First Manhattan Co. lessened its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 28.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 218,417 shares of the energy company’s stock after selling 85,691 shares during the quarter. First Manhattan Co.’s holdings in Alliance Resource Partners were worth $4,446,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARLP. Deutsche Bank AG increased its stake in Alliance Resource Partners by 45.1% during the 4th quarter. Deutsche Bank AG now owns 210,945 shares of the energy company’s stock valued at $3,657,000 after purchasing an additional 65,559 shares in the last quarter. Jackson Hole Capital Partners LLC acquired a new position in Alliance Resource Partners during the 4th quarter valued at approximately $1,670,000. Geode Capital Management LLC increased its stake in Alliance Resource Partners by 12.1% during the 4th quarter. Geode Capital Management LLC now owns 140,989 shares of the energy company’s stock valued at $2,444,000 after purchasing an additional 15,219 shares in the last quarter. Abacus Planning Group Inc. acquired a new position in Alliance Resource Partners during the 4th quarter valued at approximately $364,000. Finally, Edge Capital Group LLC acquired a new position in Alliance Resource Partners during the 4th quarter valued at approximately $1,128,000. Hedge funds and other institutional investors own 26.85% of the company’s stock.

ARLP has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 1st. Zacks Investment Research upgraded shares of Alliance Resource Partners from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Monday, January 28th. Finally, ValuEngine upgraded shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $21.00.

ARLP stock opened at $18.60 on Monday. The firm has a market capitalization of $2.40 billion, a PE ratio of 7.62 and a beta of 1.01. The company has a current ratio of 1.51, a quick ratio of 1.33 and a debt-to-equity ratio of 0.48. Alliance Resource Partners, L.P. has a 12 month low of $15.55 and a 12 month high of $20.99.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, January 28th. The energy company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.39). The business had revenue of $531.80 million during the quarter, compared to analysts’ expectations of $538.50 million. Alliance Resource Partners had a net margin of 18.30% and a return on equity of 26.51%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the company earned $0.55 earnings per share. On average, research analysts expect that Alliance Resource Partners, L.P. will post 2.88 EPS for the current fiscal year.

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Alliance Resource Partners Profile

Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.

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

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