Resource Partners, L.P. (ARLP)

JPMorgan Chase & Co. raised its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 12.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 843,816 shares of the energy company’s stock after buying an additional 94,379 shares during the quarter. JPMorgan Chase & Co. owned about 0.65% of Alliance Resource Partners worth $15,738,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. ING Groep NV acquired a new stake in shares of Alliance Resource Partners during the third quarter worth $1,935,000. Russell Investments Group Ltd. boosted its holdings in shares of Alliance Resource Partners by 2.5% during the third quarter. Russell Investments Group Ltd. now owns 197,964 shares of the energy company’s stock worth $3,831,000 after purchasing an additional 4,772 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Alliance Resource Partners during the third quarter worth $193,000. Principal Financial Group Inc. boosted its holdings in shares of Alliance Resource Partners by 16.2% during the third quarter. Principal Financial Group Inc. now owns 1,754,786 shares of the energy company’s stock worth $33,954,000 after purchasing an additional 245,133 shares during the last quarter. Finally, Wedbush Securities Inc. acquired a new stake in shares of Alliance Resource Partners during the third quarter worth $222,000. Hedge funds and other institutional investors own 14.36% of the company’s stock.

Shares of Alliance Resource Partners, L.P. (ARLP) traded up $0.70 on Thursday, hitting $21.10. The company had a trading volume of 496,297 shares, compared to its average volume of 339,744. The company has a quick ratio of 0.53, a current ratio of 0.82 and a debt-to-equity ratio of 0.39. The stock has a market cap of $2,760.00, a price-to-earnings ratio of 5.49 and a beta of 0.74. Alliance Resource Partners, L.P. has a twelve month low of $17.60 and a twelve month high of $25.55.

Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, October 30th. The energy company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.13). The firm had revenue of $453.19 million during the quarter, compared to analysts’ expectations of $474.34 million. Alliance Resource Partners had a return on equity of 31.11% and a net margin of 18.96%. The company’s quarterly revenue was down 17.9% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. equities research analysts forecast that Alliance Resource Partners, L.P. will post 3.06 EPS for the current year.

Several research firms have recently issued reports on ARLP. BidaskClub upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. ValuEngine upgraded Alliance Resource Partners from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Stifel Nicolaus decreased their price objective on Alliance Resource Partners from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Wednesday, November 15th. B. Riley restated a “buy” rating on shares of Alliance Resource Partners in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $25.32.

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Alliance Resource Partners Profile

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.

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

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