4 Stocks to Sell Now According to Mitch Cantor’s Mountain Lake Investment Management

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1. Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Number of Hedge Fund Holders: 5
Percentage Decrease in Stake in Q4: 100%

Alliance Resource Partners, L.P. (NASDAQ:ARLP) is a natural resource firm that produces and sells coal to utilities and industrial customers in the United States. Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s segments include Illinois Basin, Appalachia, Minerals, and Other & Corporate.

An ‘Outperform’ rating was assigned to Alliance Resource Partners, L.P. (NASDAQ:ARLP), along with a $22 price objective by Noble Capital analyst Mark Reichman on March 30. Mountain Lake Investment Management sold all of its 229,500 Alliance Resource Partners, L.P. (NASDAQ:ARLP) shares in the fourth quarter of 2021.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) was in 5 hedge funds’ portfolios at the end of the fourth quarter of 2021, down from 6 in the preceding quarter. Magnolia Capital Fund is Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s largest shareholder, holding shares valued at $62.5 million as of December 31.

For some compelling buying opportunities, be sure to check out 10 Tech Stocks to Buy Now According to Robert Pitts’ Steadfast Capitals and 8 Best Energy Stocks to Buy According to Stuart Zimmer’s Hedge Fund

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