Alpha Metallurgical Resources, Inc. $AMR Position Reduced by Systrade AG

Key Points

• Systrade AG reduced its Alpha Metallurgical Resources stake by 10.7% in the third quarter, selling 30,000 shares and retaining 250,000 shares worth approximately $42.1 million. Institutional investors collectively own 84.29% of the company.
• Analyst sentiment remains cautious: five analysts rate the stock “Hold” and two rate it “Sell,” resulting in a consensus “Reduce” rating and a $179.75 price target.
• AMR shares recently traded at $181.98, while quarterly revenue fell 10.4% year over year to $421.3 million. The company reported a loss of $0.96 per share, narrowly beating estimates.

Systrade AG lessened its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 10.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 250,000 shares of the energy company's stock after selling 30,000 shares during the quarter. Alpha Metallurgical Resources comprises approximately 21.3% of Systrade AG's portfolio, making the stock its 2nd biggest holding. Systrade AG owned 1.97% of Alpha Metallurgical Resources worth $42,055,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Hardin Capital Partners LLC purchased a new position in Alpha Metallurgical Resources in the 3rd quarter valued at approximately $252,000. Farther Finance Advisors LLC raised its holdings in Alpha Metallurgical Resources by 404.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 842 shares of the energy company's stock valued at $142,000 after acquiring an additional 675 shares during the period. Tidal Investments LLC lifted its position in shares of Alpha Metallurgical Resources by 10.2% during the second quarter. Tidal Investments LLC now owns 1,884 shares of the energy company's stock worth $311,000 after acquiring an additional 174 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Alpha Metallurgical Resources by 97.4% in the second quarter. WINTON GROUP Ltd now owns 1,940 shares of the energy company's stock worth $320,000 after acquiring an additional 957 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in shares of Alpha Metallurgical Resources in the second quarter valued at $3,728,000. Hedge funds and other institutional investors own 84.29% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Weiss Ratings cut Alpha Metallurgical Resources from a "sell (d)" rating to a "sell (e+)" rating in a report on Tuesday, August 11th. Zacks Research lowered Alpha Metallurgical Resources from a "hold" rating to a "strong sell" rating in a report on Thursday, August 27th. Jefferies Financial Group reiterated a "hold" rating and set a $160.00 price target on shares of Alpha Metallurgical Resources in a research report on Tuesday, July 21st. UBS Group increased their price target on shares of Alpha Metallurgical Resources from $160.00 to $180.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, B. Riley Financial cut their price objective on shares of Alpha Metallurgical Resources from $189.00 to $185.00 and set a "neutral" rating for the company in a research report on Thursday, August 20th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $179.75.

Alpha Metallurgical Resources Price Performance

Shares of Alpha Metallurgical Resources stock traded up $7.70 during trading on Friday, hitting $181.98. The stock had a trading volume of 224,337 shares, compared to its average volume of 289,322. The company has a current ratio of 3.41, a quick ratio of 2.37 and a debt-to-equity ratio of 0.01. Alpha Metallurgical Resources, Inc. has a 12 month low of $133.64 and a 12 month high of $253.82. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of -50.83 and a beta of 0.85. The business's 50-day moving average is $186.26 and its 200 day moving average is $183.85.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The energy company reported ($0.96) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.97) by $0.01. The company had revenue of $421.29 million during the quarter, compared to analyst estimates of $521.61 million. Alpha Metallurgical Resources had a negative return on equity of 2.99% and a negative net margin of 2.23%.The firm's quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.38) earnings per share. As a group, sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post -2.4 earnings per share for the current year.

Insider Activity

In other Alpha Metallurgical Resources news, Director Kenneth Courtis acquired 10,000 shares of the business's stock in a transaction dated Tuesday, September 8th. The stock was bought at an average price of $225.83 per share, with a total value of $2,258,300.00. Following the completion of the acquisition, the director owned 1,035,394 shares of the company's stock, valued at $233,823,027.02. This trade represents a 0.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders bought 35,000 shares of company stock worth $7,388,400. Company insiders own 18.20% of the company's stock.

Alpha Metallurgical Resources Profile

Alpha Metallurgical Resources, Inc is a U.S.-based producer of metallurgical coal, a key raw material used in the steelmaking process. The company operates underground and surface mines, primarily in Central Appalachia, and produces high-quality metallurgical coal for domestic and international steel producers.

The company's operations are concentrated in West Virginia and Virginia. In addition to mining, Alpha Metallurgical Resources manages coal processing, preparation, transportation, and marketing activities that support the delivery of its products to customers.

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