Renaissance Technologies LLC Has $4.97 Million Stake in Alliance Resource Partners, L.P. (ARLP)

Renaissance Technologies LLC grew its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 40.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 252,267 shares of the energy company’s stock after acquiring an additional 73,077 shares during the period. Renaissance Technologies LLC owned about 0.19% of Alliance Resource Partners worth $4,970,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advantage Investment Management LLC grew its position in shares of Alliance Resource Partners by 1,441.2% in 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. grew its position in shares of Alliance Resource Partners by 66.0% in 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 bought a new position in shares of Alliance Resource Partners in the 4th quarter valued at about $132,000. Schroder Investment Management Group bought a new position in shares of Alliance Resource Partners in the 4th quarter valued at about $167,000. Finally, Huntington National Bank bought a new position in shares of Alliance Resource Partners in the 4th quarter valued at about $188,000. 14.35% of the stock is owned by institutional investors.

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Shares of ARLP stock opened at $16.55 on Tuesday. The stock has a market cap of $2,163.15, a P/E ratio of 5.77 and a beta of 0.74. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.41. Alliance Resource Partners, L.P. has a 52 week low of $16.35 and a 52 week high of $23.45.

Alliance Resource Partners (NASDAQ:ARLP) last announced its earnings results on Monday, January 29th. The energy company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). Alliance Resource Partners had a return on equity of 26.79% and a net margin of 16.90%. The company had revenue of $483.00 million for the quarter, compared to the consensus estimate of $478.15 million. During the same period in the previous year, the firm posted $1.30 EPS. The business’s quarterly revenue was down 8.4% on a year-over-year basis. research analysts forecast that Alliance Resource Partners, L.P. will post 2.23 EPS for the current year.

Several analysts recently commented on the stock. BidaskClub downgraded shares of Alliance Resource Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday. ValuEngine downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Stifel Nicolaus set a $22.00 target price on shares of Alliance Resource Partners and gave the stock a “hold” rating in a report on Tuesday, January 16th. Zacks Investment Research downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Finally, B. Riley reaffirmed a “buy” rating and set a $30.00 target price on shares of Alliance Resource Partners in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $26.25.

TRADEMARK VIOLATION WARNING: “Renaissance Technologies LLC Has $4.97 Million Stake in Alliance Resource Partners, L.P. (ARLP)” was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.chaffeybreeze.com/2018/04/17/renaissance-technologies-llc-has-4-97-million-stake-in-alliance-resource-partners-l-p-arlp.html.

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.

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

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