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

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

Analysts Set New Price Targets

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

Alpha Metallurgical Resources Stock Up 2.7%

AMR traded up $3.78 during trading on Monday, reaching $145.21. The company's stock had a trading volume of 210,940 shares, compared to its average volume of 336,505. The firm has a fifty day simple moving average of $124.69 and a two-hundred day simple moving average of $127.68. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $255.04. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -50.88 and a beta of 0.59.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its earnings results on Friday, August 8th. The energy company reported ($0.38) earnings per share for the quarter, topping analysts' consensus estimates of ($2.38) by $2.00. Alpha Metallurgical Resources had a negative net margin of 1.57% and a negative return on equity of 2.28%. The business had revenue of $550.27 million for the quarter, compared to analyst estimates of $552.15 million. During the same period last year, the company posted $4.49 EPS. The business's revenue was down 31.6% on a year-over-year basis. As a group, equities analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Jason E. Whitehead sold 12,004 shares of the firm's stock in a transaction that occurred on 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Joshua Todd Munsey sold 2,135 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $157.00, for a total transaction of $335,195.00. Following the sale, the chief financial officer owned 4,466 shares of the company's stock, valued at $701,162. This represents a 32.34% decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.00% of the company's stock.

Alpha Metallurgical Resources Company Profile

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.