AlphaQuest LLC Invests $519,000 in Alpha Metallurgical Resources, Inc. $AMR

AlphaQuest LLC acquired a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,165 shares of the energy company’s stock, valued at approximately $519,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Financial Management Professionals Inc. purchased a new stake in Alpha Metallurgical Resources during the 3rd quarter worth about $25,000. CWM LLC grew its position in shares of Alpha Metallurgical Resources by 146.0% during the third quarter. CWM LLC now owns 246 shares of the energy company’s stock worth $40,000 after buying an additional 146 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Alpha Metallurgical Resources by 48.9% during the third quarter. Farther Finance Advisors LLC now owns 265 shares of the energy company’s stock worth $43,000 after buying an additional 87 shares during the period. GAMMA Investing LLC increased its stake in shares of Alpha Metallurgical Resources by 26.5% during the third quarter. GAMMA Investing LLC now owns 391 shares of the energy company’s stock worth $64,000 after buying an additional 82 shares during the period. Finally, Blue Trust Inc. raised its holdings in Alpha Metallurgical Resources by 68.0% in the second quarter. Blue Trust Inc. now owns 914 shares of the energy company’s stock valued at $103,000 after acquiring an additional 370 shares in the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on AMR. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Monday, December 29th. Jefferies Financial Group lifted their price objective on shares of Alpha Metallurgical Resources from $165.00 to $205.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Texas Capital lowered Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Finally, B. Riley cut Alpha Metallurgical Resources from a “buy” rating to a “neutral” rating and cut their price target for the company from $204.00 to $203.00 in a research note on Wednesday. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $204.00.

Alpha Metallurgical Resources Trading Down 3.7%

Shares of Alpha Metallurgical Resources stock opened at $201.06 on Friday. The company has a fifty day simple moving average of $207.64 and a 200-day simple moving average of $172.03. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of -56.48 and a beta of 0.78. Alpha Metallurgical Resources, Inc. has a 12-month low of $97.41 and a 12-month high of $253.82.

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

Insider Activity

In other news, Director Kenneth S. Courtis bought 9,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average cost of $188.16 per share, with a total value of $1,693,440.00. Following the transaction, the director directly owned 816,537 shares in the company, valued at $153,639,601.92. This trade represents a 1.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Gorzynski purchased 38,576 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were purchased at an average price of $188.50 per share, for a total transaction of $7,271,576.00. Following the purchase, the director directly owned 644,025 shares in the company, valued at $121,398,712.50. The trade was a 6.37% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 98,576 shares of company stock valued at $17,994,174. Insiders own 16.00% of the company’s stock.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc (NYSE: AMR) is a leading pure-play producer of high-grade metallurgical coal, primarily serving the global steelmaking industry. Headquartered in Bristol, Virginia, the company operates multiple underground and surface mining complexes across the central Appalachian and Illinois basins. Its production portfolio focuses on premium raw and semi-soft coking coal products tailored to meet the specifications of steel producers worldwide.

Formed in July 2021 through the spin-out of Contura Energy’s metallurgical coal business, Alpha Metallurgical Resources has built a reputation for operational excellence and cost-efficient mining.