Empowered Funds LLC Buys 16,525 Shares of Alpha Metallurgical Resources, Inc. $AMR

Key Points

• Empowered Funds LLC increased its Alpha Metallurgical Resources stake by 79.4% in the first quarter, adding 16,525 shares to hold 37,347 shares valued at approximately $7.7 million. Institutional investors collectively own 84.29% of AMR.
• Alpha Metallurgical Resources reported a quarterly loss of $0.96 per share, slightly better than estimates, but revenue of $421.3 million fell short of expectations and declined 10.4% year over year.
• Analyst sentiment remains cautious: six analysts rate AMR “Hold” and one rates it “Sell,” producing a consensus “Reduce” rating and an average price target of $177, compared with a recent share price of $166.05.

Empowered Funds LLC lifted its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 79.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,347 shares of the energy company's stock after acquiring an additional 16,525 shares during the period. Empowered Funds LLC owned approximately 0.29% of Alpha Metallurgical Resources worth $7,666,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Los Angeles Capital Management LLC bought a new stake in Alpha Metallurgical Resources in the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd increased its stake in 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 purchasing an additional 112 shares in the last quarter. Leonteq Securities AG acquired a new stake in Alpha Metallurgical Resources during the 1st quarter worth approximately $37,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth $45,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of Alpha Metallurgical Resources by 67.9% during the fourth quarter. Hantz Financial Services Inc. now owns 403 shares of the energy company's stock worth $81,000 after acquiring an additional 163 shares during the period. Institutional investors own 84.29% of the company's stock.

Insider Buying and Selling

In other Alpha Metallurgical Resources news, EVP Mark Matthew Manno sold 460 shares of the company's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $214.64, for a total value of $98,734.40. Following the sale, the executive vice president owned 3,966 shares in the company, valued at $851,262.24. This represents a 10.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth S. Courtis acquired 10,000 shares of the business's stock in a transaction dated Friday, June 12th. The stock was acquired at an average cost of $200.73 per share, with a total value of $2,007,300.00. Following the completion of the transaction, the director owned 985,394 shares of the company's stock, valued at approximately $197,798,137.62. The trade was a 1.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 18.20% of the stock is owned by corporate insiders.

Alpha Metallurgical Resources Trading Up 6.7%

Shares of NYSE:AMR opened at $166.05 on Friday. The company's 50-day moving average price is $160.38 and its two-hundred day moving average price is $181.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.41 and a quick ratio of 2.37. Alpha Metallurgical Resources, Inc. has a one year low of $133.64 and a one year high of $253.82. The stock has a market capitalization of $2.11 billion, a PE ratio of -46.38 and a beta of 0.65.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The energy company reported ($0.96) EPS for the quarter, beating the consensus estimate of ($0.97) by $0.01. The firm had revenue of $421.29 million during the quarter, compared to analysts' expectations 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 business's quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.38) earnings per share. On average, equities analysts forecast that Alpha Metallurgical Resources, Inc. will post 0.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. UBS Group initiated coverage on Alpha Metallurgical Resources in a research note on Friday, July 10th. They issued a "neutral" rating and a $165.00 price target on the stock. B. Riley Financial cut their price target on Alpha Metallurgical Resources from $194.00 to $189.00 and set a "neutral" rating on the stock in a report on Tuesday, July 28th. Zacks Research raised Alpha Metallurgical Resources from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings downgraded Alpha Metallurgical Resources from a "sell (d)" rating to a "sell (e+)" rating in a report on Tuesday. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Alpha Metallurgical Resources presently has an average rating of "Reduce" and an average price target of $177.00.

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.

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