Today, California Public Employees Retirement System reaches $1,932,000 position of Alliance Resource Partners, L.P. (ARLP)

Today, California Public Employees Retirement System reaches $1,932,000 position  of Alliance Resource Partners, L.P. (ARLP)

California Public Employees Retirement System maintained its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the second quarter, Holdings Channel reports. The firm owned 122,600 shares of the company’s stock at the end of the second quarter. California Public Employees Retirement System owned approximately 0.16% of Alliance Resource Partners, L.P. worth $1,932,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ARLP. Emerald Acquisition Ltd. bought a new position in Alliance Resource Partners, L.P. during the second quarter worth approximately $1,178,000. Rathbone Brothers plc increased its position in Alliance Resource Partners, L.P. by 13.6% in the second quarter. Rathbone Brothers plc now owns 16,505 shares of the company’s stock worth $260,000 after buying an additional 1,975 shares during the period. Lucus Advisors LLC bought a new position in Alliance Resource Partners, L.P. during the second quarter worth approximately $343,000. HL Financial Services LLC bought a new position in Alliance Resource Partners, L.P. during the second quarter worth approximately $164,000. Finally, Willingdon Wealth Management bought a new position in Alliance Resource Partners, L.P. during the second quarter worth approximately $811,000.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) traded up 0.58% on Thursday, reaching $22.38. The company’s stock had a trading volume of 148,421 shares. The stock’s 50 day moving average price is $21.04 and its 200 day moving average price is $16.93. The firm has a market cap of $1.66 billion, a PE ratio of 13.94 and a beta of 0.80. Alliance Resource Partners, L.P. has a 52-week low of $9.95 and a 52-week high of $24.37.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.27. The firm had revenue of $439.20 million for the quarter, compared to the consensus estimate of $444.13 million. The firm’s revenue was down 27.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. Equities research analysts expect that Alliance Resource Partners, L.P. will post $2.45 earnings per share for the current fiscal year.

A number of research analysts recently commented on the company. Zacks Investment Research downgraded Alliance Resource Partners, L.P. from a “buy” rating to a “hold” rating in a research note on Monday. FBR & Co boosted their price target on Alliance Resource Partners, L.P. from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, August 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.50.

In other news, VP Robert J. Fouch sold 17,000 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $19.34, for a total transaction of $328,780.00. Following the completion of the transaction, the vice president now owns 33,242 shares in the company, valued at approximately $642,900.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alliance Resource Partners, L.P. Company 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. It operates over 10 underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia.

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