Deutsche Bank AG Invests $2.20 Million in Alpha Metallurgical Resources, Inc. $AMR

Key Points

• Deutsche Bank acquired 13,351 Alpha Metallurgical Resources shares worth approximately $2.2 million, representing about 0.10% of the company. Institutional investors collectively own 84.29% of AMR.
• Insider activity was mixed: COO Jason Whitehead sold shares worth $828,104, while Director Kenneth Courtis bought 15,000 shares for $2.9 million; insiders purchased 30,000 shares over the past quarter.
• AMR reported a quarterly loss of $0.96 per share, narrowly beating estimates, but revenue fell 10.4% year over year to $421.3 million. Analysts maintain a consensus “Reduce” rating with a $176 price target, below the stock’s $228.60 opening price.

Deutsche Bank AG bought a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,351 shares of the energy company's stock, valued at approximately $2,202,000. Deutsche Bank AG owned approximately 0.10% of Alpha Metallurgical Resources as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Los Angeles Capital Management LLC bought a new position in Alpha Metallurgical Resources in the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Alpha Metallurgical Resources by 215.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company's stock worth $33,000 after acquiring an additional 112 shares during the period. Leonteq Securities AG bought a new position in shares of Alpha Metallurgical Resources in the 1st quarter worth approximately $37,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at approximately $45,000. Finally, Hantz Financial Services Inc. grew its stake in Alpha Metallurgical Resources by 67.9% in the fourth quarter. Hantz Financial Services Inc. now owns 403 shares of the energy company's stock worth $81,000 after purchasing an additional 163 shares during the period. Institutional investors own 84.29% of the company's stock.

Insider Buying and Selling

In related news, COO Jason E. Whitehead sold 3,901 shares of the firm's stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $212.28, for a total value of $828,104.28. Following the completion of the sale, the chief operating officer directly owned 10,450 shares in the company, valued at $2,218,326. This trade represents a 27.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth S. Courtis acquired 15,000 shares of the company's stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of $193.50 per share, with a total value of $2,902,500.00. Following the completion of the purchase, the director directly owned 1,015,394 shares of the company's stock, valued at $196,478,739. This trade represents a 1.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 30,000 shares of company stock worth $5,992,450. Corporate insiders own 18.20% of the company's stock.

Alpha Metallurgical Resources Stock Performance

NYSE:AMR opened at $228.60 on Friday. 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 stock has a 50-day moving average price of $161.84 and a 200 day moving average price of $181.17. The stock has a market capitalization of $2.90 billion, a P/E ratio of -63.85 and a beta of 0.65.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its 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. The company had revenue of $421.29 million during the quarter, compared to analysts' expectations of $521.61 million. Alpha Metallurgical Resources had a negative net margin of 2.23% and a negative return on equity of 2.99%. Alpha Metallurgical Resources's quarterly revenue was down 10.4% on a year-over-year basis. During the same period last year, the company posted ($0.38) earnings per share. Equities research analysts forecast that Alpha Metallurgical Resources, Inc. will post -2.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on AMR. Weiss Ratings cut shares of Alpha Metallurgical Resources from a "sell (d)" rating to a "sell (e+)" rating in a report on Tuesday, August 11th. Zacks Research raised shares of Alpha Metallurgical Resources from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 29th. UBS Group began coverage on shares of Alpha Metallurgical Resources in a research note on Friday, July 10th. They set a "neutral" rating and a $165.00 price objective on the stock. B. Riley Financial cut their price objective on shares of Alpha Metallurgical Resources from $189.00 to $185.00 and set a "neutral" rating on the stock in a report on Thursday, August 20th. Finally, Atlantic Securities set a $194.00 target price on shares of Alpha Metallurgical Resources in a research note on Thursday, April 30th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $176.00.

About Alpha Metallurgical Resources

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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