iShares Global Timber & Forestry ETF (WOOD) Forms $77.99 Double Top; Corecommodity Management Has Upped Its Alliance Res Partner LP (ARLP) Holding

March 11, 2018 - By John Hoffman

Corecommodity Management Llc increased Alliance Res Partner LP (ARLP) stake by 114.78% reported in 2017Q3 SEC filing. Corecommodity Management Llc acquired 18,471 shares as Alliance Res Partner LP (ARLP)’s stock declined 8.23%. The Corecommodity Management Llc holds 34,564 shares with $669,000 value, up from 16,093 last quarter. Alliance Res Partner LP now has $2.31 billion valuation. The stock decreased 0.56% or $0.1 during the last trading session, reaching $17.65. About 396,593 shares traded or 5.63% up from the average. Alliance Resource Partners, L.P. (NASDAQ:ARLP) has risen 50.47% since March 11, 2017 and is uptrending. It has outperformed by 33.77% the S&P500.

iShares Global Timber & Forestry ETF (WOOD) formed double top with $80.33 target or 3.00% above today’s $77.99 share price. iShares Global Timber & Forestry ETF (WOOD) has $414.19M valuation. The ETF increased 1.06% or $0.82 during the last trading session, reaching $77.99. About 40,628 shares traded or 27.80% up from the average. iShares Global Timber & Forestry ETF (NASDAQ:WOOD) has risen 28.91% since March 11, 2017 and is uptrending. It has outperformed by 12.21% the S&P500.

Among 7 analysts covering Alliance Resource Partners (NASDAQ:ARLP), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Alliance Resource Partners had 21 analyst reports since July 22, 2015 according to SRatingsIntel. FBR Capital maintained Alliance Resource Partners, L.P. (NASDAQ:ARLP) rating on Thursday, October 13. FBR Capital has “Outperform” rating and $24 target. M Partners initiated Alliance Resource Partners, L.P. (NASDAQ:ARLP) rating on Tuesday, December 20. M Partners has “Neutral” rating and $25.0 target. FBR Capital initiated Alliance Resource Partners, L.P. (NASDAQ:ARLP) on Friday, September 18 with “Outperform” rating. Stifel Nicolaus maintained the shares of ARLP in report on Wednesday, November 15 with “Hold” rating. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) earned “Hold” rating by Stifel Nicolaus on Tuesday, January 16. Stifel Nicolaus maintained Alliance Resource Partners, L.P. (NASDAQ:ARLP) rating on Thursday, October 12. Stifel Nicolaus has “Hold” rating and $22.0 target. Stifel Nicolaus maintained the shares of ARLP in report on Thursday, September 7 with “Hold” rating. The firm has “Outperform” rating given on Tuesday, November 1 by FBR Capital. On Thursday, August 6 the stock rating was upgraded by Zacks to “Strong Sell”. As per Tuesday, November 3, the company rating was maintained by Cowen & Co.

Investors sentiment increased to 1.2 in 2017 Q3. Its up 0.48, from 0.72 in 2017Q2. It increased, as 12 investors sold ARLP shares while 31 reduced holdings. 13 funds opened positions while 18 raised stakes. 17.59 million shares or 2.43% less from 18.03 million shares in 2017Q2 were reported. Gsa Prtn Llp accumulated 63,447 shares. Us Bancorporation De reported 0% in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Kistler holds 200 shares. Creative Planning holds 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 30,690 shares. Pnc Fin Serv Grp Inc Inc holds 0% or 15,628 shares in its portfolio. Winslow Evans And Crocker holds 400 shares or 0% of its portfolio. Renaissance Limited Liability Com owns 0% invested in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 179,190 shares. Gru One Trading Limited Partnership invested 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Bokf Na invested in 41,890 shares or 0.02% of the stock. Walleye Trading Limited Liability holds 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 3,575 shares. Pinnacle Hldgs Ltd Limited Liability Company holds 3,300 shares. Royal Commercial Bank Of Canada, a Ontario – Canada-based fund reported 3,123 shares. Natl Bank Of America De owns 442,365 shares. Reilly Fincl Advisors Limited Liability Co reported 0% in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Tiedemann Wealth Mngmt Ltd reported 160,247 shares.

Corecommodity Management Llc decreased First Majestic Silver Corp (NYSE:AG) stake by 145,022 shares to 19,036 valued at $130,000 in 2017Q3. It also reduced Rayonier Inc (NYSE:RYN) stake by 18,918 shares and now owns 26,418 shares. Wheaton Precious Metals Corp was reduced too.