Dalal Street LLC Increases Holdings in Alpha Metallurgical Resources, Inc. $AMR

Key Points

• Dalal Street LLC increased its stake in Alpha Metallurgical Resources by 15.6% in Q3 to 532,000 shares, making AMR its second-largest position (25.9% of the firm's portfolio) and representing about $87.3 million or 4.14% ownership of the company.
• Alpha Metallurgical reported Q results of ($1.34) EPS (matching estimates) and revenue of $436.3M versus $538.5M expected (down 15.7% year‑over‑year); the stock trades around $168.58 with a market cap of $2.16B and a negative P/E of -35.57.
• Market sentiment is cautious: analysts' consensus is a "Reduce" rating with a $196 target, institutional investors own about 84.29% of the shares while insiders hold roughly 16%, with recent insider buys and a CFO sale disclosed.

Dalal Street LLC raised its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 15.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 532,000 shares of the energy company's stock after acquiring an additional 71,673 shares during the period. Alpha Metallurgical Resources makes up 25.9% of Dalal Street LLC's investment portfolio, making the stock its 2nd largest position. Dalal Street LLC owned about 4.14% of Alpha Metallurgical Resources worth $87,296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AMR. The Manufacturers Life Insurance Company raised its position in shares of Alpha Metallurgical Resources by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,256 shares of the energy company's stock valued at $704,000 after buying an additional 76 shares in the last quarter. GAMMA Investing LLC increased its stake in Alpha Metallurgical Resources by 26.5% in the third quarter. GAMMA Investing LLC now owns 391 shares of the energy company's stock valued at $64,000 after acquiring an additional 82 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Alpha Metallurgical Resources by 48.9% in the third quarter. Farther Finance Advisors LLC now owns 265 shares of the energy company's stock valued at $43,000 after acquiring an additional 87 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in Alpha Metallurgical Resources by 1.6% during the third quarter. Illinois Municipal Retirement Fund now owns 6,022 shares of the energy company's stock valued at $988,000 after purchasing an additional 94 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in Alpha Metallurgical Resources by 3.5% during the third quarter. Amalgamated Bank now owns 3,233 shares of the energy company's stock worth $531,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Price Performance

Shares of Alpha Metallurgical Resources stock opened at $168.58 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.47 and a quick ratio of 3.53. Alpha Metallurgical Resources, Inc. has a one year low of $97.41 and a one year high of $253.82. The business's 50 day simple moving average is $204.25 and its two-hundred day simple moving average is $178.99. The stock has a market capitalization of $2.16 billion, a P/E ratio of -35.57 and a beta of 0.79.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings data 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 return on equity of 3.88% and a negative net margin of 2.90%.The firm had revenue of $436.33 million during the quarter, compared to analyst estimates of $538.45 million. During the same quarter in the prior year, the firm posted ($0.16) earnings per share. The business's quarterly revenue was down 15.7% compared to the same quarter last year. Analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Joshua Todd Munsey sold 2,523 shares of Alpha Metallurgical Resources stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $183.24, for a total value of $462,314.52. Following the sale, the chief financial officer owned 4,735 shares in the company, valued at $867,641.40. The trade was a 34.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kenneth S. Courtis acquired 9,000 shares of Alpha Metallurgical Resources stock in a transaction on Monday, December 15th. The shares were bought at an average cost of $188.16 per share, for a total transaction of $1,693,440.00. Following the completion of the transaction, the director owned 816,537 shares in the company, valued at approximately $153,639,601.92. This trade represents a 1.11% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 62,576 shares of company stock valued at $11,684,814 over the last three months. Company insiders own 16.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Benchmark reiterated a "hold" rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Texas Capital lowered Alpha Metallurgical Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 29th. Weiss Ratings reiterated a "sell (d)" rating on shares of Alpha Metallurgical Resources in a research report on Monday, December 29th. Zacks Research downgraded shares of Alpha Metallurgical Resources from a "hold" rating to a "strong sell" rating in a research note on Thursday, February 5th. Finally, B. Riley Financial upped 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 note on Thursday. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $196.00.

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.

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