2,503 Shares in Alpha Metallurgical Resources, Inc. $AMR Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,503 shares of the energy company’s stock, valued at approximately $413,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Alpha Metallurgical Resources during the second quarter worth about $299,230,000. State Street Corp boosted its holdings in shares of Alpha Metallurgical Resources by 27.2% during 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 last quarter. Dimensional Fund Advisors LP grew its position in shares of Alpha Metallurgical Resources by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 721,872 shares of the energy company’s stock valued at $148,192,000 after purchasing an additional 38,300 shares in the last quarter. Continental General Insurance Co. lifted its position in Alpha Metallurgical Resources by 6.4% during the fourth quarter. Continental General Insurance Co. now owns 644,025 shares of the energy company’s stock worth $128,728,000 after buying an additional 38,576 shares in the last quarter. Finally, Dalal Street LLC boosted its stake in Alpha Metallurgical Resources by 2.1% during the fourth quarter. Dalal Street LLC now owns 543,000 shares of the energy company’s stock worth $108,535,000 after buying an additional 11,000 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Insider Activity

In other news, Director Kenneth S. Courtis purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average price of $228.99 per share, for a total transaction of $1,144,950.00. Following the purchase, the director directly owned 1,025,394 shares of the company’s stock, valued at $234,804,972.06. This represents a 0.49% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders bought 35,000 shares of company stock valued at $7,137,400. 18.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AMR shares. B. Riley Financial reduced their price target on Alpha Metallurgical Resources from $189.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, August 20th. 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. Jefferies Financial Group reaffirmed a “hold” rating and set a $160.00 price target on shares of Alpha Metallurgical Resources in a research report on Tuesday, July 21st. Wall Street Zen cut Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, UBS Group initiated coverage on Alpha Metallurgical Resources in a report on Friday, July 10th. They set a “neutral” rating and a $165.00 price target for the company. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $176.00.

Alpha Metallurgical Resources Stock Performance

Shares of Alpha Metallurgical Resources stock opened at $233.41 on Thursday. The business has a 50-day simple moving average of $166.60 and a 200-day simple moving average of $182.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.37 and a current ratio of 3.41. Alpha Metallurgical Resources, Inc. has a one year low of $133.64 and a one year high of $253.82. The company has a market cap of $2.96 billion, a PE ratio of -65.20 and a beta of 0.68.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, August 7th. The energy company reported ($0.96) EPS for the quarter, beating analysts’ consensus estimates of ($0.97) by $0.01. Alpha Metallurgical Resources had a negative return on equity of 2.99% and a negative net margin of 2.23%.The business had revenue of $421.29 million for the quarter, compared to the consensus estimate of $521.61 million. During the same quarter in the prior year, the business posted ($0.38) EPS. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, equities research analysts forecast that Alpha Metallurgical Resources, Inc. will post -2.4 EPS for the current fiscal year.

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.