Alliance Resource Partners, LP (ARLP) Shares Sold by Credit Suisse AG

Paterniano Del Favero
Agosto 10, 2017

The firm owned 97,017 shares of the energy company's stock after selling 49,273 shares during the period. Credit Suisse AG owned approximately 0.13% of Alliance Resource Partners, L.P. worth $2,101,000 as of its most recent filing with the SEC.

Several other research firms also recently weighed in on NRP. Morgan Stanley increased its position in Natural Resource Partners by 488.5% in the first quarter. JPMorgan Chase & Co. now owns 657,207 shares of the energy company's stock worth $18,106,000 after buying an additional 257,912 shares in the last quarter. Acadian Asset Management LLC raised its position in Alliance Resource Partners, L.P.by 4.1% in the first quarter. Bank of America Corp DE increased its position in shares of Natural Resource Partners by 5.5% in the first quarter. Private Advisor Group LLC acquired a new stake in shares of Alliance Resource Partners, L.P. during the first quarter worth about $222,000. Finally, Marshall Wace North America L.P. bought a new position in Natural Resource Partners during the second quarter valued at $308,000. Natural Resource Partners LP has a 52-week low of $16.60 and a 52-week high of $45.60. 160,324 shares of the company's stock traded hands. The stock's 50 day moving average is $27.71 and its 200 day moving average is $33.29.

02/17/2015 - Natural Resource Partners LP was downgraded to "hold" by analysts at BB&T Capital Markets.

Alliance Resource Partners, L.P. had a return on equity of 34.60% and a net margin of 19.47%.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Wednesday, May 10th. The energy company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.67 by $1.64. The firm had revenue of $88.70 million during the quarter, compared to analyst estimates of $89.49 million. Equities analysts forecast that Natural Resource Partners will post $4.49 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be paid a $0.50 dividend. This is an increase from Alliance Resource Partners, L.P.'s previous quarterly dividend of $0.44. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.67%. Natural Resource Partners's dividend payout ratio is presently 30.46%.

ILLEGAL ACTIVITY WARNING: "Credit Suisse AG Lowers Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)" was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of US and global copyright and trademark legislation. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/08/09/california-public-employees-retirement-system-cuts-stake-in-natural-resource-partners-lp-nrp.html. ValuEngine raised shares of Natural Resource Partners from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 16th. FBR & Co reiterated an "outperform" rating and issued a $29.00 price objective (up previously from $27.00) on shares of Alliance Resource Partners, L.P.in a research note on Tuesday, May 2nd.

Natural Resource Partners LP (NYSE:NRP) was downgraded by analysts at BidaskClub from a "sell" rating to a "strong sell" rating in a note issued to investors on Thursday, July 27th. Zacks Investment Research upgraded shares of Natural Resource Partners from a "sell" rating to a "hold" rating in a research report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the stock. Natural Resource Partners now has a consensus rating of "Hold" and an average target price of $30.75. The shares were acquired at an average cost of $19.55 per share, with a total value of $195,500.00. Russell Investments Group Ltd. now owns 133,875 shares of the energy company's stock valued at $2,899,000 after buying an additional 7,447 shares in the last quarter. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

About Alliance Resource Partners, L.P.

Alliance Resource Partners, L.P.is a producer and marketer of coal primarily to the United States utilities and industrial users.

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