Fox Run Management L.L.C. Purchases New Shares in Alpha Metallurgical Resources, Inc. $AMR

Key Points

• Fox Run Management L.L.C. acquired 1,826 shares of Alpha Metallurgical Resources, Inc. for approximately $229,000, indicating growing institutional interest in the energy company's stock.
• Analysts have mixed opinions about Alpha Metallurgical, with B. Riley adjusting their price target downward while Jefferies Financial Group raised it; the average target price is currently $160.50.
• Despite reporting a quarterly earnings beat, Alpha Metallurgical Resources experienced a 31.6% decline in year-over-year revenue, highlighting ongoing challenges for the company in the current market environment.

Fox Run Management L.L.C. bought a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,826 shares of the energy company's stock, valued at approximately $229,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its position in Alpha Metallurgical Resources by 306.1% during the 1st quarter. Signaturefd LLC now owns 199 shares of the energy company's stock worth $25,000 after buying an additional 150 shares in the last quarter. AdvisorNet Financial Inc lifted its position in Alpha Metallurgical Resources by 214.3% during the 1st quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company's stock worth $28,000 after buying an additional 150 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Alpha Metallurgical Resources during the 4th quarter worth about $60,000. Opal Wealth Advisors LLC bought a new stake in Alpha Metallurgical Resources during the 1st quarter worth about $64,000. Finally, CWM LLC lifted its position in Alpha Metallurgical Resources by 1,205.1% during the 1st quarter. CWM LLC now owns 509 shares of the energy company's stock worth $64,000 after buying an additional 470 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Stock Up 0.5%

Shares of AMR traded up $0.73 during trading hours on Tuesday, hitting $145.31. The company had a trading volume of 247,373 shares, compared to its average volume of 449,068. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of -50.99 and a beta of 0.59. The business has a fifty day moving average of $125.96 and a 200-day moving average of $127.57. Alpha Metallurgical Resources, Inc. has a 12 month low of $97.41 and a 12 month high of $255.04.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The energy company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($2.38) by $2.00. The company had revenue of $550.27 million for the quarter, compared to analyst estimates of $552.15 million. Alpha Metallurgical Resources had a negative net margin of 1.57% and a negative return on equity of 2.28%. The company's revenue was down 31.6% on a year-over-year basis. During the same period in the prior year, the firm earned $4.49 earnings per share. On average, equities analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Insider Activity

In related news, CFO Joshua Todd Munsey sold 2,135 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $157.00, for a total value of $335,195.00. Following the transaction, the chief financial officer directly owned 4,466 shares in the company, valued at approximately $701,162. This represents a 32.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jason E. Whitehead sold 12,004 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $161.84, for a total transaction of $1,942,727.36. Following the completion of the transaction, the chief operating officer owned 9,673 shares in the company, valued at $1,565,478.32. This trade represents a 55.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AMR has been the topic of several analyst reports. Wall Street Zen raised shares of Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. B. Riley dropped their price target on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating on the stock in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group upped their price target on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a "hold" rating in a research report on Monday, August 11th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $160.50.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.