GSA Capital Partners LLP Buys Shares of 6,917 Alpha Metallurgical Resources, Inc. (NYSE:AMR)

GSA Capital Partners LLP purchased a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,917 shares of the energy company’s stock, valued at approximately $866,000. GSA Capital Partners LLP owned approximately 0.05% of Alpha Metallurgical Resources at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMR. Norges Bank purchased a new stake in shares of Alpha Metallurgical Resources during the 4th quarter worth $26,332,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $6,958,000. GAMMA Investing LLC lifted its position in Alpha Metallurgical Resources by 11,100.3% during the first quarter. GAMMA Investing LLC now owns 34,945 shares of the energy company’s stock valued at $4,377,000 after acquiring an additional 34,633 shares during the last quarter. Nomura Holdings Inc. boosted its stake in Alpha Metallurgical Resources by 1,706.0% in the fourth quarter. Nomura Holdings Inc. now owns 30,702 shares of the energy company’s stock valued at $6,144,000 after acquiring an additional 29,002 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Alpha Metallurgical Resources by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company’s stock worth $147,366,000 after purchasing an additional 28,225 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Down 3.0%

AMR opened at $114.55 on Friday. Alpha Metallurgical Resources, Inc. has a twelve month low of $97.41 and a twelve month high of $267.63. The company has a market cap of $1.49 billion, a PE ratio of 56.71 and a beta of 0.59. The company has a 50-day moving average price of $115.75 and a 200 day moving average price of $133.31.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Friday, May 9th. The energy company reported ($2.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.06) by ($1.54). Alpha Metallurgical Resources had a net margin of 1.01% and a return on equity of 1.62%. The firm had revenue of $531.96 million during the quarter, compared to analysts’ expectations of $586.15 million. During the same quarter in the previous year, the business posted $9.59 EPS. The company’s revenue for the quarter was down 38.4% on a year-over-year basis. As a group, sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMR has been the subject of a number of recent analyst reports. Wall Street Zen cut Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Jefferies Financial Group initiated coverage on Alpha Metallurgical Resources in a report on Tuesday, July 1st. They issued a “hold” rating and a $110.00 price target for the company. Finally, B. Riley lowered their target price on shares of Alpha Metallurgical Resources from $181.00 to $173.00 and set a “buy” rating for the company in a research note on Tuesday, July 22nd.

Alpha Metallurgical Resources Company Profile

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.