Crocodile Capital Partners GmbH Makes New $41 Million Investment in Alpha Metallurgical Resources, Inc. $AMR

Crocodile Capital Partners GmbH bought a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 205,119 shares of the energy company’s stock, valued at approximately $40,999,000. Alpha Metallurgical Resources accounts for about 24.5% of Crocodile Capital Partners GmbH’s portfolio, making the stock its 2nd largest holding. Crocodile Capital Partners GmbH owned 1.60% of Alpha Metallurgical Resources as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AMR. Quadrature Capital Ltd acquired a new position in Alpha Metallurgical Resources during the 2nd quarter valued at approximately $958,000. Investment House LLC increased its position in Alpha Metallurgical Resources by 112.4% in the third quarter. Investment House LLC now owns 12,341 shares of the energy company’s stock worth $2,025,000 after buying an additional 6,531 shares during the period. Allianz Asset Management GmbH increased its position in Alpha Metallurgical Resources by 83.2% in the third quarter. Allianz Asset Management GmbH now owns 20,719 shares of the energy company’s stock worth $3,400,000 after buying an additional 9,412 shares during the period. JPMorgan Chase & Co. lifted its stake in Alpha Metallurgical Resources by 21.6% in the third quarter. JPMorgan Chase & Co. now owns 91,732 shares of the energy company’s stock valued at $15,052,000 after buying an additional 16,295 shares during the last quarter. Finally, Contrarius Group Holdings Ltd bought a new stake in Alpha Metallurgical Resources in the third quarter valued at $12,146,000. 84.29% of the stock is owned by institutional investors.

Alpha Metallurgical Resources Price Performance

NYSE:AMR opened at $193.86 on Monday. The business’s 50-day moving average price is $199.57 and its 200 day moving average price is $182.15. The firm has a market cap of $2.48 billion, a P/E ratio of -40.90 and a beta of 0.79. Alpha Metallurgical Resources, Inc. has a 52-week low of $97.41 and a 52-week high of $253.82. The company has a quick ratio of 3.53, a current ratio of 4.47 and a debt-to-equity ratio of 0.01.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Friday, February 27th. The energy company reported ($1.34) earnings per share for the quarter, meeting analysts’ consensus estimates of ($1.34). Alpha Metallurgical Resources had a negative net margin of 2.90% and a negative return on equity of 3.88%. The company had revenue of $436.33 million during the quarter, compared to the consensus estimate of $538.45 million. During the same period in the prior year, the company earned ($0.16) EPS. Alpha Metallurgical Resources’s revenue was down 15.7% on a year-over-year basis. As a group, sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Texas Capital lowered shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. B. Riley Financial lifted their price objective on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Monday, December 29th. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Finally, Zacks Research lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Alpha Metallurgical Resources currently has a consensus rating of “Reduce” and an average target price of $196.00.

Insider Buying and Selling

In related news, insider Daniel E. Horn sold 971 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $170.05, for a total transaction of $165,118.55. Following the completion of the sale, the insider directly owned 7,320 shares of the company’s stock, valued at $1,244,766. This represents a 11.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joshua Todd Munsey sold 2,523 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $183.24, for a total transaction of $462,314.52. Following the sale, the chief financial officer owned 4,735 shares of the company’s stock, valued at $867,641.40. The trade was a 34.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have acquired 58,000 shares of company stock worth $10,530,610 in the last ninety days. 16.00% of the stock is currently owned by corporate insiders.

Alpha Metallurgical Resources 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.