Investment House LLC Takes Position in Alpha Metallurgical Resources, Inc. $AMR

by · The Markets Daily

Investment House LLC bought a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report) in the 2nd quarter, Holdings Channel reports. The firm bought 5,810 shares of the energy company’s stock, valued at approximately $654,000.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its position in Alpha Metallurgical Resources by 27.2% in the 2nd quarter. State Street Corp now owns 865,934 shares of the energy company’s stock worth $97,400,000 after purchasing an additional 185,281 shares during the period. Financial Strategies Group Inc. grew its stake in shares of Alpha Metallurgical Resources by 32.1% during the second quarter. Financial Strategies Group Inc. now owns 8,292 shares of the energy company’s stock valued at $1,016,000 after buying an additional 2,014 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Alpha Metallurgical Resources by 1.1% in the second quarter. Federated Hermes Inc. now owns 25,931 shares of the energy company’s stock worth $2,917,000 after buying an additional 294 shares during the period. Jump Financial LLC purchased a new stake in shares of Alpha Metallurgical Resources in the second quarter worth approximately $2,331,000. Finally, Marshall Wace LLP bought a new stake in shares of Alpha Metallurgical Resources during the 2nd quarter worth approximately $5,284,000. 84.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Monday. Wall Street Zen raised shares of Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $160.50.

Check Out Our Latest Research Report on AMR

Alpha Metallurgical Resources Trading Up 6.0%

AMR opened at $189.65 on Friday. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of -53.27 and a beta of 0.91. Alpha Metallurgical Resources, Inc. has a 12-month low of $97.41 and a 12-month high of $233.20. The business’s fifty day simple moving average is $165.48 and its 200-day simple moving average is $143.32.

Alpha Metallurgical Resources (NYSE:AMR – Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The energy company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.07). Alpha Metallurgical Resources had a negative net margin of 2.09% and a negative return on equity of 2.88%. The firm had revenue of $526.78 million during the quarter, compared to the consensus estimate of $543.77 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The business’s revenue was down 21.6% compared to the same quarter last year. On average, equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Insider Activity at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis purchased 36,000 shares of the stock in a transaction dated Monday, December 8th. The stock was purchased at an average price of $175.26 per share, with a total value of $6,309,360.00. Following the transaction, the director owned 770,537 shares of the company’s stock, valued at approximately $135,044,314.62. This trade represents a 4.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 16.00% of the company’s stock.

Alpha Metallurgical Resources Company Profile

(Free Report)

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.

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