3,284 Shares in Alpha Metallurgical Resources, Inc. $AMR Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 3,284 shares of the energy company’s stock, valued at approximately $542,000.

A number of other hedge funds have also made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of Alpha Metallurgical Resources by 55.0% in the first quarter. Royal Bank of Canada now owns 2,029 shares of the energy company’s stock valued at $254,000 after acquiring an additional 720 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Alpha Metallurgical Resources by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,548 shares of the energy company’s stock worth $820,000 after purchasing an additional 295 shares in the last quarter. Millennium Management LLC raised its stake in Alpha Metallurgical Resources by 208.0% in the 1st quarter. Millennium Management LLC now owns 106,107 shares of the energy company’s stock valued at $13,290,000 after purchasing an additional 71,653 shares during the last quarter. Intech Investment Management LLC raised its stake in Alpha Metallurgical Resources by 48.3% in the 1st quarter. Intech Investment Management LLC now owns 13,149 shares of the energy company’s stock valued at $1,647,000 after purchasing an additional 4,281 shares during the last quarter. Finally, Creative Planning lifted its holdings in Alpha Metallurgical Resources by 14.5% in the 2nd quarter. Creative Planning now owns 3,465 shares of the energy company’s stock valued at $390,000 after purchasing an additional 438 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Ratings Changes

AMR has been the topic of several recent research reports. Weiss Ratings cut shares of Alpha Metallurgical Resources from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. UBS Group initiated coverage on shares of Alpha Metallurgical Resources in a research report on Friday, July 10th. They issued a “neutral” rating and a $165.00 target price for the company. Zacks Research raised shares of Alpha Metallurgical Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. B. Riley Financial lowered their price target on shares of Alpha Metallurgical Resources from $189.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday, August 20th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $160.00 price objective on shares of Alpha Metallurgical Resources in a report on Tuesday, July 21st. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $176.00.

Insiders Place Their Bets

In other news, EVP Mark Matthew Manno sold 460 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $214.64, for a total value of $98,734.40. Following the completion of the sale, the executive vice president owned 3,966 shares of the company’s stock, valued at $851,262.24. This represents a 10.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Jason E. Whitehead sold 3,901 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $212.28, for a total transaction of $828,104.28. Following the sale, the chief operating officer owned 10,450 shares of the company’s stock, valued at $2,218,326. This represents a 27.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have bought 30,000 shares of company stock valued at $5,992,450 over the last ninety days. Company insiders own 18.20% of the company’s stock.

Alpha Metallurgical Resources Stock Down 0.2%

Shares of AMR opened at $226.84 on Friday. Alpha Metallurgical Resources, Inc. has a 52-week low of $133.64 and a 52-week high of $253.82. The company has a market capitalization of $2.88 billion, a PE ratio of -63.36 and a beta of 0.65. The stock has a fifty day simple moving average of $162.65 and a two-hundred day simple moving average of $181.49. The company has a quick ratio of 2.37, a current ratio of 3.41 and a debt-to-equity ratio of 0.01.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Friday, August 7th. The energy company reported ($0.96) earnings per share for the quarter, beating the consensus estimate of ($0.97) by $0.01. Alpha Metallurgical Resources had a negative net margin of 2.23% and a negative return on equity of 2.99%. The firm had revenue of $421.29 million for the quarter, compared to analysts’ expectations of $521.61 million. During the same quarter in the previous year, the company posted ($0.38) EPS. The company’s revenue was down 10.4% compared to the same quarter last year. As a group, equities analysts forecast that Alpha Metallurgical Resources, Inc. will post -2.4 EPS for the current year.

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.